Farley's & Sathers Candy Improves Forecasting
Farley's & Sathers Candy Company, a confections manufacturer in the United States, is implementing Vendor Managed Inventory (VMI) from Park City Group (who recently acquired Prescient Applied Intelligence). VMI will support a strategic business initiative expected to improve customer service levels, improve order fill rates, reduce retail out-of-stocks and gain forward looking visibility to consumer demand.
"We evaluated several options and considered various solutions prior to building our VMI program, and we ultimately chose Park City Group because of their VMI domain expertise in the CPG space and their existing relationship with our primary distributor," comments Duane Hurley, vice president of Information Services at Farley's & Sathers. "And VMI with this distributor is only the start of our VMI program. We will initially focus our efforts on specific customers, and then expand the program to include additional key trading partners."
Park City Group will host the VMI application through its on-demand service offering. The application will generate forecasts for over 500 Farley's & Sathers items while considering consumer demand, upcoming promotions and seasonality. The solution will monitor inventory levels at over 20 distribution centers and provide reordering logic that generates a replenishment plan to assist in optimizing truck load capacities and reducing logistics expenses for Farley's & Sathers.
"We evaluated several options and considered various solutions prior to building our VMI program, and we ultimately chose Park City Group because of their VMI domain expertise in the CPG space and their existing relationship with our primary distributor," comments Duane Hurley, vice president of Information Services at Farley's & Sathers. "And VMI with this distributor is only the start of our VMI program. We will initially focus our efforts on specific customers, and then expand the program to include additional key trading partners."
Park City Group will host the VMI application through its on-demand service offering. The application will generate forecasts for over 500 Farley's & Sathers items while considering consumer demand, upcoming promotions and seasonality. The solution will monitor inventory levels at over 20 distribution centers and provide reordering logic that generates a replenishment plan to assist in optimizing truck load capacities and reducing logistics expenses for Farley's & Sathers.