DaimlerChrysler Corporation's Mopar Parts Group -- the primary distributor of parts and accessories for all Chrysler, Dodge and Jeep dealerships worldwide -- is using supply chain performance management software from SeeCommerce to manage more than 280,000 original equipment service parts, and process over 200,000 dealer order lines per day.
Recently, Mopar began using the SeeChain 5.0 Consignment Inventory Module to address offsite storage problems. Within six months, SeeChain has enabled Mopar to improve its inventory record accuracy from 42% to 95% at over 19 supplier locations. As a result, Mopar has virtually eliminated inventory write-offs for lost and missing stock at these locations.
The SeeCommerce has enabled Mopar to improve inventory record accuracy for consigned inventory that is maintained at supplier locations, explains Jerry Quell, senior manager of inventory management for the Mopar Parts Group. "By bringing difficult to manage off-site materials under the same inventory control system we use for parts stored in our distribution centers, the solution has allowed us to eliminate inventory write-offs for lost and missing stock."
To prevent large and sudden financial write-downs associated with unexpected excess inventory and revenue/market share losses caused by material shortages, the SeeChain Consignment Inventory Module enables companies to bring off-site inventory within the purview of their existing inventory control process. Managers are automatically alerted when performance thresholds for consigned inventory are violated. The SeeChain alert contains links to root cause data that enables managers to address impending shortages or overstock conditions before they can negatively impact business performance.