"Our business is built on a simple mantra; the right stock in the right place at the right time," says Stephen Goodwin of Vasanta Group. Infor Demand Planning will help make it so.
"In order to deliver the very best service, we have to have the products available that our customers want by accurately predicting and influencing our customer demand. Demand Planning will give us the best possible insight into those requirements so we can continue to drive growth," says Goodwin, Vasanta director of Inventory and MRP.
The UK's largest office supplies company has deployed Infor Demand Planning, a best-of-breed forecasting system that will help enable growth and best practices. With over 25,000 products in a variety of categories and brands, Vasanta manages a complex flow of information between its suppliers and customers. It uses 17 sales channels, and Demand Planning has been deployed across all of these.
"Demand Planning will also help us future proof the group as we introduce best practices for procurement across the three companies and evolve our integrated business planning strategy with the development of sales and operations planning (S&OP) and material requirements planning (MRP). This will ultimately manage our stock proactively in line with seasonal fluctuations, promotions and other activity, leading to improved service and profitability."
Vasanta Group anticipates enhanced "order fill" — the ability to satisfy an order in full, first time, without additional procurement — as well as lower costs from an overall reduction in inventory and improved profitability as stock levels are better aligned with customer demand.
Delivered on time and under budget, Demand Planning is the first phase in a long-term integrated business planning strategy at Vasanta Group.
"Predicting customer demand is one of the hottest areas of supply chain management," explained Pieter Leijten, vice president, supply chain management EMEA, Infor. "The first return is usually lower costs from less inventory and reduced obsolete stock. This is followed by improved profitability from more accurate alignment of stock with customer demand to even increased sales volumes due to better service levels offered. Looking forward, the return can be further extended by initiatives to shape demand as part of integrated business planning, leading to a faster and more accurate response to customer requirements."