Solution: They implemented an SI&OP (Sales, Inventory & Operational Planning) process, choosing ToolsGroup as their forecasting and inventory optimization platform. It provided a powerful statistical forecasting engine to handle their wide product variety and an excellent platform for planners to add market intelligence. And, added the SCP director, "It does not require an expert in statistics to use."
Results: The ROI was incredibly fast, cutting $3 million the first 3 days. According to the SCP director, "In one week I was able to recalculate new forecasts and safety stocks, cancelling out over $3 million of new purchases. And that inventory stayed out of our business!"
About the Solution Provider: ToolsGroup's "Powerfully Simple" supply chain planning software helps our customers achieve reliable forecasts and inventory targets for controlling volatile supply chains and delivering "service level excellence". We are successfully deployed globally at 250+ companies in 31 countries on a variety of platforms, such as SAP, Dynamics and Oracle.
Enjoy curated articles directly to your inbox.