ITC Infotech > Resources > Case Studies > Simulation-based optimization to minimize stock obsolescence for a multi-echelon supply chain network

Simulation-based optimization to minimize stock obsolescence for a multi-echelon supply chain network

January 2, 2023
Simulation-based optimization to minimize stock obsolescence for a multi-echelon supply chain network

Client:

The client is a century-old consumer food manufacturer from the Americas with a portfolio of 100+ brands being sold in more than 90 countries and manufacturing plants in more than 30 locations.

Business Challenge:

With more than 100 brands, it was complex and unpredictable to effectively balance between inventory, services, and sales. There was a nonscientific approach to maintaining the shelf-life of products and raw materials. There was no proper basis for key decisions related to maintaining inventory levels based on market conditions, often leading to stocking higher / lower inventory than actually required.

Benefits Achieved:

With the simulation of the supply chain network, the client has observed better network planning and a significant reduction in inventory wastage. Due to insightful analysis, it is now possible to predict and prepare for demand surges with minimum obsolescence. Specific algorithms to effectively analyze the shelf-life resulted in lower wastages and higher profitability.

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Beware of fraudulent and fake job offers

It has come to our attention that certain employment agencies and individuals are asking people for money in exchange for a job at ITC Infotech.

Such Agencies/individuals could impersonate ITC Infotech’s officers, use the company name/logo, brand names and images illegally, without authorization, and/or try to extract money towards security deposit, documentation processing fees, training fees, and so on.

Please note that ITC Infotech never asks job applicants or members of the public to pay money in any form while recruiting.

Feel free to reach out to us at contact.us@itcinfotech.com to report any such incidents that you may have experienced, please use the subject line “Recruitment Fraud Alert” in your message.

Always exercise caution and stay protected against fraud:

  • Do not pay money or transfer funds to anyone toward securing an ITC Infotech job. ITC Infotech will not accept liability for any losses that may have been suffered by the victims of such fraudulent activities.
  • Be careful when sharing your personal information and protect yourself from potential damage. Do not engage with people who fraudulently misrepresent ITC Infotech or its employees/officers and try to solicit payments under the pretext of offering jobs.

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