Is the total cost of sourcing a gasket lower from India or Ecuador? With Olympe a major manufacturer built an application that automates large volumes of complex cost calculations for their materials, boosting the productivity of their supply chain teams.
- A major European manufacturer needed to source nuts, bolts, and gaskets abroad for customers and for their own production.
- Sourcing the most cost-effectively required hours of manual computing of shipping, customs and other costs.
- Fluctuating cost data was already outdated when used in manual calculations, leading to inaccurate price comparisons.
- As a result, the supply chain / sourcing team sometimes failed to use the most cost-effective method.
Solution
- Working from just an e-mail describing the client’s needs, Olympe built a fully functional prototype application that automated transport cost calculation. We built this in 2 hours.
- The app connects to official customs fees database, manufacturer’s ERP, real time prices from parts suppliers.
- The app calculates and feeds real-time “transport cost comparisons” back to the ERP.
- It is multi-user and works on desktop or smartphone.
Results
- The app boosts the productivity of Supply Chain teams by automating large volumes of complex calculation processes.
- It increased the manufacturer’s profit margin by lowering costs through better sourcing decisions.
- In future new data sources can be added to the app effortlessly by the manufacturer themselves.
2 hours
Time to develop live, working app
1 email
Amount of specifications required to build app
4 systems
Data sources interfaced with app for cost calculations
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