For one busy aftermarket sales specialist, forecasting with accuracy had become impossible, with more than 30,000 products and surplus stock. With little strategy to their forecasting, which was done by the buyer using just spreadsheets, they turned to Supply Chain Precision for help.
Guiding the customer through a comprehensive workshop, our consultants established product classifications, conducted a frequency analysis, ABC analysis and defined stocking strategies.
A bespoke supply and demand system was developed with the power to identify exactly how stock was moving, what needed ordering and even when demand was due to shift, based on historical data.
The team was able to identify certain classifications of products which required regular analysis before entering the mainstream system, which kept the functionality of the overall operation lean. Stock levels were appropriate for demand and both time and cost savings were evident shortly after system implementation.