With an ever-growing assortment, around 15% of the product range is systematically updated each year. “Our revenue is growing at a rate of between 5 to 10% year on year and new product introductions contribute heavily to this. By enabling us to refine forecasts very early on and thus take appropriate action to ensure we are able to satisfy customer demand, Slim4 has helped us take full control over our new product introduction process.”
Mike goes on to explain how Slim4 helps his team manage products at the end of the product lifecycle: “With just a click of a button, we can easily see where we need to take action to sell through the remaining stock. As a result, the risk of obsolescence is minimized.”
Happy with the results so far, the team at Ultra Finishing are now in the process of rolling Slim4 out across other elements of their complex operation. “Our ultimate goal is to align the entire chain. With the combination of Slimstock’s expert team coupled with their ever-advancing technology, I have no doubt that we are working with the right partner to help us achieve our full potential”, concludes Mike.