Milwaukee Electric Tool Observes 20% Increase in Forecast Accuracy
Milwaukee Electric Tool Corp. is an industry-leading manufacturer and marketer of heavy-duty, portable electric power tools and accessories for professional users worldwide. The company continues to set industry standards, targeting professional tool users of all types with a product line that includes more than 500 tools and over 3,500 accessories. Quality is designed in, using state-of-the-art technologies and sophisticated manufacturing techniques.
ChallengeMilwaukee Tool lacked any formal demand planning process, and as a result found themselves reacting to supply chain issues rather than planning for them. With production moving overseas and lead times lengthening, Milwaukee was forced to increase inventory to inefficient levels in order to compensate for the risk.
- Increased forecast accuracy 20%
- Improvements in inventory turns and fill rate
- New products and promotions drive 20% revenue growth