Another key area to address was identified in relation to manufacturing/stock level prediction. This was identified as particularly difficult given the nature of the different market territories with regard to language and legislative requirements. The traditional high stock levels required to meet these demands – multiple varieties of product packaging/labelling – resulted in complex production/packaging/distribution logistics. The facilitated ideation with the company identified the need for a universal packaging design which will result in a decrease in stock hold, which equates to a significant financial cash flow release and more streamlined operations. This phase of design is currently underway supported by a second innovation voucher.
The company has evaluated and revised roles to support current growth trends. The design of a universal bucket/packaging is underway which will result in a significant reduction in stock levels and increase the production capacity to meet future growth needs. A strategic roadmap has been formulated which provides steps of implementation, time frames, supports required, key decisions and milestones for the overall future growth and NPD for Joint-It.
CERENOVUS