Companies in the electronics industry face the constant challenge to beat their competition to buyers who are drawn to the latest and greatest products. In the quickly evolving consumer electronics market, sleek is in, smaller is better (except in the eyes of large-screen enthusiasts), and multi-function capabilities are blurring yesterday’s category distinctions. Product life cycles are short and hard to manage – and companies focused on consumer electronics, telecommunications and medical equipment share the same dilemma. There is a brief window of opportunity for selling new products and ensuring availability of customer favorites in all these fast-paced industries. Time to market can distinguish winners from losers – and profitable products from obsolete inventory. This raises the need for collaboration with partners throughout the global supply chain. Manufacturers often struggle with managing fast- and slow-moving SKUs, and while there may be increases in consumer demand, increases in margins do not always follow. The ability to accurately predict market demand, to maintain the right inventory, and to effectively move the right stocking points are always top-of-mind financial issues, especially under growing pressure from retailers to participate in a variety of stocking programs.
Logility Voyager Solutions™ can help you can leverage supply chain planning to contend with problems such as rapid obsolesce and the need to balance inventory investments with desired customer service levels. Using best-of-breed capabilities, you can create an agile demand-driven supply chain and lower costs to improve margins. Logility’s sales and operations planning (S&OP) tools help synchronize forecasting and production with market conditions. And with expanded visibility across the supply chain, you can improve on and revise supply plans based on the real-time status of demand and inventory.
Logility Voyager Solutions allows Farnell InOne to position its inventory of more than 400,000 products more strategically. By choosing any distribution center to be the delivery location, Farnell minimizes its number of stocking points.
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Electronics companies achieve impressive results from using Logility’s Voyager Solutions to help drive best-in-class performance. By optimizing your supply chain with Logility, you can:
- Synchronize the supply chain to ensure order-to-delivery excellence
- Increase planning precision with more accurate forecasting
- Accelerate inventory turns and improve customer service levels
- Achieve faster product introductions and maximize margins on products
- Cut transportation costs with optimized shipment planning, streamlined management and automated load tendering