Changing regulations, shifting customer demand patterns, and growing complexity in the supply chain were putting Ace Hardware International’s in-stock rates at risk. The company needed to increase its demand and supply planning precision across three distribution centers and more than 600 stores in 62 countries. Implementing new supply chain technology, Ace is now closing in on its goal of 40% fewer stockouts within the first year.
We’ve been steadily improving fill rates, service levels are up. We’ve also had noticeable improvements in our inventory turns. It’s hard to do both of those at the same time, and we’ve been able to do it. — Dan Schildge, President of CRP Industries.
Home Hardware has seen a 10% reduction in excess inventory & safety stock while increasing service levels to stores by 2.5%.
Procurator improves in-stock performance from 89% to 97%, while elevating inventory turns from 2.9 to 6.5.
From Good to Great: Already Industry Leaders, Martin Bros. continues to Increase Service and Reduce Inventory
This food wholesaler saved their company with improved forecasting and replenishment. K. Ekrheim has grown revenue 12%, reduced inventory 14%, and improved profit 181%.