COVID-19 Insights: Quantzig’s Latest Success Story Illustrates How Demand and Supply Planning Can Help Medical Devices Manufacturers to Improve the Time Efficiency of the Products

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The transformation of the COVID-19 outbreak into a pandemic has brought about significant shifts in business processes and market needs. The pandemic is provoking severe budgetary strains in many segments of the economy, due to which companies are forced to scale down operations to balance the financial impact of the crisis. In this case, the client wanted to understand the historical sales data and determine the best possible ways to fulfill the requirements of the target audience.

How Quantzig’s COVID-19 business support solutions can help medical device manufacturing companies?

• Our specially curated analytics solutions focus on ensuring business continuity to help businesses navigate the crisis
• We also offer access to a library of best practices and analytics methodologies that can help businesses carry out operations smoothly by identifying the COVID-19 impact areas
• Our services involve combinations of components like portal access, ad-hoc/steady projects, and consulting services

Navigating the crisis is no big deal, provided you possess the organizational readiness to shift and adapt to a different environment. Talk to our analytics experts to learn how we can help you adapt and thrive in the new normal.

Demand Supply Planning Engagement Overview:

The current global scenario in which businesses are struggling to stay afloat is truly unprecedented. The global supply chain has been disrupted, lockdowns have been enforced, and businesses have been pushed to adapt and thrive in the new reality. To overcome the burgeoning cost of product development and efficiently bridge the demand-supply gap, prominent organizations are leveraging demand and supply planning solutions. Demand and supply planning helps businesses forecast the demand and accordingly align their inventory levels to enhance profitability. With the help of Quantzig’s demand and supply planning solution, the client wanted to balance the supply and demand to improve their finance and service objectives.

Quantzig’s advanced demand and supply planning helped the client to:

• Fulfill the demand of the end-user segments
• Predict the future demand patterns
• Drive profits

According to Quantzig’s supply chain analytics experts, “Incorporating demand and supply planning in the supply chain management system helps organizations to predict market demands and transform requirements into supply chain responses.”

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Quantzig’s Supply Chain Analytics Value Proposition

Our industry-leading solutions combine cutting-edge analytics methodologies, advanced algorithms, and data science with intuitive, interactive dashboards that help drive shareholder value and business outcomes. Quantzig’s advanced analytics platforms also ensure complete visibility into business and supply chain operations, empowering businesses to enhance efficiency. By adopting our solutions organizations can realize the benefits of lower operating costs obtained by optimizing fulfillment, customer experience, and improvements in overall business performance. What sets us apart amid the competition is that our proprietary algorithms and advanced analytics platforms are designed to support the unique needs of our clients from different industries, thereby ensuring we deliver maximum value and returns to our clients.

Quantzig’s supply chain analytics capabilities include:

1: Demand and capacity planning

2: Warehouse optimization

3: Procurement cost optimization

Based on our analysis, the impact of the ongoing crisis will have a prolonged effect on key business processes, and companies will have to deploy advanced analytics models that leverage machine learning algorithms to ingest large disaggregated data sets and identify data patterns.

We predict that 2020 will bring in a host of new challenges for the medical device manufacturing industry in the form of:

• Data complexities
• Rise in competition
• Stringent regulations

With over 15+ years of experience in offering advanced marketing analytics solutions, our analytics experts have developed a comprehensive solutions portfolio that can help you extract more value from your investments by leveraging analytics at strategic points in the value chain. Request more information to learn more about our capabilities and analytics offerings.

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Explore our COVID-19 resource library for detailed analyst insights: https://bit.ly/2xcQsfI

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal

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