“We have to rethink supply chain,” said Julian Fischer, Partner, McKinsey & Company, during a presentation to business leaders at Celonis World Tour 2022. “We have to rethink how we run our operations and how we serve our customers globally,” he added.
This is where the Celonis Master Data Improvement Application comes in.
The Master Data Improvement app uses procurement, order management, production, and inventory data to recommend accurate supplier lead times, safety stock and reorder points using a powerful machine learning algorithm. The app displays the details behind the recommendations, allowing the material planner to apply their own knowledge to Celonis’ powerful machine learning algorithm, and simulate parameters to ensure planning parameters are up to date with the latest information.
This purpose-built solution helps material managers and MRP controllers maintain the crucial parameters across all of their SKUs enabling them to better balance inventory levels to meet customer satisfaction and working capital objectives.
