O&G Supply Chain Solutions | Inventory Optimization - Wipro

Harry1214 Apr, 2022Technology

The O&G supermajor was facing several business challenges as their IT systems and processes did not support their supply chain planning or demand forecasting. It didnot also support the Demand Forecast Accuracy (DFA) up to the desired levels required to meet their targets for service levels, inventory days of supply, supply chain operating costs. Top down forecasting led to huge demand-supply gaps, high stock levels at plant and warehouses, frequent stock-outs at demand end and over production at plants due to very little visibility into real-time demand. Forecast error rates were high as well.