Client: Newsweek, a leading news magazine in the U.S. with a circulation exceeding 1.6 million, is known for its authoritative coverage of global events, technology, business, culture, and politics. With a rich history of delivering in-depth analysis and expert opinions, Newsweek remains a trusted source for readers seeking insightful perspectives on the issues shaping the world today.
Challenge: Newsweek sought to enhance its technology for monitoring paper procurement, inventory, and printer performance. The client approached SSI to design and implement a comprehensive solution to optimize their paper procurement processes.
Solution: SSI developed an integrated paper procurement and inventory management system, encompassing critical supply chain processes such as forecasting, procurement, tracking, inventory management, waste contract management, and BI & analytics. The solution consolidated data from all of Newsweek’s supply chain partners into a unified database, enabling both transactional and analytical functionalities. SSI’s expertise in Data Analytics was leveraged to incorporate advanced BI across the entire supply chain.
Result: SSI’s solution empowered Newsweek to reduce its inventory by 4 million pounds, driving an impressive cash flow boost of over $1.5 million through substantial cost savings.
