NEW SUPPLY CHAIN MODEL IMPLEMENTATION IN THE RAILWAY INDUSTRY
Wabtec's Innovative Approach
In this compelling case study, we delve into the partnership between Faiveley Transport, a well-established transportation industry supplier, and FuturMaster, as part of the Wabtec Group. Recognizing the need to deliver an exceptional service amidst increasing competition, Faiveley sought to revolutionize their supply chain model. FuturMaster's demand planning process proved instrumental in overcoming the challenges faced by Faiveley.
By implementing a unified solution deployed across all sites, FuturMaster empowered local demand planners with reliable sales data and enabled them to manually adjust statistical forecasts to improve accuracy. The process further involved collaboration with a central planning team to achieve consensus on aggregated forecasts. With adaptable lead times and minimum delivered quantities, Faiveley experienced significant improvements in forecast accuracy, service rate, and inventory levels.
The pilot scheme, supported by FuturMaster, led to remarkable achievements, including shorter customer lead times, Complete & On-Time Delivery (COTD), and strengthened customer relationships. Faiveley's success in demand planning enhancement sets the stage for their future goals and establishes them as a leading force in the industry.
- Wabtec overview
- The context
- Pilot Project: objectives and deliverables
- Forecasting methodology
- Design phase overview
- Project risks and key success factors
Case Study Abstract
FuturMaster's demand planning process played a pivotal role in this endeavor, offering a comprehensive solution deployed across all participating sites. With the support of local demand planners and a central planning team, Faiveley leveraged robust sales data and utilized statistical forecasts to drive accuracy. The planners' expertise and manual adjustments ensured consensus on aggregated forecasts, improving overall demand predictability and planning efficiency.
The successful pilot scheme yielded impressive results, including shorter customer lead times, Complete & On-Time Delivery (COTD), and fortified customer relationships. Faiveley's journey exemplifies the power of collaborative supply chain management and FuturMaster's transformative solutions.
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