Requit
Requit is one of the leading producers of engines used in both military and private aviation transport. Requit operates in over fifty countries, thriving to design and produce high-performance engines for defense and some of the world’s major commercial aircraft manufacturers, as well as promoting operational excellence and innovation in the aviation industry.
| We have benefited from Elicit Technology’s skills and modern solutions for our worldwide supply chain. When integrated with CargoWise, their implementation went smoothly, resulting in improved real-time visibility, fewer costs, and more productivity. Adams Director |
Challenges Faced
Recquit, like any other very large organization, faced huge supply chain challenges due to the complexity of its business. Because they had thousands of engines used around the world, they needed complete end-to-end supply chain visibility as well as a fully digital supply chain. The specific challenges include the following:
Lack of Integrated Supplier Management: Having many suppliers all from different areas of the world, booking creation, performance, as well as compliance issues, became difficult undertakings.
Fragmented Supply Chain Visibility: The lack of a centralized system also made it hard to manage both incoming and outgoing transport, and time consumption and expenses increased significantly.
High Costs and Inefficiencies: Premium airfreight was expensive, highlighting the importance of controlling costs and evaluating service performance.
Complex Communication and Management: Without a supply chain in the other country/region, country/regional-specific operations could not communicate and operate together.
Solution
To tackle these difficulties, Requit partnered with Elicit Technology and chose CargoWise, which helped make Requit’s supply chains more efficient and effective. Important activities comprised:
Supplier Management Integration: As Requit’s supplier management system, Elicit Technology implemented CargoWise integrated services for supplier booking, performance, and compliance.
Digitalization Program: The strategy of digitalization was applied comprehensively so that the ultimate vision, which connected all the representatives of the supply chain, could be obtained.
Exception Management and Alerting: The maturation of a sound exception management and alerting mechanism enhanced the effectiveness of managing disruptions.
Centralized Communications and Control Towers: Centralized communication and management made it possible to run operations round the clock for 24/7 access.
Cost and KPI Dashboard: Additionally, the costs were tracked through the creation of a dashboard that provided better decision-making and tracking of the company’s important indicators.
Results
Cost Savings: Implementing a pre-approval process resulted in a 55% reduction in premium airfreight expenses, saving the firm.
Enhanced Supply Chain Visibility: All goods in the global supply chain were synchronized, and all areas now work under a single protocol.
Successful Supplier Onboarding: There were 510 suppliers involved across 10 plants, with many of them effectively onboarded to increase transportation and demand.
Mode Change for Out-of-Gauge Shipments: OOG shipments were rerouted from air to ocean transport, and via improved packaging techniques, OOG cargoes were reduced and converted into in-gauge shipments.
Centralized Management: A cost and KPI dashboard improved visibility of cost and operational performance, allowing for real-time cost control.
Conclusion
To be more precise, Elicit Technology-assisted Requit, the business that employed the CargoWise integration, to resolve supply chain problems. The adoption of integrated solutions and digitization initiatives resulted in enhanced cost efficiency and visibility.
Make a request right now to learn more about the advantages of an ideal, paperless supply chain that enables global operations and establishes a foundation for future growth and viability in this highly competitive field.
