Sensient Colors Mixes the Right Formula for Inventory Optimization
Located in St. Louis, Missouri, Sensient Colors, LLC is the leading global manufacturer and supplier of natural and synthetic color solutions for the food and beverage, cosmetic, pharmaceutical, and industrial markets. The company serves customers in more than 150 countries.
Sensient Colors needed to reduce inventory and improve its cash conversion cycle, as well as drive collaboration across multiple business units and with customers.
Sensient Colors implemented Logility to improve inventory visibility and management, and reduced inventory by more than $6 million.
- Reduced US food color inventory by more than $6 million
- Increased forecast accuracy as a function of sMAPE (Symmetric Mean Absolute Percent Error) by 4%
- Decreased time-to-insight from days to just minutes and boosted confidence in the results
- Discovered rich, untapped data sources that help drive collaboration across business units and with customers