One Network Successfully Implements Demand-Driven Inventory Planning at Del Monte Foods
DALLAS, TX – August 29, 2012– One Network Enterprises (ONE), home of the Real Time Value Network™ (RTVN™) and provider of demand-driven supply chain solutions in the cloud, announced today that leading CPG company Del Monte Foods has successfully implemented ONE’s demand-driven Inventory Planning service, further enhancing a lean and responsive supply chain that significantly outperforms industry averages.
The Real Time Value Network’s Inventory Planning service has allowed Del Monte to obtain additional inventory savings over and above the already significant results driven by the earlier announced demand driven project with One Network.”
Rob Ferguson, Vice President, Value Engineering and Customer Service at Del Monte
Traditional inventory management systems aggregate historical data over long periods of time, set safety stock and order polices on a weekly or monthly basis, and are disconnected from replenishment systems. Because of this, carrying excess inventory becomes necessary to prevent stock outs.
By contrast, Del Monte’s cloud-based inventory planning with ONE’s RTVN computes optimal safety stock levels at all of Del Monte’s finished goods inventory locations across thousands of SKUs in real time, optimizing multi-tier inventory by computing the inventory targets for given specific service levels. It captures multi-party variables such as lead times, manufacturing frequency, batch size, and ordering policies from across the value chain, and using a proprietary mix of micro-simulations, complex algorithms, exception-based forecasts, and real-time downstream demand signals, suggests and even automatically adjusts inventories for specific SKUs to their optimal levels.
This approach allows companies to significantly lower chain-wide inventory while improving responsiveness and service levels. It also results in a more sustainable supply chain, with lower safety stock and gas emissions reducing the overall carbon footprint.
More than 30,000 companies are already connected to the RTVN for demand-driven services that have repeatedly proven to lower inventories and operational costs, improve service, and increase profitability—Kroger, Lockheed Martin, Safeway, Menlo Logistics, the US Department of Defense, the US Marine Corp, and many others—are becoming demand driven with One Network’s RTVN.
To schedule a demonstration, call One Network today at (866) 302-1936 or visit us at www.onenetwork.com.
About One Network Enterprises
One Network’s RTVN is the world’s only multi-party, multi-echelon supply chain solution in the cloud. As the leading provider of demand-driven supply chain technology solutions, One Network’s RTVN enables customers to easily collaborate with all their value partners and providers on a single network. With more than 30,000 companies connected, One Network’s community based supply chain solutions help customers increase profitability and efficiencies by optimizing their supply chain operations. A variety of industries are connected to the RTVN, including high tech, retail, consumer products, public sector, automotive, energy, and logistics. Headquartered in Dallas, Texas, One Network also has offices in Europe and India. For more information, please visit www.onenetwork.com.