iFive ERP Impact Story: 90% Better Traceability, 50% Faster Processing:
About the Customer
Our customer is a renowned company in the trading industry, dealing with high-quality bolts, nuts, and fasteners. With years of experience and a reputation built on delivering excellence, the company has established itself as a trusted supplier. However, as the company expanded its operations, inefficiencies in inventory management and dispatch accuracy began to surface, impacting customer satisfaction and operational costs.
The Challenge
Inventory Mismanagement
The inability to track inventory in real-time resulted in stock shortages, overstocking, and frequent errors in dispatch.
Frequent Dispatch Errors
Misdispatches of products like bolts and nuts caused delivery delays and led to dissatisfied customers
Lack of Traceability
Poor visibility into stock movements across the supply chain made it difficult to identify discrepancies and maintain control over operations.
Manual Data Handling & Errors
Manual processes, including data entry and reconciliation, led to inconsistencies in financial records and operational inefficiencies.
The Solution : ERP Implementation by iFive Technology
Results
90%
Improvement in Traceability
75%
Reduction in Dispatch Errors
50%
Faster Material Processing
40%
Reduction in Accounting Discrepancies