How a leading electronics manufacturer eliminated 35% of excess inventory while maintaining 99% service levels across their global supply chain, navigating rapid product lifecycle challenges.
This global electronics manufacturer produces consumer and industrial electronic components with rapid product lifecycles. Managing 22,000 SKUs across 8 manufacturing facilities while dealing with technological obsolescence and volatile demand presented significant inventory challenges.
"In electronics, inventory can become obsolete overnight. We were constantly caught between having too much of yesterday's products and not enough of tomorrow's. The financial impact was substantial." Chief Operating Officer
The manufacturer chose GoodStock Pro for its advanced demand sensing capabilities, product lifecycle management features, and proven success with high-tech manufacturing.
Analyzed historical product lifecycle patterns and component usage across all product families. Developed lifecycle-aware forecasting models that account for introduction, growth, maturity, and decline phases.
Integrated GoodStock Pro with ERP, PLM, and supply chain systems across all 8 global facilities. Configured demand sensing algorithms and lifecycle-based inventory policies.
Implemented dynamic safety stock optimization and automated end-of-life inventory drawdown strategies. Trained global teams on new processes and analytics.
Advanced algorithms that detect demand pattern shifts early in product lifecycle transitions.
Automated inventory policies that adjust based on product lifecycle stage from introduction to end-of-life.
Multi-location inventory optimization across 8 facilities with transfer recommendations and regional allocation.
Real-time safety stock calculations that balance service levels against obsolescence risk.
The implementation delivered transformative results, dramatically reducing excess inventory while improving service levels and operational efficiency.
"GoodStock Pro solved our biggest challenge: managing inventory in a business where products can become obsolete within months. The 35% reduction in excess inventory while achieving 99% service levels seemed impossible before implementation. Now we have the agility to manage rapid product transitions with confidence."
Master product lifecycle inventory management with GoodStock Pro