CONSULTING
SOLUTIONS
PARTNERS
RESOURCES
CORPORATE
Twitter Facebook LinkedIn
Email [email protected]
Phone +1 713.457.7474

RESOURCES CATEGORY: Manufacturing

JB Poindexter makes substantial hardware cost savings thanks to IBM Cognos Express

NWS

With help from IBM Cognos Express and PREDICTif Solutions, JB Poindexter and Co. was able to upgrade, consolidate, and standardize their diverse reporting systems, saving at least $50,000-75,000 a year in hardware costs, and increasing productivity by 100-125%.

CUSTOMER:

J.B. Poindexter & Co., Inc. is a privately held diversified manufacturing company with operating subsidiaries engaged in the production of commercial van bodies, step-vans, funeral coaches, limousines, mid-sized buses, pick-up truck bed enclosures and tonneau covers, precision machined components and expandable foam plastics.

The company operates with a decentralized management and operating structure. Subsidiaries have complete operational, financial and administrative responsibility, with professional and executive management support provided by the corporate staff.

“The highly knowledgeable consultants at PREDICTif understand business intelligence. That’s why they recommended IBM Cognos technology to fit our business needs, technology that we are very happy with. IBM Cognos is intuitive, can be owned and managed by the business, and has amazing reporting, planning, and dashboard features. It also happens to be one of the best bargains on the market.”

Jay Krishnamurthy Vice President-IT, J.B. Poindexter and Co.

CHALLENGES

J.B. Poindexter & Co. has grown significantly in the last few years, acquiring six separate business units. As each unit maintained its own staff, product lines, customers, as well as its own ERP system, reporting processes were difficult to manage. The business and corporate units had limited visibility into crucial arenas, such as performance at plant levels, costs, margins, overhead, material savings, etc. Due to the nature of their sustainable growth, they lacked consistency in information and standardization processes.

In addition, the information reporting and planning processes that were in place were antiquated. With manual and laborious systems in place that included spreadsheet formatting, crucial business information was often inconsistent and difficult to come by in a timely manner.

J.B. Poindexter & Co. needed away to upgrade their system into an automated, consolidated, and standardized. That way, corporate and business units would be able to quickly and easily view crucial information at both a detailed and broad level, allowing them to manage effectively and respond to any potential problems or risks immediately.

APPROACH

  • Leverage PREDICTif’s recognized experience and expertise to implement a business intelligence solution tailored to JB Poindexter and CO.’s needs.
  • Purchase multiple IBM Cognos Express modules.
  • Consolidate, standardize, and automate reporting and forecasting processes across all distinct business and corporate units.

RESULTS

  • Implementing IBM Cognos and PREDICTif services, provided end users with an intuitive budgeting, forecasting, and reporting solution with BI capabilities.
  • Created a system of easy-to-understand dashboards that automatically provide critical information across all business units, allowing management and corporate to assess performance and risk in a timely manner.
  • Implemented a cost-effective solution, saving $50-75,000 a year in hardware costs alone.
  • Eliminated the need for report builders by empowering end users with an easy-to-use system.
  • Allowed IT staff to focus on IT needs instead of spending several hours a day loading data and fixing reporting issues.
  • Increased productivity by 100-125%.
  • Reduced time to deliver manual reports by well over 200%.

BENEFITS AT A GLANCE

  • Upgrade and consolidate budgeting, forecasting, and reporting systems into one easy-to-use solution, IBM Cognos Express.
  • Using IBM Cognos Express, significantly reduce manual reporting from the separate business units by over 200%.
  • Generate consolidated, standardized reports that include product line costs and margins, fast and efficiently to make better business decisions.
  • Create easy-to-use reporting dashboards across all business units and corporate units, so that all levels of management can assess performance and risk in real time.
  • Increased productivity by 100-125%.
  • Employ PREDICTif Solutions  consultants to install a cost-effective solution, and even complete phase one of the project early and on-budget.
  • Leverage PREDICTif’s proven expertise to build a solution specifically tailored to J.B. Poindexter’s needs.

Electronics Distributor Solves Migration, Logistics and Billing Problems

NWS

A major independent electronics distributor solves migration, logistics and billing problems with performance management.

CUSTOMER:

A leading, global independent distributors of semiconductors, electronic components, and computer products to the world’s major manufacturers

REQUIRED CAPABILITIES

  • Single-version of truth
  • Interactive reporting
  • Operation and finance dash-boarding
  • Real-time data access

CHALLENGES

This multinational organization relies on the ability to quickly and accurately report, analyze, plan and forecast across its entire global enterprise. On time delivery of components to customers is a critical business event for the client and a principle reason why the client is a leading company in the electronics distribution industry.

The analysis of continuously changing operational data is routine; planning and developing “what-if” scenarios for operations and logistics must be conducted not just annually, but on a daily and weekly basis. Data from multiple sources is constantly being entered by myriad users; the data is then manipulated and accessed as orders are placed to buy, sell, and deliver electronic components around the clock through numerous global offices and warehouses.

