Consumer Goods

Efficiently Building Quality Consumer Products through Predictive and Prescriptive Analytics

Gain illuminating insights with Lumivero’s software solutions to anticipate shifts in consumer preferences, supply chain challenges, and economic factors.

From Detergents and Toothpaste to Clothing and Sporting Goods, Lumivero Helps Improve Efficiency and Reduce Risk

Whether you work for Cummins, P&G, a consulting firm or a public agency, consumer goods manufacturers face more risk than ever before—supply chain issues, materials and product quality, and skilled labor shortages, to name a few.

Lumivero provides software solutions that consumer product manufacturers use for robust analytics such as Monte Carlo simulation, optimization, decision trees, sensitivity analysis, and predictive data analysis — without requiring a statistical analytics degree

Supply Chain Management

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. 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.
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Operational Optimization

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.
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Engineering Reliability

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.
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Consumer Research

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.
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Additional Benefits for Consumer Goods Manufacturers

Price and Currency Hedging

Mitigate exposure to commodity price volatility through an optimized options and futures strategy that accounts for uncertainty.

And Much More

From product lifecycle analysis to Six Sigma quality control and everything in between, Lumivero’s software solutions are used to address a wide range of manufacturing challenges.

FAQS

Everything You Need to Know 
to Elevate Your Research

How does Lumivero help those in the Consumer Goods industry create impact with their data?

Lumivero provides software solutions that consumer product manufacturers use for robust analytics such as Monte Carlo simulation, optimization, decision trees, sensitivity analysis, and predictive data analysis to Microsoft Excel all while helping to improve efficiencies and reduce risk.

How are risk mitigation strategies used in the supply chain industry?

Predictive data analysis and Monte Carlo simulation tools help firms to identify potential high-risk areas and then optimize and create mitigation strategies to minimize failure points and maximize the probability of deliveries.

What is the role of quantitative analysis in quality control?

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 numerous quantitative analysis tools 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.

Featured Case Studies

Procter & Gamble Uses @RISK and PrecisionTree World-Wide

P&G trained over a thousand people throughout the company on @RISK for modeling its entire range of investment decisions including new products, geographical expansions, manufacturing projects, and production siting.

Unilever Uses Lumivero’s DecisionTools Suite Software to Inform Decisions on Innovation

Unilever selected Lumivero’s DecisionTools Suite as the principle analysis software to support its Decision Making Under Uncertainty process and decision-focused culture due to its flexibility and ability to do Monte Carlo and decision tree analysis.

Lumivero Combines @RISK and Custom Services to Help Amway Improve Capacity Planning

When global direct sales giant Amway prepared to get even bigger, their Industrial Engineering team called on Lumivero to create a strategic tool based on @RISK to improve a crucial aspect of their business – long-range capacity planning for their extensive manufacturing operations.
“Lumivero’s DecisionTools Suite was the tool that best met our business requirements. As a result, it has played a key role in increasing the quality of decision-making and helping project teams to think clearly, act decisively, and feel confident.”

Andrew Evans
Decision Analyst, Unilever
"It is crucial to develop strong risk forecasting and risk analysis through all of these methods – it helps influence the actions we can put in place towards risk, such as risk avoidance, impact mitigation, and the preparation of facilities. @RISK is a critical part of that process."
Dr. Masaru Tezuka
Planning Department Research Division Head,
“We've trained well over a thousand people throughout the company on @RISK, and PrecisionTree is really powerful for our company..”



Bob Hunt
Associate Director for Investment Analysis,
Procter & Gamble

Improve Efficiency and Quality While Reducing Risk

From product lifecycle analysis to supply chain management to quality control and everything in between, Lumivero’s solutions are used to address a wide range of challenges for consumer goods manufacturers.
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