Responsive supply chain management
As Covid-19 restrictions caused wide-spread volatility, Slim4 allowed Springpack’s planning team to respond quickly to evolving market conditions.
By automatically recalculating the order advice as parameters changed, Slim4’s dynamic economic order quantity capabilities ensured Mark and his team could strike the right balance between flawless availability and optimised costs.
Mark states: “Slim4 helped us to balance inventory levels while keeping supply chain costs under tight control. By eliminating the guesswork from our ordering process, we are in a much better position to guarantee we hold the right stock at the right time.”
“Thanks to Slim4, we successfully overcame the disruption to improve service levels to 98% across our most important product lines. In a market like ours, where service is critical, this availability improvement is pivotal to building customer loyalty,” adds James.
In addition to improved service, Slim4 has also allowed the planning team to drive efficiencies throughout its inbound logistics operation. Using Slim4’s advanced container fill functionality, the planning team can now quickly optimise every supplier order with just the click of a button.
Mark explains: “With soaring freight costs and a global shortage of containers, it’s vital we make the most out of every order. By automatically considering the forecasted demand, order costs, lead times and the target service level for every SKU, our team can now order strategically to fill containers with the ‘right’ stock.”
“The ordering process is far more efficient. As a result, we carry far less excess and our stock turn has increased to over 4.8; exceeding our original target by 20%,” adds James.
Reduced carbon emissions
Highlighting how this leaner way of working supports the business’ wider sustainability goals, James states: “The operational improvements delivered by Slim4, in combination with our other initiatives, play an important role in helping us to attain our goal to become carbon neutral.”
One of the biggest benefits of Slim4 is that Springpack has attained a significant availability increase while reducing overall inventory levels.
Explaining the impact Slim4 has had on the business’ carbon goals, Mark states: “Since implementing Slim4, we have seen a significant increase in product availability. Ensuring customer orders are fulfilled on time & in full reduces backorders and therefore minimises the need for repeat deliveries reducing the overall number of truckloads.”
“By realigning inventory levels, Slim4 has helped us to hit our availability targets with less stock. As a result, we have reduced our external storage capacity by two-thirds. Furthermore, we have reduced internal transfers between our distribution centre and the external storage facility by 80%; reducing our carbon impact.”