Specialty RetailEcuadorPycca: 490% Improvement in Forecast Value Added
Specialty retailer in Ecuador with mostly imported products and long lead times. Achieved a 490% improvement in FVA with Celes.
Results
- FVA
- 490%
- Inventory reduction
- 23%
- Lost sales reduction
- 55%
The Challenge
Most of Pycca's assortment is imported, meaning lead times of weeks or months. Forecasting with the lead time that international orders demand was a constant challenge: a forecast error cost months of excess stock or unrecoverable stockouts. Additionally, replenishment from warehouse to stores was entirely manual.
The Solution
Celes designed forecast models that operate with the planning horizon that international purchasing demands, and automated replenishment from warehouse to stores. Pycca's team went from spending hours generating manual orders to focusing on strategic commercial decisions.
“Before, forecasting for imported products was almost guesswork. With Celes we have the lead time our supply chain demands.”
Want similar results?
Book a session with an expert to see how Celes can transform your operation.