Slimstock welcomes DEP Engineering Co.Ltd Thailand
How can we reduce inventory, free up working capital and meet our customers’ requirements at the same time? These where a few of the questions DEP Engineering Co. Ltd, part of the Sonepar group, was keen on answering.
DEP Engineering was established in the year 1994 and started as an electrical distributor with a commitment to offer only high quality products with the best possible service. The company is one of the leading electrical equipment businesses in Thailand.
Inventory Management Solution
With Slim4, the inventory management solution of Slimstock, DEP Engineering is able to manage their inventory much more efficiently. Taking away the struggles which are related to both managing retail and project related sales within one single company. Slim4 enables the company to optimize its safety stock as both project and retail related sales are combined.
Slimstock’s inventory management software automatically applies forecasts, calculates safety stock levels and determines order quantities in order to meet the required service level. Furthermore, the system is based on the ‘Management by Exception’ philosophy. By flagging outliers Slim4 redirects the attention of the stock controller to the items which really need attention. An essential factor for a company which has a product range of about 14,000 items and does not want to touch each individual item on a monthly base.
“I am looking forward to reap the benefits of the collaboration between DEP Engineering and Slimstock. We are as dedicated as the Slimstock consultants to make this project a big success with several long-term achievements”, said Patcharapong Sukkasem, Supply Chain Manager at DEP Engineering.
The total implementation is expected to finish within three months, therefore Go-live is planned for Q4 2019. “This implementation is part of Sonepar South East Asia’s Transformation initiative, in which multiple countries within the region will be utilizing Slim4 as a standardized inventory optimization tool,” said Andy Seet, Head of Operations Transformation, Sonepar South East Asia.
Slimstock cherishes the partnership with the entire Sonepar group and will assist and advice DEP Engineering in the area of forecasting and inventory management along the way.