Managing a Full Consumables Supply for Luxury Yacht Supplier
Introduction
Focused on managing a wide range of products across multiple locations, the client sought a solution for cost savings and streamlined inventory management. Looking to partner with a reliable supplier, they adopted the DTC Hub stock management system, facilitating on-site bulk stock holding and enhancing efficiency through seamless ordering processes.
Overview
Challenges
Managing 3750 bins across 120 locations across the UK posed logistical problems. The need for cost savings, efficient reporting, and on-site stock availability was a big problem that needs to be fixed. They were looking to partner with a reliable consumables supplier who understood their industry and could provide a solution which integrated with their systems and processes.
Solutions
Our DTC Hub comprehensive stock management system became the linchpin of the supply chain strategy. The implementation included on-site bulk stock holding across four sites, ensuring a streamlined and accessible inventory. The DTC Hub’s slick ordering allowed the customer to enhance their efficiency through a streamlined process by bypassing physical processes which would cost time
Results
Overall, the solutions DTC provided in the boatbuilding consumables supply chain proved effective. The system’s reporting capabilities, coupled with tangible cost savings and enhanced stock availability, have positioned the luxury yacht manufacturer at the forefront of efficiency in the marine industry.
““The communication from all levels of DTC is great and any requests or amendments are addressed during the next working day. Well done, keep it up.”.”
– Senior Procurement Manager
Cost Efficiency Impact
DTC implemented a strong cost-saving programme, leading to substantial annualised savings of over £100,000 on alternative products. This underscores the effectiveness and optimisation resulting from DTC’s intervention.
Reporting Capabilities
The solution for their supply chain needs was a customised package of over 1600 SKU’s across multiple categories, supplied directly to more than 40 stock locations on two manufacturing sites in Southern England.
Cost savings of 38% were made by a thorough audit of the products that were being used. In addition, the instant availability of stock level reporting from the DTC Hub has reduced workload whilst ensuring service and availability have improved.
Stock Availability
With an average 99.4% of stock availability across 3750 different bins, DTC has significantly improved the ability to meet demand promptly. This high level of stock availability is a testament to the precision and accuracy of the DTC team and systems.
Summary
Overall, the solutions DTC provided in the boatbuilding consumables supply chain proved effective. The system’s reporting capabilities, coupled with tangible cost savings and enhanced stock availability, have positioned the luxury yacht manufacturer at the forefront of efficiency in the industry.
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