Product Sourcing & Supply Chain Management
Client: Fast-growing fitness apparel company
Objective:
- Reduce production costs and streamline supply chain logistics to improve operational efficiency and support growth.
Strategy:
- Supplier Optimization
- Identified and transitioned sourcing to more cost-effective, quality-assured suppliers, focusing on maintaining product quality while reducing costs.
- Inventory Tracking Implementation
- Established an inventory tracking system that provided real-time visibility, reducing stockouts and excess inventory. This allowed for better forecasting and efficient stock management.
- Order Cycle Optimization
- Analyzed order and delivery cycles to implement more efficient ordering practices. This minimized lead times and allowed the company to respond quickly to demand fluctuations.
Outcome:
- Cost Reduction: Achieved a 15% decrease in production costs by partnering with cost-effective suppliers.
- Improved Delivery Timelines: Enhanced delivery timelines by 80%, reducing delays and ensuring timely product availability for customers.
Results:
- Profitability Increase: The cost reduction directly improved profitability, allowing for reinvestment in marketing and expansion.
- Enhanced Customer Satisfaction: Faster and reliable delivery boosted customer satisfaction, contributing to brand loyalty and a higher rate of repeat purchases.
