Addition of Infor SCM Demand Planning Drives Improved Forecast Accuracy and Product Availability with Reduced Inventory
ATLANTA - January 23, 2006 - Infor, one of the largest global providers of enterprise software, today announced Quality Bicycle Products, a Minnesota-based cycling distributor, has selected Infor SCM Demand Planning to complement its existing Infor ERP Sx.enterprise implementation. The decision adds a critical component to Quality Bicycle Products' end-to-end supply chain strategy to support its strong annual growth while maintaining service and profitability goals.
Quality Bicycle Products, a leading parts and accessories distributor in the cycling industry shipping more than 70,000 line items per week, is utilizing Infor SCM Demand Planning to improve local market forecast accuracy across their expanding product range. The solution provides greater visibility of total demand, allowing them to establish service level inventory targets to ensure high availability of product that Quality Bicycle Products' customers demand.
"Our business continues to see strong growth year after year and we required a demand planning solution that would accurately forecast our customer's buying habits to ensure we are not under or over-stocked," said Scott Thayer, inventory planning manager, Quality Bicycle Products. "Infor's solutions provide the right fit and functionality for our needs today and enable our business to scale for growth tomorrow."
Infor SCM Demand Planning extends the investment in Infor ERP Sx.enterprise that Quality Bicycle Products made in 2001. By enabling forecasted demand and integrated inventory planning, Quality Bicycle Products can now accurately focus their buying decisions on market demand, and in effect, buy what will sell, not what has been purchased.
According to Aberdeen Group, companies that have implemented integrated ERP and demand management programs have seen significant improvements in gross margin, inventory turns, and forecast accuracy. "Best in Class companies are able to manage demand and inventory simultaneously in order to maximize their financial and operational performance," says Nari Viswanathan, supply chain research director at Aberdeen. "An integrated approach is essential to improving corporate competitiveness."
"Customers like Quality Bicycle Products recognize the value of business specific solutions to complement and extend their core ERP solutions," said Melissa Puls, senior director, Infor Strategic Solutions. "Infor is unique in offering end-to-end supply chain management solutions that can be implemented individually or as a business suite to provide an integrated supply chain platform."
Infor's Supply Chain Management solutions enable the world's leading companies to improve their profitability, competitiveness and growth through network design, demand and supply chain planning, manufacturing optimization, warehousing, transportation management and supply chain analytics. By synchronizing cycles of demand, supply and replenishment, Infor's solutions allow our customers to get their product to their customers quickly and cost-effectively.
About Quality Bicycle Products
Quality Bicycle Products is a leading parts and accessories distributor in the cycling industry. QBP offers dealers from all over the world, an encyclopedic selection of bicycle products from a 1,300 page catalog, a renowned custom wheel service, a specialty bike building program, and proprietary brands. QBP remains a leading bicycle advocate within the industry. For more information, please visit: www.QBP.com.
Infor delivers fully integrated enterprise solutions, as well as best-in-class standalone products that address the essential challenges its customers face in areas such as enterprise resource planning, supply chain planning and execution, customer and supplier relationship management, asset management, product lifecycle management, financial management, performance management and business intelligence. With more than 8,100 employees and offices in 100 countries, Infor provides enterprise solutions to more than 70,000 customers. For additional information, visit www.infor.com.
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