As interest rates increase, what effect will this have on your company’s cash flow? The costs of carrying excess inventory will be increasing as well, impacting your company’s bottom line. [basic-code]™ helps companies identify their unproductive inventory, determine optimal inventory levels and increase their turnover rates. One company was able to increase their turn from 6.0 to 8.2, by acting on the indicators. This represents an estimated 27% reduction in actual inventory resulting in better cash flow and a savings on the interest of carrying that excess inventory plus your other costs.
Forecasting affects more than just the inventory position of a company. [basic-code]™ has helped companies save hundreds of thousands of dollars, across multiple departments, with its Sales Analysis and Forecasting applications.
Here are a few examples:
Corporate Performance – One [basic-code]™ client gained visibility to its inventory performance and reduced SKUs by 50%. This led to a 64% reduction in the cost of inventory which resulted in $1.0 Million in savings. Another client increased its turn from 6.0 to 8.2, reducing their average inventory by $2.2 million! Operational performance improvements, like increased turn, enhanced profits and inventory reduction are results of good Forecasting. These improvements lead to improved cashflow across the company.