News: Barloworld SCS Secures Forecast Accuracy for The Royal Mint
Royal Mint, the world's leading export mint, has secured
its forecast accuracy and enhanced customer service, with the
deployment of Optimiza Demand Planner software from Barloworld
Supply Chain Software.
"The primary objective in the Royal Mint's implementation of
Optimiza Demand Planner software was to find a tool with the
capability to improve accuracy and customer service" explains David
Janczewski, Head of Strategic Intelligence at the Royal Mint.
"Prior to implementing the Optimiza software, the Royal Mint
logistics operation did not possess the necessary statistical
analysis tools required for forecasting more accurately."
Optimiza Demand Planner (ODP), from Barloworld Supply Chain
Software (SCS), is an advanced demand planning application,
designed to enable an organisation to build and maintain an
accurate demand forecast within their business.
"ODP is a tool designed to give demand planners an early and
accurate view of future sales plans, booked orders and demand
forecasts, allowing rapid and effective decision-making" explains
Colin Ward, Managing Consultant for Barloworld SCS.
"Companies can typically expect a 15-20% improvement in forecast
accuracy."
ODP has the ability to define multiple hierarchies, which allows
the organisation to view data by different channels, using product
segmentations. Dynamic profiling, the ability to forecast
products with limited sales quantities (MALs) and the ability to
incorporate the effects of future promotions in different channels
at different times are features that help to enhance the
flexibility of an operation.
User friendly and straightforward dashboard presentation
provides a summary overview in a simple, visible
format. The software also provides the user with a
detailed breakdown of various price projections including gross
profit and time-phased price modelling around these.
"We interviewed six suppliers of inventory software and our
decision was made based on the quality of the Barloworld brand name
and the high level of confidence we had in the package. The
Optimiza Demand Planner software met our initial needs and is
presented in a visible, easy to view and comprehensible format."
says David Janczewski, adding that the installation of ODP was
smooth and straightforward in comparison to other software products
he has experienced.
The Royal Mint makes coins and medals for an average of 60
countries every year, with a primary responsibility to make and
distribute United Kingdom coins and supply blanks and official
medals. The Royal mint is a government owned company, with
more than 1,000 years of experience and is planning for organic
growth and sustainable profits http://www.royalmint.com.