When supply chains become unreliable, product manufacturers can find themselves at serious risk of failing to fulfill orders and seeing retailers re-allocate their spots on store shelves. One related risk is product defect liability as sub-standard raw materials can lead to lower quality finished products. Furthermore, labor shortages can arise with strikes or as a result of geopolitical events. With Lumivero’s software solutions, firms can optimize multiple suppliers to minimize failure points and maximize the probability of deliveries, as well as identify high-risk areas in the supply chain that require mitigation strategies.

Producing the optimal levels of production and inventory is a balancing act for goods manufacturers. Make too much, and you end up cutting prices to move it—make too little, and revenue slips through your fingers. Lumivero’s software solutions help you manage inventory more effectively, improve capacity planning, and schedule workforces more efficiently, as well as reduce time to market and improve delivery rates.

You can’t reach your target production and inventory levels of your equipment if you depend on ill-maintained machinery—or if it causes even one worker accident. Lumivero software solutions can provide you insights into confidence levels around the risk of equipment failure or safety violations, letting you identify areas of weakness to ensure quality results and prevent failures.

Feedback from real-life users is critical before, during and after the product development process. How else will you know what consumers want—or will want next—from you? Lumivero’s software solutions simplify and sharpen data analysis, showing you patterns and trends that are typically difficult to discern from qualitative data. Lumivero’s software solutions can help you present your data-backed recommendations to guide product managers and top executives.