Consumer Goods Manufacturer to discuss how they Reduced Inventory Investment by 23%
John Galt Solutions, the leading provider of affordable planning solutions for the consumer-driven supply chain, announced today that Method Home will detail the steps involved in reducing their inventory by 23% during a session entitled “Creating an Effective Demand Management Process” at the Institute of Business Forecasting’s Demand Planning & Forecasting Best Practices Conference, April 28 – 30, 2010 in San Francisco.
Method Home is a top innovator in household cleaning products. Since 2000, Method has led the way in evolving the household cleaner from a toxic object that hid under the sink to an all-natural, biodegradable, and stylish counter-top accessory. Today, Method offers a complete line of household cleaning products sold via retailers like Target, Office Depot, Lowe’s, CVS, Food Lion and Amazon.com. Method has achieved gross revenues of over a hundred million and is expecting to grow aggressively over the next three years. It is a privately held company based in San Francisco with private equity backing, and has attracted a very strong Board of Directors including Tim Koogle, former CEO of Yahoo!, who serves as Chairman of method.
In late 2008, Method Home began using John Galt’s Demand Planning and Inventory Planning software to create a more consumer driven supply chain. Critical factors in Method Home’s selection included: ease of use, ability to scale with rapid business growth, rapid integration with existing systems, and total cost. Now they have increased visibility for all parties involved in the forecasting process, including the remote sales directors who can easily provide forecast updates online. With improved forecast accuracy and SKU rationalization, Method has reduced their inventory investment by 23.5% while maintaining service levels.
A seasoned forecasting veteran, Vicky Grillo, demand planning manager at Method Home, will provide tips for improving the demand management process. She will also share specific experiences from the implementation of John Galt’s Atlas Planning Suite. Session attendees will learn:
• Criteria for selecting a forecasting system
• How to reduce inventory investment while maintaining service levels
• What should be included in the forecast consensus meeting
The Institute of Business Forecasting & Planning (IBF) is recognized worldwide as the premier full-service provider of forecasting and planning services. For more than twenty years, the IBF has been helping businesses improve their forecasting accuracy in an effort to improve their bottom line. To learn more or register for the conference visit www.ibf.org
About John Galt Solutions
John Galt Solutions helps increase forecast accuracy and optimize inventory levels in consumer-driven supply chains. With the ForecastX Wizard, the Atlas Planning and Consumer Centric Planning suites, we provide a wide variety of affordable, easy to implement, supply chain planning solutions designed for growing mid market companies. Our customers typically experience a 10 to 50% improvement in forecast accuracy, and reduce excess inventory by 5 to 40%. Over 5,000 customers have benefited from our deep industry expertise and innovative technologies. To learn more visit www.johngalt.com.
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