Supply Chain Analytics Platform Instrumental in Helping
Significantly Reduce Inventory Loss
FusionOps, the provider of the supply
chain intelligence cloud, announced Advanced Energy, the leader in
precision power conversion, is on track to reduce inventory by a few
million dollars as a direct result of taking actions from insights
obtained from FusionOps. Advanced Energy selected FusionOps as their
supply chain analytics solution to gain better insights and Key
Performance Indicators (KPIs) critical for driving operational
excellence across their business. FusionOps offers a supply chain
intelligence cloud that transforms data into actionable information to
drive cost reduction, revenue growth and service level improvement.
“With our investment in supply chain management technologies,
especially FusionOps, we have been able to accurately diagnose root
cause issues and detect problems as well as opportunities at each step
in our global supply chain,” said Rajeev Ankireddypalli, Vice President
of Information Technology at Advanced Energy. “The insights we gain from
the FusionOps dashboards give us confidence in the critical decisions
that ultimately drive our business success.”
Empowering Better Decision Making
Advanced Energy provides an essential link in the manufacturing of
applications and tools that consumers interact with every day - from
industrial power, medical diagnostics and treatment, and analytical
equipment to aerospace and defense and homeland security technology.
Fine-tuning and optimizing forecasting accuracy to improve fulfillment
has historically been a complex exercise that required a team of IT and
business analysts to dedicate months to deciphering data and creating
reports. Because the business is constantly moving, these reports were
more backwards looking than a representative of the current state. IT
introduced FusionOps
as part of an initiative to arm its business leaders with direct and
immediate access to information that would allow better decision making
and more confidence in production planning.
FusionOps changed the entire dynamic for Advanced Energy by providing a
window into real-time, end-to-end operations of its supply chain and by
eliminating unproductive time spent by IT on report building. The
visualization and data science that make up the FusionOps platform
results in improved business insights and accurate metrics. It has also
allowed for limited IT resources to now be re-focused on strategic
initiatives critical to the company welfare.
One Source of Truth from Prospect to Fulfillment
Advanced Energy relies on industry leading applications like
Salesforce.com for sales forecasting and SAP for transaction processing.
To have a complete view of the performance of its end-to-end operations,
it needs the data in these stand-alone applications to be unified,
analyzed and presented within a cohesive single platform. In the past,
tapping into these information sources would require custom work done by
a team of people using business intelligence tools that could take
months. Unlike this laborious and expensive approach, Advanced Energy
was able to unify all its ERP and application data sources with the
FusionOps platform in a matter of weeks to gain a crystal clear view of
the state-of-operations and to have confidence in its decision-making
process across its organization.
Added Ankireddypalli, “FusionOps is a one stop shop for supply chain
information. We rely on it to show our key supply chain metrics to our
C-level and senior management team and it is also utilized by teams for
tactical operations on our factory floor.”
Information, Root Cause, and Ease of Operation Lead to Better Insights
FusionOps infographics presentation of operations makes it easy for any
business manager or C-suite executive to gain insights that drive
business strategy and planning. In the case of Advanced Energy, it has
meant the ability to compare their factory performance on a global
scale, do cost-analysis and run specific calculations on the data in an
instant. Critical insights to identify and remedy risk and discover
opportunities for forecast improvement have led to significantly reduced
inventory without impacting service levels.
“Advanced Energy exemplifies the new generation of data-driven companies
that are leveraging cloud and domain-specific information platforms to
optimize business operations and ultimately deliver better ROI for
customers, partners, and shareholders,” said Gary Meyers, CEO of
FusionOps. “We believe there are endless possibilities for our clients
to discover and utilize information to help them better manage risk and
drive operational excellence throughout their organization.”
More Resources
About Advanced Energy
Advanced Energy (NASDAQ:AEIS) is a global leader in innovative power and
control technologies for high-growth, precision power conversion
solutions. Advanced Energy is headquartered in Fort Collins, Colorado,
with dedicated support and service locations around the world. For more
information, go to www.advanced-energy.com.
About FusionOps
Thousands of users worldwide rely on the FusionOps supply chain
intelligence cloud as the trusted source for getting actionable
knowledge about their supply chain. It provides what no other vendor on
the planet can: an advanced cloud platform, embedded data science that
puts advanced analytics in the hands of business users, and supply chain
models specific to the supply chain.
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