Company Profile
Tapecon, Inc. is a printing services company that develops diverse application solutions tailored to the unique needs of the healthcare and life sciences industries. From wearable technology for patient monitoring to custom components for medical devices, Tapecon’s products are designed to enhance functionality and improve patient outcomes.
Situation
Due to increasing diversity of revenue sources, Tapecon’s inventories were growing beyond desired levels. The methods used to estimate future requirements and trigger component purchasing were not well aligned with market intelligence on future demand.
Solution
A team of Tapecon subject matter experts worked with Insyte’s partner, TDO, to map the current sales & operations planning process, identify process improvement opportunities, and implement process changes.
The team developed and piloted several new tools to more closely align expected future demand with purchasing requirements.
Results
- Deeper understanding of the Sales & Operations Planning process.
- Updated planning tools to:
- Estimate demand using both historical sales and market intelligence.
- Plan component requirements using updated demand projections.
- Piloted a monthly planning process that connects demand and supply planning resources.
- Reduced inventory of key components by 30%.
- No additional operating costs.
