Meet with Blue Yonder
Event
Optimizing inventory to accurately match supply with volatile demand is challenging, but it is especially tough when producing thousands of products across 60 diverse segments to serve 18,000 global customers in 120 countries. This was Ingredion in 2023.
The company’s planners knew they needed to access and analyze real-time data to sense shifts in demand and then immediately re-align forecasts, supply and inventory plans, and sales and operations plans.
The Blue Yonder center of excellence (COE) alongside Ingredion’s recently created Global Digital Operations Team worked effortlessly on development of visualization tools that enabled strong cross-functional and cross-regional collaboration, as well as exceptional execution. It also required Blue Yonder’s solutions to accommodate many complexities, including a range of inventory turnover speeds — from fast-moving to nonmoving — as well as tightly constrained specialty assets and warehouse space.
Key Benefits
In 2023, Ingredion saw several benefits, including a 2% improvement in demand forecast accuracy and a reduction of global inventory levels by 16%. The company also implemented strategic sourcing changes that contributed to significant savings globally. Better visibility has helped Ingredion boost its service levels: a 30% improvement to service levels internally to its affiliate offices and a 15% improvement in service levels to domestic customers.
“Our partnership with Blue Yonder is incredibly valuable to us. Its solutions have been instrumental in modernizing our approach to demand planning, supply chain visibility and inventory optimization. The Blue Yonder team genuinely cares about our success and shows an unwavering commitment to our satisfaction,” says Carneiro.
These rapid results are a testament to the success of Ingredion’s digital transformation. Blue Yonder’s reporting and analysis capabilities improve visibility, provide insights into changing conditions, and help track key performance indicators (KPIs). Ingredion can analyze larger volumes of data more efficiently, so planners can identify trends, patterns, and potential risks in its operations much faster.
Ingredion is in the early stages of development of its in-house machine learning forecast and is looking forward to integrating it with Blue Yonder. Also, Ingredion is exploring the capabilities of Blue Yonder’s Cognitive Planning solutions to take supply and demand planning to the next level. Whatever the future brings, Ingredion has a formula for success.
