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Inhep Converts Inventory to Cash with
VALOGIX® Inventory Planner
South African Distributor Cuts Costs and Saves Big
"Freeing up R14 million has had a tremendous impact on our bottom line. In an industry where profit margins are slim and timing is critical, we couldn't be happier with the results from Valogix," remarks John McCluskey, Director with IDS. "Even with reductions in inventory, our service levels have improved because we now have the items that our customers need, when they need them. Valogix has not only already paid for itself, but also the entire SAP Business One purchase. There are not many products out there that can give you that kind of ROI. And the savings will continue each and every year." In addition to the savings, IDS has also achieved:
- Improved inventory turns to reduce stock levels by 35% (14,000,000 ZAR or approximately US$2,000,000)
- Secured better volume discounts and delivery performance by providing forecast to vendors
- Reduced stock costs (COGS) by more than 5% on top items
- Reduced stock costs (COGS) by more than 2% across all lines
- Improved staff productivity due to automated reporting
Return on Investment (ROI) was fast-in just six months, IDS realized a full return on investment due to reductions in inventory, improvements in stock availability and service levels, and increases in productivity. In addition to the inventory reductions, IDS has realized many other benefits from the implementation. IDS now provides their suppliers with an accurate forecast which helps them to negotiate better discounts on their purchases. Also affected are shipping costs, since inventory is often shipped to IDS and having a forecast in hand allows them to order far enough in advance to mitigate shipping costs.
To read the whole story and see what other benefits IDS realized, visit Valogix's website at: www.valogix.com.
About Valogix
Since 1988, the founders of Valogix have been leading innovators in advanced inventory planning and optimization solutions. These solutions automatically forecast demand, set optimal stocking levels, replenishment items, and optimize the inventory. Valogix solutions are easy to use, affordable and provide rapid ROI. Within months of implementation, businesses realize dramatic cost reductions, improved productivity, and increased customer satisfaction.
Valogix is located in Saratoga Springs, NY and has hundreds of customers and representatives covering North America, Central and South America, Europe, and the Asia Pacific region. Valogix is a global, Gold Level partner of SAP and Premier Business Partner of IBM. For media information, contact Dawn DiLorenzo at 518-631-9440.
Visit the company web site: http://www.valogix.com.
About Inhep Digital Security
Inhep Digital Security (IDS) is recognized as South Africa's leading manufacturer and distributor of electronic security products. IDS is wholly owned by Inhep Electronics Holdings, whose head office is located in Durban, KwaZulu-Natal.
The company has six fully stocked distribution/sales offices servicing the local South African market, along with a network of third party distributors who are able to cover areas where it is not viable for IDS to do so directly. Beyond its borders the IDS brand enjoys a global reach, with active distribution networks in sixteen countries across four continents.
Visit the IDS company website.
About BLUEKEY Software Solutions
BLUEKEY specializes in the implementation of SAP Business One, the market-leading business software solution for small to medium sized companies. They offer a total solution, from networking through data take-on and system setup to management reporting.
In 2009, BLUEKEY won the SAP Pinnacle Award, granted to leading SAP partners that have excelled in enhancing the customer experience by teaming with SAP to help customers to address critical issues such as accelerating innovation and improving return on investment.
Visit the BLUEKEY Software Solutions company website.
