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Fastock user cases: what is yours?
A national player in automobile aftermarkets
Application: using Fastock to connect up their network of distributors to facilitate online ordering, shipping and acceptance of car accessories.
Why: The dealers benefit by having upto date stock position, expected shipments and having a tool to plan stock-level so that they are not stuck with dead inventory.
The manufacturer benefits by having a visibility into pipeline stock levels, sales trends, region-wise imbalances into sales patterns and saves on manpower, time and money which was otherwise required to monitor the whole stock movement process.
The Big Picture: What is selling and what is not. How much of the stock pipeline is slow moving?
ROI: At least 5% growth in revenue, with 2-3% reduction in operating expense.
A leader in car service
Application: using Fastock to gain visibility of stock positions at all service locations across the country; helping plan for stocking level of OEM parts centrally and understanding consumption patterns by manufacturer, part-types, location etc.
Why: The benefit is in reducing parts inventory and thereby unblocking working capital. They also identify “dead-stock”, or slow moving inventory. They also gain visibility into pipeline stock levels, sales trends of consumables and accessories, region-wise trends of parts consumption and saves on manpower, time and money which was otherwise required to monitor the whole stock movement process.
The Big Picture: Streamline ordering of parts on OEMs; rationalize stock holding levels and save on working capital.
ROI: 8-10% reduction in working capital requirement.
A consumer product manufacturer
Application: connect up their network of distributors to facilitate online ordering, shipping and acceptance of sachets which are pelletized and sent to their stocking points.
Why: Getting upto date stock position visibility at all stocking points, helps in pushing inventory down the channel; share best practices and successes from other regions and target incentives which are geography and/ or SKU limited.
The dealers benefit by having upto date stock position, expected shipments and having a tool to plan stock-level so that they are not stuck with dead inventory.
The Big Picture: What is selling and what is not. How much of the stock pipeline is slow moving? Plan targeted interventions/ incentives to move stock. Increase channel satisfaction.