Improvement of forecasts & 40% less stock
A specific need that was identified was to improve forecasts, which were based so far on the best 50 lines of each product area with an Excel system. “We analyzed the needs for the next 3 or 4 weeks with 7-day data. Besides being a long process, it didn’t give us the precision we needed. The risk was that both the service level and delivery times could be affected. From a commercial point of view, we needed to improve our available stock levels to operate with a system as efficient as possible.”, explains the Commercial Director.
Of the many benefits that the company has obtained with Slim4, Jenkins cites visibility as the key element: “We needed to manage our inventory more efficiently. And being able to make forecasts accurately has given us the ability to be dynamic, which certainly Some is a great advantage. ”
With regard to the level of stock, explains Jenkins, “Slimstock promised to reduce inventory levels between 25% and 30% but has finally managed to reach up to 40%. And this despite identifying the need for increase the stock in some lines to be able to give a good level of service to a wide range of customers.”