Forecast NOW! Deployment in an Electronics Company

 

Company at a Glance:

  • 25 years on the market
  • 100,000 SKUs across 80 item groups
  • Over 30,000 sq. meter warehouse
  • 600 employees
  • 300 regular suppliers

Company performance pre-implementation (early 2017)

  • Turnover 45-50 days
  • Stockouts for Class A Products - Over 4%
  • 70 000 SKUs
  • 20 purchasing managers

 

Snapshot of implementation:

 

  • Programme set-up and analysis of proper ERP data import took 3 months, while supplier orders were being tested
  • Staff training for the new system was simplified due to the software's high level of automation. Order data for current reorder schedule are automatically created.
  • Within 6 months 85% of reorders were being generated in Forecast NOW!.
  • A single employee was able to deploy the new system, working only with the IT department (to integrate with the accounting system) and purchasing department (for testing).

 

Company performance post-implementation (mid-2019)

  • Turnover improved by 40% to 27-35 days

  • Stockouts were cut in half, to 1.4 - 1.7%

  • The number of suppliers was increased from 240 to 300, SKUs increased from 70,000 to 100,000, and turnover climbed by 25% year-to-year, while the company reduced the number of purchasing managers from 21 to 17.
 

 

Find out how Forecast NOW!
can help your company grow.

Curious to know how we can help your company? Just fill in the contact form and one of our managers will get in touch with your shortly to discuss your needs and challenges and how effective a solution ForecastNOW can be for you!

We will leverage your sales data to run a demo model to give you insight on how much more profitable your business could be with Forecast NOW!

By leaving an application, you consent to the privacy policy