Informed decision making
Thanks to the forecasting capabilities of Slim4, the team at Nortek can anticipate demand with far greater accuracy. Furthermore, through utilizing the simulation functionality within Slim4, Richard and his team can see how decisions may affect their operation. “Through simulating the likely impact of business decisions, we can explore several different avenues and thus make many better-informed decisions,” explains Richard. This has enabled the team at Nortek to reduce the amount of time spent firefighting: “We now utilize these time savings to explore why issues occur and then work with both suppliers and other teams within the business to overcome them and thus continually improve the performance of our operations.
“With the insights and times savings delivered by Slim4, we have been able to increase availability to over 99% across the entire range without having to increase our stock investment: something which would not have been possible in the past. We have been impressed with the results achieved with Slim4 so far, and we are now looking at how we could automate purchase forecasts to improve supplier relations. Given the success we have already achieved with the help of Slimstock, I have no doubt we will achieve our future inventory goals.”