 

  • A lack of transparency into freight data lead to significant billing allocation issues, a lack of control over expenses, and delays in internal departmental’ budgeting. The customers standard reports only enabled limited visibility into the business leaving key insights buried;
  • Significant opacity into actual freight costs developed because of the multiple sources and means by which charge data were handled;
  • There was concern over the continuity of knowledge and information at both inter- and intra-department levels. Additionally, knowledge and data sharing were limited and as a result, hindered productivity and responsiveness;
  • Due to the absence of a BI platform, freight and inventory levels along with their associated costs were extremely difficult to manage effectively due to the lack of real-time interconnectivity of data across departments as well as locations; and
  • The business stake-holders did not have visibility into the inventory and freight related data;
  • Accurately planning and forecasting based on available data was becoming an impossible task to accomplish because of the number of disparate data sources; and
  • There was increasing concern over data validity due to data opacity;
  • Data opacity and resulting billing problems were estimated to be costing the client one-half of a million dollars in 2007.

SCOPE

The initiative is to deliver an end-to-end enterprise performance management (EPM) solution to increase cross business unit data sharing and as a result, enhance the customer’s agility to maximize short- and mid-term market opportunities given the real-time nature of the client’s business.

 

  • Delivered an end-to-end EPM solution, its accompanying infrastructure and data integration services;
  • Integration of the Accounting and Finance Departments with that of Operations in order to improve strategic planning, forecasting (including rolling forecast capabilities), analytics and various reporting for freight and inventory;
  • Provide real-time internal data for financial and operational planning to reduce data latency and accelerate response time-to-market opportunities;
  • Establish mechanisms for knowledge sharing to increase productivity of the workforce;
  • Addresses BI performance issues resulting from disparate systems that were not interconnected;
  • Provide back up and lock down document functionality that traditional spreadsheets are not capable of;
  • Resolve conflicting cross-departmental data issues to simplify Inter-department reporting; and
  • Establish a single version of truth by implementing a suite of tools for use in extracting, reporting, analyzing and forecasting the existing data while at the same time, compiling and cohering that data

SOLUTION

PREDICTif was chosen first to evaluate a number of technologies to be used for the initiative. After a careful product selection process, IBM’s Cognos tool set was selected due to its capabilities that allowed for real-time data drill-down and analyses, rolling forecasts, multi-level management tasking, visibility, interaction across departments and management levels.

 

PREDICTif then architected, designed and implemented a solution to address a set of logistics and billing related issues based on PREDICTif’ proven BI and EPM solution offerings. PREDICTif’s ability to provide an immediate implementation of Cognos TM1 mapped to a short-term scalable plan was of paramount importance to the customer as short term return on investment was a critical variable in the decision making process related to engaging with a solutions provider.

 

The PREDICTif team, comprised of financial and operational business experts, Data and BI solutions architects, along with PMI® certified consultants, adopted a proven project delivery methodology. The methodology consists of three main phases: Foundation, Implementation and Evolution. The Foundation Phase establishes the project readiness in terms of people, infrastructure and processes. The Implementation Phase entails a typical project lifecycle that constitutes many steps including requirement gathering, design, development, testing and deployment. The Evolution Phase establishes the customer’s self sufficiency in terms of the abilities to support, maintain and upgrade the delivered solution.  The solution provided:

 

  • Real-time access to multiple data sources from a single point
  • Agile forecasting and reporting
  • Product specific drill-down capabilities
  • Multi-level management reach and connectivity
  • The interconnection of operational and financial data across multiple departments
  • The ability for Client executives along with managers across departments to interact and manipulate data collaboratively, approve or amend changes, forecasts, and formulate budgets in real-time

 

RESULTS

PREDICTif established an IBM Cognos BI and TM1 infrastructure that the customer uses to enhance their operational excellence processes in order to drive maximum business value.

 

  • Delivered an IBM Cognos TM1 user-friendly Freight Analysis Model that was first deployed on a 32-bit environment and later upgraded to a full 64-bit environment for enhanced performance;
  • Created a new suite of analysis, forecasting, and reporting tools providing visibility into the inventory and freight data across multiple dimensions. This transparency allows executives and managers to connect different data elements in order to meet various business needs, such as allocating freight costs to different parties as well as building strategic plans and forecasting with precision;
  • Offered end users the ability not only to view and analyze reports, but also to accurately view the impact of changes to freight and inventory mix and thereby create rolling forecasts to better manage operations and budgets;
  • Achieved improved ROI as a result of enhanced analytic capabilities, forecasting and reporting across the enterprise because the data is no longer opaque;
  • Ushered in a new dimension of responsiveness by delivering a flexible, real-time environment for the organization in order to perform multiple business functions and improve strategic planning in real-time for immediate and future cycles.
email [email protected]
phone +1 713.457.7474
Twitter Facebook LinkedIn
© PREDICTif Solutions. All rights reserved.