Case Study – FobaroCase Study – FobaroCase Study – FobaroCase Study – Fobaro
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            Case study

            Case Study – Fobaro

            Customer description

            Fobaro Group is an international distributor of industrial adhesives, chemical raw materials and cutting tools headquartered in Poland. It owns the Fix Grip and Extrem brands that have been on the market since 1996. Fobaro has products from renowned global manufacturers as well as its own brands. Fobaro's adhesives are used in a wide range of industries, such as paper processing, bottling and food processing, construction, automotive, aerospace, railroads, printing and footwear manufacturing.

            Purpose of the project

            The aim of the project was to support the process of optimizing the stocking of Fobaro's distribution warehouse directed at increasing the availability of products for the company's customers, while rationalizing inventory levels.

            Challenge

            Fobaro's customers operate in a wide range of diverse markets, with unique characteristics that require a supply of products from both domestic and foreign manufacturers. Fobaro's customer demand is characterized by high dynamics and seasonality, and the company's suppliers have very different terms for handling orders. All this means that the supply chain in which Fobaro operates requires very fast adaptation to the changing business environment and accurate decision-making. The company's inventory management methods used to date, based on a simplistic approach to demand forecasting and inventory analysis, needed to be improved to meet the company's growth objectives.

            Solution

            To meet the challenge, Fobaro decided to use advanced inventory control methods based on machine learning (ML) and artificial intelligence (AI) available in Smartstock's Dature Premium application. The application included a full process of demand forecasting, inventory simulation, generation of optimal stocking recommendations and an alert system for out-of-stock and overstock risks.

            Project implementation

            The implementation of the Dature Premium solution was carried out in the agreed 2 stages. Within 2 weeks of the start of the cooperation, the demand forecasting module was launched, and within another 4 weeks the inventory optimization module was launched.

            As part of the project's implementation, data exchange was ensured between the Dature Premium system and the ERP system used by Fobaro, which is COMARCH XL.

            During the implementation of the system, products were reclassified and inventory control elements were reparameterized, among others. Such as:

            • sales coverage days
            • MIN-MAX sizes
            • Service Level
            • product and supplier minimums ( including full-vehicle orders)
            • ordering calendars

            Business benefits

            The business benefits associated with the project are related to the following areas:

            • Reduce the risk of non-availability of goods to customers
            • reduce the size of excess inventory
            • Capturing demand signals and automatically adjusting stocking to them.

            Customer reviews
            ,,

             

            "We are the only company in the industry that offers its customers
            order fulfillment within 24 hours, regardless of the customer's location
            in the country. Our promise requires from us stock management at the highest level.
            The Dature system is en essential element supporting the inventory optimization process."

            Piotr Siebert, Fobaro CEO

             

             

            • Piotr Siebert
              We are the only company in the industry that offers its customers order fulfillment within 24 hours regardless of the recipient's location in the country. Our promise requires us to manage our inventory at the highest level. The Dature system is an essential component to support the inventory optimization process
              Piotr Siebert
              Prezes Zarządu
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            TAGS
            • #bullwhip-effect
            • #covid19
            • #demand-forecasting
            • #forecasting
            • #Intelligent-Development-Operational-Program-2014-2020.
            • #inventory-management
            • #inventory-optimization
            • #NCBiR
            • #neural-networks
            • #out-of-stock
            • #outllier
            • #overstock
            • #safety-stock
            • #safety-stock
            • #seasonal-stock
            • #service-level-suppliers
            • #stock-projection
            • #stock-projection-over-time
            • #supply-chain
            • #supplychain

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