Designing and implementing a SIOP process for Medical Products PortCo.
Situation
$600MM PortCo seeking improvements in forecasting, planning processes and customer OTD.
Actions
Designed and implemented SIOP process.
- SIOP process
- 4-week cycle
- Demand review
- Supply review
- SIOP meeting
- Executive review
- Brought planning under control through building demand/supply plans, forecast, inventory and production plans with clear RACI roles
- Reduced overtime, setup, penalties by relieving impact from bullwhip effect
- Level-loaded plant
Results
85%
customer OTD, improved from 70%
60%
demand forecast accuracy, improved from 30%
$2MM
annualized operational costs reduced
