Meet with Blue Yonder
Event
“We were facing a number of challenges. Our forecast accuracy number before the implementation was very low. Also, on-time delivery to customers was very low, and our safety stock was very high,” said Senior Demand Planning Manager, Positec. “We were facing a number of challenges. Our forecast accuracy number before the implementation was very low. Also, on-time delivery to customers was very low, and our safety stock was very high,” said Senior Demand Planning Manager, Positec. “We felt that the solution could help us better navigate our multiple distribution centers and could help us increase forecast accuracy by giving us the tools to analyze data, especially customer data.”
Agile capabilities
Today, Positec is able to develop an aggregate forecast across all customers, regions and product lines. The company can also assign dollar values to the forecast, including complex events such as new product launches and retail promotions. More importantly, the company has a much higher level of confidence in its demand forecast, as it is now based on company-wide collaboration, as well as data and analytics.
“These capabilities are a great solution for our sales and delivery modes. It allows the forecasting and planning teams to work on one system for different modes,” said a Senior Demand Planning Manager at Positec.
Solution benefits
Based on the significant improvements in forecast accuracy enabled by BlueYonder, Positec has been able to reduce its overall global inventory levels by 60 percent, contributing to greater cash flow. Additionally, fulfillment lead time has decreased by 66 percent, giving Positec a significant customer service advantage in a highly competitive industry. Order fulfillment lead time has also been slashed from 90 days to 30 days. Plus, the company’s delivery time is much faster and more reliable, which helps make it a preferred supplier to its retail partners. Positec has also improved product availability by reducing its out-of-stock costs by more than 80 percent.
