Bell Group Enhances Inventory Management with John Galt
The Bell Group is a family-owned, Albuquerque-based industrial distributor serving the jewelry industry. Beginning as a small store-front retailer, the company has been in business for 61 years and has grown into a multimillion-dollar enterprise with more than 500 employees and over 150,000 customers in 80 different countries.
With its business growing exponentially each year, The Bell Group discovered it had outgrown its purchasing and inventory management systems. The Bell Group determined which solution best met its needs, and only one – John Galt Solutions’ Atlas Planning Suite – met all of its requirements and more.
The Bell Group deployed the Atlas Planning Suite’s Demand Management Engine and the Inventory Management Module to automate its demand planning and inventory management process and to provide visibility and linkage end-to-end in its supply chain. John Galt’s Atlas Planning Suite now enables the Bell Group to update its inventory positions daily versus weekly.
The Demand Management Engine provides forecasted demand and the Inventory Management Module balances the Bell Group’s inventory to meet that demand. Because they now have a daily picture of how well they are meeting customer service requirements, the Bell Group’s business analysts can manage inventory with exceptions and variances.
The Bell Group’s analysts are alerted when an item is performing out of variance and can now manage the inventory to prevent overstocks or understocks. The Inventory Management Module enables the analysts to be proactive in meeting demand and customer service levels rather than reacting to seasonal changes in demand.
The Bell Group is now operating an effective demand-driven supply network driven by the John Galt Atlas Planning Suite. Since implementation, purchasing and exception management activities are automated. The company’s business analysts have daily visibility over demand and are positioning supply to meet that demand through better inventory management, which has resulted in lower inventory levels and fewer stock-outs, which translates into higher customer service.