Explore How an Oil Refining and Distribution Company Optimized Supply Chain to Improve Cost Savings & ROI
Our client, an oil refining and distribution company, was facing challenges in a volatile and complex environment. They had inefficiencies in supply chain operations that was impacting profitability. Their main pain points included inventory mismanagement, logistics costs, late deliveries, and lack of real-time insights.
Clarion's Solution:
Our developers developed a customized solution to address the challenges of maintenance of the supply chain. By integrating big data analytics our developers enabled real-time monitoring. They implemented AI and ML models to improve the accuracy of demand forecasting and optimize inventory levels. This reduced the risks associated with fluctuation. Our developers also integrated ERP solutions to streamline procurement, logistics, and inventory management. They developed a unified platform to foster smooth co-ordination across supply chain.
Business Benefits for our Client:
- Reduction in logistics cost by 15%: Data analytics and AI-driven route optimization enabled saving logistics cost, better route planning, and cutting fuel consumption.
- Improvement in on-time delivery by 20%: Demand forecasting and inventory management improved on-time delivery, improving customer satisfaction and reducing penalties.
- Increased operation efficiency: ERP integration helped improve operational efficiency, streamline the supply chain and reduce administrative overhead.
Conclusion
Adopting Clarion's technology-driven solutions enhanced supply chain operations. Big data, AI/ML, and ERP system provided transparent, resilient, and efficient supply chain.
