Extending the benefits of financial planning and analytics beyond the finance department
Company Size
1,000+
Region
- America
Country
- Canada
Product
- IBM Cognos Controller
- IBM Cognos Disclosure Management
- IBM Cognos TM1
Tech Stack
- Analytics
- Forecasting
- Financial Consolidation
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Analytics & Modeling - Predictive Analytics
- Analytics & Modeling - Real Time Analytics
Applicable Functions
- Discrete Manufacturing
- Procurement
Use Cases
- Manufacturing System Automation
- Predictive Maintenance
Services
- Data Science Services
About The Customer
Kruger Inc. is a diversified Canadian industrial products company, active in sectors such as pulp and paper, tissue products, containerboard and corrugated packaging. The company has also become a major provider of renewable energy, wines and spirits, recycling services and biomaterials. As a diversified manufacturing business, Kruger’s success depends on managing orders, raw materials and production as efficiently as possible. In recent years, Kruger’s finance team has invested in analytics tools to help it to control costs and maximize profitability. It uses IBM® Cognos® Controller for fast, accurate financial consolidation, and IBM Cognos Disclosure Management for standardized financial statement reporting.
The Challenge
Kruger Inc., a diversified Canadian industrial products company, embarked on a project to enhance budgeting and forecasting in its containerboard division. The company realized that analytics could also help to drive operational efficiencies for the business. For Kruger’s containerboard division, 80 percent of costs relate to the raw materials required to manufacture its products. Controlling these costs requires a highly efficient forecasting process – as well as an efficient production line. The company needed a solution that could provide deep insight into both financial and operational data to meet these challenges.
The Solution
Kruger worked with Globalsult, an IBM Business Partner and analytics specialist, to build a new budgeting process using IBM Cognos TM1® software. The solution provides deep insight into demand trends, product performance and materials costs. It also enables “what if” analysis of exchange rates, which can have a significant impact because Kruger imports raw materials and exports products across the Canada-U.S. border. During the project, the containerboard division also requested a new tool for analyzing orders by customer and by salesperson, and understanding which orders were assigned to which machines on the production line. Cognos TM1 was an ideal platform for this tool, and Globalsult was able to deliver it quickly.
Operational Impact
Quantitative Benefit
Case Study missing?
Start adding your own!
Register with your work email and create a new case study profile for your business.
Related Case Studies.
Case Study
Remote Monitoring & Predictive Maintenance App for a Solar Energy System
The maintenance & tracking of various modules was an overhead for the customer due to the huge labor costs involved. Being an advanced solar solutions provider, they wanted to ensure early detection of issues and provide the best-in-class customer experience. Hence they wanted to automate the whole process.
Case Study
Predictive Maintenance for Industrial Chillers
For global leaders in the industrial chiller manufacturing, reliability of the entire production process is of the utmost importance. Chillers are refrigeration systems that produce ice water to provide cooling for a process or industrial application. One of those leaders sought a way to respond to asset performance issues, even before they occur. The intelligence to guarantee maximum reliability of cooling devices is embedded (pre-alarming). A pre-alarming phase means that the cooling device still works, but symptoms may appear, telling manufacturers that a failure is likely to occur in the near future. Chillers who are not internet connected at that moment, provide little insight in this pre-alarming phase.
Case Study
Plastic Spoons Case study: Injection Moulding
In order to meet customer expectations by supplying a wide variety of packaging units, from 36 to 1000 spoons per package, a new production and packaging line needed to be built. DeSter wanted to achieve higher production capacity, lower cycle time and a high degree of operator friendliness with this new production line.
Case Study
Robot Saves Money and Time for US Custom Molding Company
Injection Technology (Itech) is a custom molder for a variety of clients that require precision plastic parts for such products as electric meter covers, dental appliance cases and spools. With 95 employees operating 23 molding machines in a 30,000 square foot plant, Itech wanted to reduce man hours and increase efficiency.
Case Study
Aircraft Predictive Maintenance and Workflow Optimization
First, aircraft manufacturer have trouble monitoring the health of aircraft systems with health prognostics and deliver predictive maintenance insights. Second, aircraft manufacturer wants a solution that can provide an in-context advisory and align job assignments to match technician experience and expertise.
Case Study
Integral Plant Maintenance
Mercedes-Benz and his partner GAZ chose Siemens to be its maintenance partner at a new engine plant in Yaroslavl, Russia. The new plant offers a capacity to manufacture diesel engines for the Russian market, for locally produced Sprinter Classic. In addition to engines for the local market, the Yaroslavl plant will also produce spare parts. Mercedes-Benz Russia and his partner needed a service partner in order to ensure the operation of these lines in a maintenance partnership arrangement. The challenges included coordinating the entire maintenance management operation, in particular inspections, corrective and predictive maintenance activities, and the optimizing spare parts management. Siemens developed a customized maintenance solution that includes all electronic and mechanical maintenance activities (Integral Plant Maintenance).
