John Parker & Sons, the steel and tool processor and distributor, has turned to INFORM to reduce the amount of wasted stock and improve efficiencies by up to 40 per cent.

The firm decided to implement a new planning tool to reduce stock levels and overall costs to combat the difficult economic climate. It selected INFORM’s add*ONE Inventory Optimizer system for its ability to reduce inventory by up to 40 per cent, reduce planning costs by up to 50 per cent and increase service levels.

Malcolm Nicholson, purchasing manager at John Parker & Sons, explains: “In times like these, planning and procurement is just as complex but there may be restrictions on headcount. It is imperative to find a way to work smarter, and with INFORM’s add*ONE software, we are confident that we have found a strong solution to minimise our stock levels in the most efficient way, without impacting our customers.”

“One of the biggest problems logistics professionals face, despite the evolution of ERP systems over the past few years, is the ability to reduce excess inventory intelligently. By optimising inventory levels, a business can decrease the stock it doesn’t need and increase the stock it does. This ensures that companies can preserve service levels while reducing excess stock and in turn transfer cost savings direct to the bottom line,” explains Cathy Humphreys, UK country manager at INFORM.

Designed as an add-on system to existing IT infrastructure, the add*ONE Inventory Optimizer provides wholesale businesses with a total minimised cost solution for purchasing and storing goods.