LONDON--(BUSINESS WIRE)--Global analytics and advisory firm Quantzig recently completed a research project for a major professional engineering services provider in order to synchronize its workforce allocation with corporate goals, thereby improving productivity and reducing labour costs.
Engineering services include project management, construction design and management, industrial process design, systems engineering, and maintenance and operations. There has been a surge in both the speed and volume of data in this area due to technological advancements, necessitating the use of industrial manufacturing analytics solutions. These solutions help engineering services providers to reduce manufacturing costs and time, predict plant and equipment maintenance issues, optimize service activity flow, and identify opportunities for revenue.
The purpose of the research project was to achieve synchronization between the client’s corporate sales forecasts, labour plans, and budgets and its ground staffing, scheduling, and the operational needs of individual plants, work floors, and work centres. To find a solution, Quantzig’s industrial manufacturing experts utilized forecasting and regression models, workforce analytics, and payroll management, taking a bottoms-up framework and factoring in the individual needs of each plant, work centre, and workload driver. This approach resulted in cost savings of USD 18 million.
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Quantzig’s industrial manufacturing portfolio
The industry is heavily driven by technological innovation, scientific planning, and resource utilization strategies. There has been a significant surge in data across the value chain and areas of business. Quantzig’s industrial manufacturing data-driven solutions help companies adapt to the changing market landscape, enabling them to optimize manufacturing and business practices, increase revenue flow, and make informed business decisions.
Solutions Provided by Quantzig
- Engineering Analysis
- Operations Planning
- Order Management
- Inventory Planning and Optimization
- Demand Planning and Forecasting
- Payroll Functions
- And many more
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Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 12 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of about 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantizg’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.