Modis Life Sciences provides biomolecular research tools & service company insights in supply chain concepts

Company: Biomolecular research tools & service company

Objectives /Business Challenges:

• Optimize probe forecasting strategy
• Improve inventory management
• Need for process FMEA (Failure Mode and Effects Analysis)

Our experts: 1 senior consultant and 1 medior consultant

Our solutions:

• In-depth analysis of current forecasting and inventory management strategy
• Workshops on basic supply chain concepts, such as forecasting, S&OP, MRP, inventory management
• Define suggestions for improvement for forecasting and inventory management strategy
• Execution of a process FMEA and follow-up on the action plan

Result:

• Provided an assessment on their current forecasting and inventory management strategy. Suggestions for improvement were defined
• Employees without industry background (academics) were trained in basic supply chain concepts
• Conducted process FMEA , full visibility on required process steps and contingency planning

Added value:

• We provided insights in supply chain concepts such as forecasting and inventory management, and defined suggestions for improvement
• Risk has been reduced for the probe production process by means of a FMEA