How Streamline reduced stock-out by 90% for consumer goods company
About the company
Frontier Foods is a family-owned business established in Dublin in 2008, specializes in importing and distributing food and drinks to the Irish Retail Market. With over 30 brands under its distribution umbrella, Frontier Foods has established itself as a trusted partner in the Irish market. The company boasts a turnover of €8.2 million, managing 175 SKUs.
Challenge
One of the primary challenges faced by Frontier Foods was maintaining accurate stock levels and ensuring product availability. Inconsistent stock levels led to missed sales opportunities and customer dissatisfaction, prompting the need for a solution to streamline inventory management processes.
Project
In search of a solution to address their inventory challenges, Frontier Foods embarked on a selection process that involved evaluating various software options. Ultimately, Streamline stood out for its intuitive interface, robust analytical dashboards, and graphical representations of data.
The process of implementation went smoothly. The Frontier Foods team focused on refining inventory planning and aligning demand forecasts with their data.
Outcomes
Since implementing Streamline, Frontier Foods has witnessed significant improvements in key performance indicators.
- Gross profit margin increased by 1.5%
- Turnover surged by 8.2%
- Out-of-stock figure decreased from €500K to €50K, marking a 90% reduction
- Stronger sales numbers and improved net profit
- Reduced time taken to process orders, leading to operational efficiencies and cost savings
“Streamline software had an incredible impact on our operations. Now we sell with more confidence, our customer complaints about out-of-stock items are down, and our sales representatives are growing their numbers. If you’re considering Streamline, I recommend you to take advantage of the improvements we’ve seen firsthand,” – said Vincent Hughes, Owner at Frontier Foods.
Do you want to test Streamline on your company’s data?
Further Reading:
- How to deal with supply chain processes during the Coronavirus outbreak
- Why switch from Excel to inventory planning software
- Must-read: Smart Supply Chain Management solutions for business processes optimization
- Cross-Functional Alignment in Supply Chain Planning: A Case Study of Sales and Operations Planning [PDF]
- Demand & Supply Management: Collaborative Planning, Forecasting & Replenishment
Still relining on manual work in Excel for sales and operations planning (S&OP)?
See what Streamline can do for you
- Achieve optimal 95-99% inventory availability, ensuring you can meet customer demand consistently.
- Attain up to 99% forecast accuracy, getting more reliable planning and decision-making.
- Experience up to a 98% reduction in stockouts, minimizing missed sales opportunities and customer dissatisfaction.
- Cut excess inventory by up to 50%, freeing up valuable capital and storage space.
- Increase margins by 1-5 percentage points, boosting overall profitability.
- Enjoy up to 56 times ROI within one year, with a 100% ROI achievable in the first three months.
- Reduce the time spent on forecasting, planning, and ordering by up to 90%, allowing your team to focus on strategic activities.
