Auto parts company purchases scientific demand planning and replenishment software to reduce inventory, increase service
San Francisco, CA September 11, 2003 Evant, a provider of retail management software and services, today announced that Auto-Wares has selected Evant Demand Forecasting and Replenishment solution to centralize its inventory management, and optimize forecast and replenishment accuracy for over 800 auto parts locations.
Auto-Wares, a 27-year old group of automotive aftermarket companies, owns 92 retail stores across the Midwest and distributes over 800 auto parts product lines to other independent retail stores. The U.S. Commerce Department reported that Americans spend nearly $38 billion each year on repairing their cars, and, in order to capitalize on the large, competitive automotive market, Auto-Wares recognized it was necessary to overhaul its arbitrary trigger replenishment system.
Evant said Auto-Wares will use the Demand Planning and Replenishment system to replace its current solution, enabling it to develop time-phased replenishment plans with advanced forecasting formulas and optimization technology to make the most of service-level goals and minimize inventory investment.
The aftermarket distributor said it aims to increase its level of product visibility so buying staff and inventory analysts are able to meet demands throughout all levels of the retail store and distribution warehouse supply chain.
"With our demand and supply variables for both our retail stores and distribution network centralized to a single optimization process, we expect to see immediate financial improvements, freeing up the resources we need to effectively grow and compete in our industry," said Shelly Hook, corporate director of inventory control at Auto-Wares Corp.