RAMCO Case Study: Achieving $1.5M Inventory Cost Reduction with Avercast


Karishmashikalgar1073

Uploaded on Aug 1, 2024

Category Business

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/

Category Business

Comments

                     

RAMCO Case Study: Achieving $1.5M Inventory Cost Reduction with Avercast

RAMCO Case Study | 2024 Private & Confidential © 2024 TransImpact. Confiidentiiall. Allll riights reserved. 1 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. © 2024 TransImpact. Confidential. All rights reserved. 2 Thank You! © 2024 TransImpact. Confiidentiiall. Allll riights reserved. 3