Created an integrated supply chain planning platform for its consumer mobile phones and accessories business. Called OnePlanning, the platform unifies previously fragmented business processes to provide a single source of truth and uses artificial intelligence (AI) and machine learning to enable proactive decisions allowing Verizon to mitigate supply disruption, optimize inventory, and save millions of dollars in capital spending without compromising customer service or partner relationships. Verizon’s OnePlanning program uses AI and machine learning to raise its supply chain system’s accuracy. It incorporates advanced statistical models, predictive analytics and end-to-end automation to calculate inventory targets, optimize inventory and deliver faster, more accurate decision making. TM Forum’s Business Process Framework (eTOM) and Open APIs provided common vernacular, flexibility and extendibility to business process management towards enterprise-wide standards, simplified business processes, and interoperability among partners.

Outcomes

One Planning has improved supply chain data integrity and accuracy

It has improved customer experience by providing just in time delivery to retail locations across the US

 


The forecast accuracy for mobile phones have improved by a staggering double digits, leading to lower inventory levels and more optimal buying and replenishment at retail stores.

 


The Jio NMS is fault tolerant by design, so stays operational

99.999%

of the time.

Jhuma Nath, Verizon

Director, Corporate Systems Group

“We had to reduce working capital, transportation costs and warehouse costs without compromising on-time availability, service levels and customer satisfaction. The way the platform is built there are lots of hooks in place if we need to put in advanced algorithms and machine learning, positioning us for the next five to ten years.”

When Verizon set about overhauling its supply chain unit for mobile phones and accessories it used AI and machine learning to create a smarter, integrated, more automated system that could anticipate supply chain disruptions more quickly and allow Verizon to optimize inventory and customer experience. Prior to deploying OnePlanning many of Verizon’s supply chain processes were manual and transactional and plans often relied on a large amount of manual assumption and computation, making it difficult to quickly create accurate forecasts, especially given the size of Verizon’s business. Before the introduction of OnePlanning, Verizon’s supply chain was managed via an array of business processes and tools. Business teams had to grapple with decentralized data sources to gain a complete picture of available inventory, spending more time on handling data. They also lacked the right tools for simulation and scenario planning, leaving decision-making up to individual planners, who each possessed different knowledge, skills, and experience. The OnePlanning program, therefore, set out to remove silos and create an integrated system that gave all team members a single source of truth based on accurate data. Verizon took a multi-pronged approach to build an end-to-end, automated supply chain system that gives planners real-time visibility of accurate data and allows them to experiment with different scenarios and adjust outcomes. They transformed and automated business processes across the board, including the key areas of product lifecycle management, inventory planning, forecasting, and supplier integration.  OnePlanning has also dramatically altered Verizon’s ability to perform scenario planning. Planners can now tap into simulations of real-world scenarios and see in real-time how changes would impact demand, supply, or inventory and then use the information to make decisions and when dealing with partners. In addition to enabling automation, the new system draws advanced statistical modeling, predictive analytics , and machine learning algorithms to drive greater accuracy and improve the intelligence that planners have at their disposal.

TM Forum assets used

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