Organizations today are grappling with several pressing problems in the area of supply chain management. Uncertainty in global economic scenario, changing customer needs and shorter product lifecycles are posing new challenges to organizations to optimize their inventory positions and to provide the right levels of service.
While stock-outs result in lowering customer satisfaction, over-stocking of inventory can result in slower inventory turnover, capital tie-up, below expectation sales, etc. - a CFO’s nightmare. This increases the need to holistically manage and optimize inventory to achieve higher standards of efficiency.
Bosch Engineering and Business Solutions, through its revolutionary analytics driven inventory management solution has been able to deliver significant business impact to several clients that are facing issues related to managing inventory efficiently. Faster inventory turnover, higher revenue growth, and efficient stock re-distribution are some of the benefits that SKAPE users have realized.
With a rich legacy in providing products across automotive, industrial, consumer goods and building technology, Bosch has been a frontrunner in establishing the best industry practices in all aspects of manufacturing. Bosch aims to leverage its domain experience in manufacturing and its strong technology expertise to deliver state of the art solutions to drive industry best practices.