How Control Tower help CPG companies?
The Consumer Packaged Goods (CPG) industry produces and distributes goods intended for everyday consumption. They encompass a wide range of products, including food and beverages, personal care, home needs, and more. CPG enterprises often operate on a large scale, utilizing extensive supply chains and distribution networks to reach consumers worldwide. These businesses typically focus on innovation, branding, and marketing strategies to make their products stand out in competitive markets and meet evolving consumer preferences.
Read More: Explore the Benefits of Control Towers for Businesses of all Sizes
The COVID-19 pandemic had completely reshaped the consumer landscape, urging CGPs to adapt to advanced machine-learning logistics and more efficient supply chain operations to meet distribution and consumer demands. Syren Cloud’s control tower integrates data from various sources, offering a real-time view of operations and supporting swift decision-making by harnessing the capabilities of AI-driven systems that seamlessly align with your supply chain’s needs to optimize complex processes.
Smart Decision-making with Smarter Analytics
Syren’s uses s strategic procurement for seamless inventory management, anticipating and adjusting to market trends and demand shifts. We use autonomous processes and omnichannel fulfillment strategies to correctly forecast exceptions, allowing CPGs to identify potential delays early on, ensuring resilience and adaptability, tailoring the fulfillment experience according to the business’s preferences. Our demand management service examines each demand factor independently, and the influence of each factor on strategic procurement may be linear or non-linear.
The curated solution holistically employs automation, technology, and data integration to streamline workflows, increase efficiency, reduce the risk of errors or disruptions, and incorporate inherent demand refinement and seasonal profiling to simulate the potential impact on forecast accuracy and theoretical inventory.
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No More Inventory Crisis
Rapid changes in market conditions, such as shifts in consumer preferences or economic fluctuations, can impact demand and require adjustments in inventory strategies. Utilizing multi-tier inventory optimization technology, we adopt a comprehensive method for monitoring inventories and reducing the impact of shipping delays. Our solution implements a robust inventory management system that utilizes advanced algorithms to dynamically calculate economic order quantity (EOQ).
This system factors in holding costs, ordering costs, and stockout costs to find the optimal order quantity for minimizing overall expenses while meeting demand. Our solutions are regularly updated and upgraded to stay current with technological advancements. We provide services that are fortified with intelligent demand forecasting and replenishment science, empowering suppliers with the tools needed to efficiently manage product replenishment and enhance stock performance.
Read More: Learn How AI Fuels Efficiency in CPG Distribution
Resilience is the Key
Powering the supply chain with resilience, our solution delivers optimal decision support, offering scorecards and dashboards for comprehensive business performance insights throughout the enterprise. Gain the ability to generate repeatable and auditable tasks for each Sales and Operation Planning (S&OP) planning cycle, key performance indicators (KPIs) for performance against plan and budget. Conduct instant ‘what-if’ analysis on utilized and available capacity. We facilitate capacity planning with our advanced solution enabled with AI, ML, and model alternate initiatives to realign the plan in support of corporate objectives. Our data-driven solution enhances sustainability tracking, compliance, cost savings, and environmental performance. Engage stakeholders, mitigate risks, and make a positive impact on the supply chain and the environment.
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Hassle-free Distribution
Syren’s transportation management system (TMS) is designed for easy visualization of the entire transportation network where an enterprise can pick the preferred method of configuration and customization that works best for their business. Enterprises can stay updated with interactive maps, real-time updates, weather conditions, shipping routes, and communicate effectively and proactively through responsive alerts. Our solution helps manage fleet resources to reduce transit times—and costs. We aid in calculating the best use of all the enterprise’s assets and balance loads across shifts and resources and support long-haul needs, ensures compliance, and enables a driver-centric workday view. Our Available to Promise (ATP) and On-Time In-Full (OTIF) solutions help businesses gain real-time inventory visibility, advanced calculations, and seamless integrations to streamline order fulfillment efficiently.
Explore: A Comprehensive Look at Implementing AI in CPG Industry
Syren’s control tower solution provides unprecedented visibility across borders. By leveraging advanced analytics and AI, Syren provides real-time visibility into supply chain operations, enabling proactive decision-making. This proactive approach helps CPGs mitigate the impact of delays, reduce stockouts, and improve customer satisfaction. Our Control tower solutions can be game-changing for CPG companies, offering the agility and insights needed to navigate the complexities of modern supply chains.
Read On: Learn How AI and Emerging Technologies are Optimizing CPG Supply Chains for Success
