Brankit Helps Ergonomic Desks & Stools Seller Climb out of cashflow pitfalls & revitalizes its Supply Chain
Project Summary
Brankit’s intervention tackled significant challenges faced by an ergonomic
Furniture seller. Inefficient PO placement, poor cash flow management, frequent stock outs, excess stock, and inaccurate profit calculations were addressed. The comprehensive plan of action
involved a supply chain takeover, a 60-day planned PO cycle, structured SOP creation, data-driven estimations, cash flow analysis, and improved profit calculations using Seller board.
This resulted in a remarkable 192.23% revenue increase, 21 IPI points increase, and 15 hours saved weekly, with 4000 Euros saved in shipment costs.
Initial Hurdles
- Inefficient PO Placement: POs were placed whenever required without proper planning, resulting in unpredictable inventory levels and additional shipping costs.
- Unstable Cash Flow: Poor cash flow management led to irregular earnings and financial instability for the business.
- Frequent Stock outs: Inadequate stock planning led to frequent stock outs, resulting in lost sales and dissatisfied customers.
- Excess Stock: Lack of demand planning contributed to excess stock, tying up capital and storage space.
- Poor Profit Calculations: Due to no proper record of COGs maintained, inaccurate profit calculations hindered the ability to make informed business decisions.
Plan of Action
To address these challenges, Brankit implemented a comprehensive plan:
- Supply Chain Takeover: Within a month, Brankit took over the complete supply chain process, analyzing existing business processes for inefficiencies. And figured out points of improvement.
- Structured PO Cycle: Instead of placing POs whenever needed we implemented a 60-day planned PO cycle to ensure that there is no unnecessary placement of POs.
- SOP Creation: Created structured SOPs on how a task can be performed in the most efficient manner taking less manual effort and time. (SOPs included short videos as well as step by step procedures in written form.)
- Data-Driven Estimations: Utilized data-driven insights to establish current days of cover, and perform excess stock analysis to determine SKU with unnecessarily high stock at hand.
- Cash Flow Analysis: Made use of Agicap for cash flow analysis and maintenance, we split a PO into two containers spreading out the cost that otherwise would have increased the negative cash flow ensuring more predictable financial stability and providing the room for steps to be taken towards a positive cashflow.
- Profit Calculations: Utilized Seller board for accurate cost of goods sold (COGS) calculations to improve profit calculation accuracy and provide thorough data metrics on an SKU level.
<span data-metadata=""><span data-buffer="">Outcomes Achieved
- Improved Cash Flow Management: With structured planning and Agicap integration, cash flows became more stable, eliminating unforeseen dips and boosting overall earnings and profits by 192.23%.
- Elimination of Stock outs: The implementation of data-driven estimations and timely PO placements improved overall stock in rates and ultimately led to an increase of Inventory Performance Index (IPI) by 21 points in 9 weeks.
- Lean Operations: Through structured SOPs and complete takeover of the supply chain, Brankit saved 15 hrs/week for the client to spend on business improvement.
- Shipment Costs Saved: By implementation of 60D cycle, we saved around 4000 Euros per 60 Day cycle in shipment costs, leading to a better cash flow cycle.
This successful collaboration with Brankit led to improved financial stability, a seamless supply chain, and higher profitability for the ergonomic Desks & Stools seller.
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Aug 16, 2023
Very professional and experienced
Very professional and experienced. We use them for their supply chain management, and direction advise on other areas we can improve. A+
Aug 18, 2023
Highly recommended!
Their expert team seamlessly integrated with our operations, boosting efficiency and productivity. What sets them apart is their tailored solutions, transparent communication, and unwavering commitment to customer satisfaction. Highly recommended!
Aug 18, 2023
Seamless Supply Chain Management by Brankit
In my role as a Brand Manager working with an Aggregator, I've had the opportunity of working with Haseeb from Brankit for the past two years. During this time, he played a crucial role in enhancing the efficiency of our supply chain management within the Home & Wellness Category, which boasts a value exceeding $20 million. Haseeb's contributions have been instrumental in refining our replenishment processes for over 1000 SKUs. Additionally, he has seamlessly integrated technological solutions into our operations through the implementation of ERP and inventory management systems. Working with Haseeb has been nothing but great. His professionalism, expertise, and positive work demeanor shine brightly in all our interactions.
Aug 30, 2023
Ecommerce Guru
To sum up my experience with Haseeb, his proficiency in the field, patience, and thoroughness were exemplary in every aspect of his work. From his impeccable attention to detail to his exceptional personal communication skills, he consistently went above and beyond to meet my needs and exceed expectations. Moreover, his unwavering dedication and ability to effectively communicate in English further enhanced the experience as he tutored me along the way in the Ecommerce journey. If you are looking for detail, knowledge and patience, Haseeb is your guy!
July 06, 2024
Really excellent work all round
Really excellent work all round - highly recommended and will continue using their services.
May 02, 2024
Working for half a year with Brankit..
Working for half a year with Brankit I am very happy. Keep it up!
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