In Fast Moving Consumer Goods (often referred as FMCG) industry, agile supply chain and inventory management practices are absolutely crucial to ensure stock availability and take inventory-carrying costs under control. Meanwhile, manufacturers of FMCG products are being asked to do more with less - including responding to growing retailer demands in pricing, packaging, and distribution
Client Challenge - Our client is one of the world’s largest consumer goods company. With a sophisticated, multi-level, nationwide retailing network in China, the client faces increasing challenges from distributors and retailers to ensure timely order fulfillment, accurate and on-time delivery, and responsive promotion activity cooperation.
Hurrytop Solution - By utilizing our proprietary order consolidation and automated fulfillment process and our transportation optimization system, HurryTop logistics consultants helped the client greatly reduced order-to-delivery lead-time. HurryTop also leveraged strong cash-flow position to participate in goods trading business by offering vendor-managed inventory service so as to help the client dramatically reduced inventory carrying cost.
The Result
- a reduced order-to-delivery average lead-time from 4-5 days to 1-2 days
- reduced inventory carrying cost by 17%
- increased goods-dispatching accuracy from 91% to 99.5%
