Denbury Return on Investment following implementation of MiLi
Key Takeaways
⇨ Optimised reorder points reduce inventory costs and improve supply chain efficiency.
⇨ Automated procurement processes lead to faster lead times and cost savings.
⇨ Tailored solutions deliver rapid improvements in supply chain management.
Denbury, an energy company focused on enhanced oil recovery, partnered with Lexin Solutions to optimise its maintenance, repair, and operations (MRO) supply chain. The implementation of Lexin’s MiLi software led to dramatic improvements in lead time monitoring, inventory management, and procurement processes.
MiLi’s automated lead time updates resulted in a 58% reduction in MRP exceptions and a 73% decrease in late deliveries within just 30 days. Additionally, Denbury reduced its minimum stocking levels by $3.8 million, achieving a 16% reduction in baseline inventory and lowering carrying costs by 20%.
This case study highlights how Lexin’s innovative approach to MRO supply chain management can deliver rapid, measurable results, driving efficiency and cost savings across an organisation’s operations.
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