How Streamline improved the order planning accuracy for global tech company
About the company
SoftServe stands as a leading IT company specializing in digital technology consulting and services. With a workforce of over 11,000 employees spread across 62 offices in 16 countries, Softserve has a broad client portfolio in various areas, including finance, healthcare, retail, telecommunications, and more. Renowned for its expertise in modern technologies like cloud computing, artificial intelligence, machine learning, and the Internet of Things, SoftServe is at the forefront of digital innovation.
Challenge
Before integrating Streamline, SoftServe managed warehouse accounting and detailed analytics across its locations in a unified system. While these processes were effective to a certain extent, rapid growth and scaling presented challenges. Manual forecasting calculations consumed excessive time, particularly amid dynamic changes, and existing processes became less efficient with expansion into new locations. Automation was essential to optimize these processes.
Project
In response to these challenges, SoftServe implemented Streamline platform, offering an integrated solution for supply chain optimization. The implementation process, accomplished in five months, proved to be effective. The company’s procurement team was satisfied with Streamline’s technical support and the smooth product implementation process.
Outcomes
The implementation of Streamline led to notable improvements in supply chain operations, including:
- Ease scale of IT HW Demand planning to n-Standards of IT equipment and n-Locations;
- Improved order planning accuracy and replenishment in constant uncertainty and change;
- Gained visibility (by having data in one place: Inventory level, orders in transit, demand forecast).
Overall, the implementation of Streamline resulted in substantial cost and time savings, transforming SoftServe’s procurement process.
“AI-based solution is truly a huge advantage. Streamline platform helped us steer clear of further logistical complications. Reliable forecasts and well-managed inventory levels enabled us to handle our inventory efficiently,”- said Andriy Stelmakh, HW Asset Management Associate Director at SoftServe Ukraine.
Do you want to test Streamline on your company’s data?
Further Reading:
- How to deal with supply chain processes during the Coronavirus outbreak
- Why switch from Excel to inventory planning software
- Must-read: Smart Supply Chain Management solutions for business processes optimization
- Cross-Functional Alignment in Supply Chain Planning: A Case Study of Sales and Operations Planning [PDF]
- Demand & Supply Management: Collaborative Planning, Forecasting & Replenishment
Still relining on manual work in Excel for sales and operations planning (S&OP)?
See what Streamline can do for you
- Achieve optimal 95-99% inventory availability, ensuring you can meet customer demand consistently.
- Attain up to 99% forecast accuracy, getting more reliable planning and decision-making.
- Experience up to a 98% reduction in stockouts, minimizing missed sales opportunities and customer dissatisfaction.
- Cut excess inventory by up to 50%, freeing up valuable capital and storage space.
- Increase margins by 1-5 percentage points, boosting overall profitability.
- Enjoy up to 56 times ROI within one year, with a 100% ROI achievable in the first three months.
- Reduce the time spent on forecasting, planning, and ordering by up to 90%, allowing your team to focus on strategic activities.
