The Center for Business Analytics is pleased to recognize Ignatiuz Software as an honoree of the 2023 Drexel LeBow Analytics 50 Awards. Read more about how Ignatiuz Software used analytics to solve a business challenge.
Submitter
Himanshu Goil, Managing Director
Company
Ignatiuz Software
Industry
Software Development and IT Consulting
Business Challenge
A leading pharmaceutical ingredient company faced challenges in meeting growing demand in a volatile market. It sought to optimize production processes and improve supply chain management. By implementing an analytics solution, the company achieved significant improvements.
Analytics Solution
The solution involved a multi-phased approach that included data collection from sources such as SAP, production machines and supply chain partners. Real-time connections were established to collect and process confidential data. Advanced analytics techniques, including machine learning algorithms and statistical models, were applied to analyze the data and identify patterns and trends. The insights were visualized in an interactive Tableau dashboard, enabling better decision-making.
Impact
As a substantial impact of the analytics solution, the company experienced enhanced efficiency by identifying inefficiencies in the supply chain processes and obtaining insights for improvement. Predictive models optimized the supply chain and production processes, resulting in reduced lead times, increased output and lowered operational costs. Inventory management was enhanced through real-time data on inventory levels, demand and lead times, leading to reduced excess inventory.
The solution also provided increased visibility into the supply chain, enabling proactive measures to address disruptions and mitigate risks. Decision-makers had the ability to monitor inventory levels and identify potential issues, allowing for quick responses and minimizing the impact on business operations. Overall, the analytics solution delivered several unexpected benefits, including improved efficiency, better inventory management and increased visibility, helping the company meet growing demands successfully.