Uploaded on Aug 1, 2024
Discover how RAMCO optimized its demand planning process and reduced inventory costs by $1.5 million using Avercast1. Learn about the challenges faced, solutions implemented, and the significant benefits realized, including improved forecasting accuracy and operational efficiencies. https://avercast.com/products/demand-planning-software/
RAMCO Case Study: Achieving $1.5M Inventory Cost Reduction with Avercast
RAMCO Case Study | 2024
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CASE STUDY
INDUSTRIAL PARTS
Creating Value Raving Fan
Since the organization needed to plan and “The versatility that Avercast provides is hard
purchase raw materials months in advance of to beat. We have the accessibility to make
The Problem delivery, having access to data was changes to the program whenever we need to, increasingly important. With the
Many manufacturers struggle to find allowing us to optimize our demand planning implementation of Avercast, the team was
the perfect way to manage their process as we identify new trends within our able to funnel information from multiple
demand planning process. Whether inventory.”sources, including 50 General Motors plants,
it’s an issue with forecasting or into a single platform.
maintaining an accurate balance of — Cassidy Laudadio, Materials Manager
raw materials, challenges are With the new data-driven approach, RAMCO
prevalent without a robust system. can perform, monitor, compare, and optimize
For RAMCO, the main problem multiple demand projections to achieve more
wasn’t just finding a way to forecast accurate forecasts.
demand for thousands of spacers,
nuts, washers, fasteners, and bolts. 50 Plant
The company also had an issue
keeping enough raw materials on Locations
hand to support orders across the Forecasted with Avercast
United States.
To address the growing issues with Driving Next
forecasting accuracy, RAMCO 1.5MInvesting in their demand planning process
turned to Avercast for assistance. by working with Avercast provided Ramco Reduction in Inventory
with enormous benefits, including a $1.5 Costs
million reduction in inventory costs. The
organization also improved in other areas,
such as customer acquisition and
operational efficiencies.
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