Hempel: Improving Forecast Accuracy

Hempel, a world-leading supplier of trusted coating solutions, significantly improves forecast accuracy with sofco Demand Planning.

Hempel is a global company working with customers in the protective, marine, decorative, container and yacht industries. Founded in Copenhagen, Denmark in 1915, today Hempel employs over 6,500 people across the globe.

Why sofco?

sofco are able to support Hempel globally, with an excellent understanding of the business model and issues. The software is scalable and adaptable, providing the visibility and extensive, reliable functionality that Hempel needed.

The Challenge

Hempel required a single world-wide platform to forecast requirements from all customers into a consistent demand stream. As the project developed, Hempel embarked on an internal re-structure requiring significant changes to the reporting regime and model structure.

The Solution

After 7 years and numerous fundamental changes to both the model, the world trading environment, and the Hempel business, the sofco solution has proved to be as adaptable and scalable as they hoped. It is now the world-wide standard for all Industrial (non-Deco) forecasting.

Results

- Improved forecast accuracy - Minimised obsolescence, reduced inventory, and improved component & material supply planning data - Visibility of SKU level demand for Supply Chain and Kit demand for Sales personnel