o9 Solutions, Inc.
Case Studies
IoT Implementation in Tire Manufacturing: Enhancing Forecast Accuracy and Inventory Management
Overview
IoT Implementation in Tire Manufacturing: Enhancing Forecast Accuracy and Inventory Managemento9 Solutions, Inc. |
Functional Applications - Inventory Management Systems Platform as a Service (PaaS) - Application Development Platforms | |
Mining | |
Sales & Marketing Warehouse & Inventory Management | |
Demand Planning & Forecasting Inventory Management | |
Operational Impact
The implementation of o9's platform brought about significant operational improvements for the company. The platform's ability to understand and incorporate drivers of demand into the forecasting process led to a significant increase in forecast accuracy. This, in turn, led to a reduction in backorders and missed sales opportunities, driving top line growth. The platform also helped the company optimize and reduce inventory levels, leading to a reduction in lost sales. Additionally, the platform's integrated and intuitive UI/UX drove user adoption among the sales and planning community, further enhancing the company's planning and decision-making processes. | |
Quantitative Benefit
Increased forecast accuracy by 9.8% | |
Reduced backorders by 30% | |
Reduction in missed sales opportunity driving top line growth | |