NTN Mexico optimizes inventory management and boosts sales with Oracle Cloud
The bearing manufacturing company adopts Oracle Fusion Cloud ERP and SCM to reduce obsolete inventory and improve operational visibility.
“With Oracle ERP and SCM, we access detailed, up-to-date inventory information quickly and easily, simplifying our decision-making and empowering our responsiveness to market demands and our customers' needs.”
NTN Mexico is a leader in the ball bearing market for the automotive segment, with an additional presence in the mining, agricultural, and heavy equipment industries. The company struggled with its materials planning and logistics processes, which lacked accuracy and resulted in unrealistic and varied forecasts. This made it difficult for NTN to optimize inventory management and meet the demands of its customers. The company selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Supply Chain Management (SCM) for their ability to bring multiple product demands and processes together on a single platform and improve forecast accuracy. With Oracle, NTN improved the visibility of item records and reduced outdated inventory from 12% to 8%, boosting financial performance and enabling more comprehensive product, investment, and expense planning.