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Prysmian: Building Customer-Centric Supply Chains with IoT
Technology Category
- Analytics & Modeling - Real Time Analytics
- Functional Applications - Inventory Management Systems
Applicable Industries
- Telecommunications
- Transportation
Applicable Functions
- Logistics & Transportation
- Warehouse & Inventory Management
Use Cases
- Inventory Management
- Supply Chain Visibility
Services
- System Integration
The Challenge
Prysmian Group, a world leader in cable manufacturing, energy solutions, and telecom cables and systems, operates in a highly competitive market where product offerings are similar amongst market players. This makes service a key focus for differentiation. However, Prysmian’s customer service was suboptimal due to a lack of transparency across shipments and deliveries. Without readily available data on the status of shipments, staff spent considerable time contacting their logistics department to confirm whether goods were on their way to customers. Additionally, Prysmian found it challenging to accurately forecast customer orders, which is critical for ensuring a reliable supply of product. The company relied on its customers to provide these forecasts, which varied greatly in terms of accuracy and reliability, leading to poor visibility of customer stock levels and sell-through rates. This made it difficult to predict or rapidly respond to changes in demand, making it hard to replenish inventory levels efficiently.
About The Customer
Prysmian Group is a world leader in the design, manufacture and sales of cables and systems for energy and telecommunications. The company is headquartered in Milan, Italy, and operates in over 50 countries worldwide, across North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific. Prysmian employs approximately 28,000 employees and operates 104 plants. The company is the world's #1 cable manufacturer and is a key player in the highly competitive cable solutions market, particularly in Europe and Asia.
The Solution
Prysmian implemented Shippeo’s real-time transportation visibility platform as part of a wider digitalization project. This platform offered Prysmian a way to capture and aggregate data, and make it predictive, to aid the business in having greater operational visibility. Prysmian launched a track and trace solution to provide real-time information about deliveries, from loading through to proof of delivery, as well as ETAs. The platform also automatically sends updates via email and SMS to all relevant stakeholders, to keep everyone aligned on a delivery’s status. The objective data collected on the movement of shipments is also fed into scorecards, used to measure customer oriented KPIs such as OTIF. Prysmian staff can access Shippeo’s portal to view all orders and their status in real-time. Prysmian’s customers are also provided with access to their own light version of Shippeo, offering them visibility across their deliveries. By taking advantage of Shippeo’s partnership with SAP, Prysmian has been able to combine their inventory management systems, along with those of their customers, with real-time transportation data to achieve visibility of inventory across their entire distribution network.
Operational Impact
Quantitative Benefit
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