A Shipping/Logistic Company
Revenue: USD 100 Million
PROBLEM
- Difficulty in creating consolidated forecast and plan for diverse product types and shipping regions
- Pool management of various product types, including planning for repairs, losses, scrap, and new additions was manual and cumbersome.
- Net asset value calculations, wastage calculation and gains and losses owing to exchange rates were difficult to perform and maintain manually
SOLUTION
- Solution integrated the planning system with the Asset register for up-to-date asset information for all categories across shipping regions
- Planners could update the pool assumptions based on historical data as well as judgement to create asset pool forecasts
- Depreciation calculations using Written Down Value was performed and accumulated Net asset value was booked automatically based on inputs.
RESULTS
- Better visibility to asset management and costs
- Multi-region consolidated view of assets including movement of assets could be planned easily
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