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RAMCO Case Study: Achieving $1.5M Inventory Cost Reduction with Avercast

Discover how RAMCO optimized its demand planning process and reduced inventory costs by $1.5 million using Avercast1. Learn about the challenges faced, solutions implemented, and the significant benefits realized, including improved forecasting accuracy and operational efficiencies. https://avercast.com/products/demand-planning-software/

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RAMCO Case Study: Achieving $1.5M Inventory Cost Reduction with Avercast

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  1. RAMCO Case Study | 2024 Private & Confidential © 2024 TransImpact. Confidential. All rights reserved. © 2024 TransImpact. Confidential. All rights reserved. 1

  2. CASE STUDY INDUSTRIAL PARTS RavingFan “The versatility that Avercast provides is hard to beat. We have the accessibility to make changes to the program whenever we need to, allowing us to optimize our demand planning process as we identify new trends within our inventory.” Creating Value Since the organization needed to plan and purchase raw materials months in advance of delivery, having access to data was increasingly important. With the implementation of Avercast, the team was able to funnel information from multiple sources, including 50 General Motors plants, into a single platform. The Problem Many manufacturers struggle to find the perfect way to manage their demand planning process. Whether it’s an issue with forecasting or maintaining an accurate balance of raw materials, challenges are prevalent without a robust system. — Cassidy Laudadio, Materials Manager With the new data-driven approach, RAMCO can perform, monitor, compare, and optimize multiple demand projections to achieve more accurate forecasts. For RAMCO, the main problem wasn’t just finding a way to forecast demand for thousands of spacers, nuts, washers, fasteners, and bolts. The company also had an issue keeping enough raw materials on hand to support orders across the United States. 50 Plant Locations Forecasted with Avercast 1.5M Reduction in Inventory Costs DrivingNext Investing in their demand planning process by working with Avercast provided Ramco with enormous benefits, including a $1.5 million reduction in inventory costs. The organization also improved in other areas, such as customer acquisition and operational efficiencies. To address the growing issues with forecasting accuracy, RAMCO turned to Avercast for assistance. © 2024 TransImpact. Confidential. All rights reserved. 2

  3. Thank You! © 2024 TransImpact. Confidential. All rights reserved. © 2024 TransImpact. Confidential. All rights reserved. 3

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