British Bakels to improve forecast accuracy with sofco Planning
Background
- Founded in London in 1921
- 119 stores nationwide, with over 1600 employees
- Part of Sunrise Records
- 2022 Turnover £150.8 million
Results
- 25% reduction in inventory to achieve same service level
- Reduction in volume of recall, leading to improved supplier relationship
- Reduction in overall head count for inventory administration
- Central management of product in store
Solutions
HMV achieve efficiency by implementing sofco’s Demand Planning module.
Founded in London, UK in 1921, HMV has operations throughout the UK. As part of Sunrise Records they have 199 stores and over 1600 employees, achieving a turnover of £150.8 million in 2022.
Objectives
- Centralise range management
- Optimise inventory levels in store
- Improve initial allocation of chart product to store
- Increase forecast reactivity and accuracy
Solution
- Store Forecasting
- Supplier DC Replenishment
- DC to Store Replenishment
- Supplier to Store Replenishment
- New Release Chart Management
- Back Catalogue Management
- Store Ranging
Results
- 25% reduction in inventory to achieve same service level
- Reduction in volume of recall, leading to improved supplier relationship
- Reduction in overall head count for inventory administration
- Central management of product in store