Radix Analytics Pvt Ltd

Procurement & Production Planning

Radix Analytics Pvt Ltd > Mathematical Optimization > Procurement & Production Planning

Issues & Objectives

  • One of world’s largest primary cocoa manufacturer having 60+ plants across the globe
  • Procures cocoa beans from across the globe and supplies cocoa butter, liquor and cakes to all large brands across the world
  • Objective was to minimize the cost of procuring & storing cocoa beans While ensuring that sales forecasts, and sales orders, as they get confirmed are met

Results

  • Reduced stock from 24 months to 7 months while always ensuring at least 3 months’ buffer for procurement time of 1 – 3 months
  • Consistently met quality requirements
  • Reduced unusable old beans stock to Zero

Project information

Techniques

Mathematical Optimization

Client

Large Cocoa Manufacturer

Industries

Supply Chain & Retail

Location

Singapore

Challenges

  • Large number of recipes
  • Converting monthly to daily production plan imposes practical limitations

Solution

  • Propose the following while meeting quality requirements
  • Annual Procurement Plan: minimize cost of produce, transit and holding and meeting sales forecast
  • Monthly Production Plan: meet monthly demands of cake, butter, liquor and powder
  • Daily Production Plan: meet daily sales demand and ensure maximum utilization of lines

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