Demand Planning / Forecasting

Demand Planning Systems, Demand Forecasting, Scheduling, Execution, Collaborative Planning, Forecasting and Replenishment, Sales & Operations Planning(S&OP) and improving quality control functionality.

Inventory Optimization a Top Priority for Nearly Eighty-Five Percent of Consumer Goods Companies

11-Mar-2015
Inventory Optimization a Top Priority for Nearly Eighty-Five Percent  of Consumer Goods Companies
Logility, Inc., a leading provider of collaborative supply chain optimization and advanced retail planning solutions, partnered with industry publication Consumer Goods Technology to determine the current state of multi-echelon inventory optimization (MEIO) in the consumer goods industry. According to the report, Inventory Optimization: Still a Supply Chain Priority, consumer goods companies understand the importance and benefits of MEIO; however, 69 percent still rely on static and cumbersome spreadsheets or the basic capabilities of their ERP / APS systems to manage inventory optimization initiatives.

The report states, “inventory optimization technology and accompanying processes allow further reductions in inventory while enabling high service levels amidst challenging conditions.” In fact, Logility Voyager Solutions has helped consumer goods companies realize up to a 30 percent reduction in inventory while improving customer service. Utilizing advanced modeling techniques to define various inventory strategies, compare their effects and reveal the optimal direction, Voyager Solutions helps companies move beyond the simple, rule-of-thumb policies currently in place.

Notable Findings:
  • At the vice president level 69 percent rank inventory optimization as a top priority 
  • Improving customer service levels is cited as the top reason for implementing an inventory optimization initiative 
  • The need to integrate inventory optimization with the sales and operations planning (S&OP) process ranks as the top new initiative to start 
  • Only 21 percent of respondents perform MEIO across multiple stages / locations of their supply chain 

“The research clearly shows a large opportunity for consumer goods companies to improve their supply chains through more advanced inventory optimization initiatives,” said Mike Edenfield, president and CEO, Logility. “Logility Voyager Solutions has helped our customers reduce their inventories by up to 30 percent; saving millions of dollars in working capital that can be reinvested in the company for new product development and growth. Inventory optimization’s proven benefits, including cost reduction and improved customer service, are critical in today’s dynamic global market.”

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