Jim Schoene, Director of Data Management & Analytics at Composites One, recently joined our panel to discuss how his team is addressing uncertainties in the supply chain and manufacturing industries while improving both financial and operational performance – highlighting the power of predictive analytics and the crucial role of timely, accurate data in shaping the future of supply chain management.
The Challenge: Unifying Disparate Data
Composites One is a leader in advanced composites distribution, serving as a primary source for a broad range of composite materials, and offering innovative solutions to manufacturers across North America.
Like many organizations, Composites One struggled with managing and accessing data across disparate sources, leading to inefficiencies across decision-making, delayed reporting, and a lack of cohesive insights. Their limited access to SAP data created gaps in essential reports, such as the SAP Aging report. To gather the right information, IT teams had to navigate multiple screens and write queries to extract data before it could be used. They needed a solution that unified their data sources, and gave them access to critical data as the business grew.
From complexity to simplicity
Composites One turned to Incorta for a comprehensive solution that streamlined their data processes. With out-of-the-box integration capabilities, Incorta simplified the extraction, transformation, and loading (ETL) process. The platform’s ability to handle complex data structures and provide real-time insights set it apart from other solutions.
One of the key use cases for Incorta was reducing aging and excess inventory. Amid supply chain disruptions and inventory challenges, Incorta enabled Composites One to visualize data across their SAP locations. The platform simplified access to SAP data by extracting and joining relevant data behind the scenes, delivering immediate value. This resulted in a 10%+ reduction in excess inventory. Another use case involved optimizing space and capacity within their warehouses, giving leadership clear visibility into resource utilization. Incorta helped streamline the management of 50K SKUs across 50 locations, improving warehouse operational efficiency and reducing inventory carrying costs. Additionally, Incorta made it easier to track sales trends, transforming period-over-period reports that previously took hours to compile into data that could be accessed in minutes.
Pioneering AI Strategies at Composites One
Beyond solving their initial challenges, Composites One now looks to Incorta as an AI-enablement engine for future strategic initiatives. Like many modernizing companies, they plan to launch AI initiatives to analyze external trends and their impact on internal operations, offering a sophisticated, forward-looking perspective that goes beyond traditional methods. While this capability isn’t expected to be implemented until 2024, it’s part of a long-term strategy aimed at transforming their approach to data analytics. Incorta is critical component in reducing the time and effort required for AI model training.
Composites One’s journey with Incorta highlights the transformative power of advanced analytics in supply chain management. Incorta simplified the process of integrating data from multiple sources, reducing costs, minimizing manual work, eliminating data silos, and freeing up teams to focus on strategic initiatives. By addressing the challenges of disparate data sources, Incorta has become a cornerstone in driving strategic decision-making for Composites One.
As industries increasingly rely on AI, Incorta’s ability to provide quick, detailed, and trustworthy data positions it at the forefront of supply chain analytics solutions.
Learn More
Discover how Composites One has leveraged Incorta to transform its data processes and watch Jim Schoene’s panel discussion on achieving excellence in supply chain and manufacturing. See Incorta in action by scheduling a demo and discussing how we can help revolutionize your strategy.