Higher service levels with less stock

For the industrial components sector, inventory management is often hampered by the large number of different parts in the portfolio. The biggest challenge in both manufacturing and wholesale is price pressure, due to internet transparency on the one hand and cost increasing trends, such as a wider product ranges, higher required service levels and Value Added Logistics activities, on the other. Slim4 starts where ERP software stops: finding the balance between customer service and optimised stock level.

Slim4 shows which exceptions to manage

'Management by Exception' enables buyers and planners to concentrate on articles with unexpected demand spikes. For example, the multi-metal distributor Klöckner & Co. reduced stock levels and improved efficiency by adding Slim4 to its ERP system. The tool provides the purchasing department with all required information, six times faster than before. As a result of this, new opportunities were identified and the purchasing frequency for many items changed, decreasing stock levels by 30%.