Altum
Efficient Inventory Management for the Pharmaceutical Company
How Streamline optimized operations for the Australian Medicinal Cannabis Producer
About the client
Altum was founded to bring the life-changing benefits of cannabis back to the Asia-Pacific region. The company entered the Australian medical market with brands like Budi and Kind. Committed to improving access to innovative treatments, Altum continues to expand its reach and provide high-quality cannabinoid-based treatments to support better health and well-being.
Challenge
Altum faced increasing difficulties managing inventory with Excel spreadsheets. As the business grew, these spreadsheets became larger and more time-consuming to maintain. The need for a centralized system that could integrate data from their ERP and provide accurate forecasting became critical to improve operations and efficiency.
Project
Altum implemented Streamline with the goal of centralizing all operational data, enhancing forecasting accuracy, and optimizing inventory levels. The chance of having all the data of their ERP and forecast in one place was the key feature that attracted the company to Streamline. The implementation process was seamless, thanks to Streamline's team thoroughly understanding Altum's unique operational processes. Their proactive approach and dedication to ensuring everything ran smoothly made a big difference in the success of the implementation.
A key challenge during implementation was managing consignment transactions, which closed at the end of each month. Streamline addressed this issue by adapting the system to accurately reflect these transactions without requiring Altum to change their processes.
Outcomes
The successful deployment of the planning solution transformed Altum's supply chain operations, resulting in significant benefits for the company:
Faster Forecasting: Within one week of implementation, Altum experienced a significant reduction in the time required to develop forecasts and plan ordering sessions.
Operational Efficiency: Streamline's centralized platform improved data accuracy and visibility across departments.
Process Integrity: The implementation required no changes to existing processes, ensuring a smooth transition.
Expert Support: The Streamline team provided ongoing support and insights, ensuring optimal system setup and operational understanding.
We highly recommend Streamline for its seamless implementation, excellent team and the significant improvements in efficiency. Streamline solution addressed our challenges, and the support was exceptional.