THE BOTTOM LINE
Boise Paper deployed ToolsGroup software for inventory optimization (IO) in order to fine tune its stock holdings of paper and forest products and to gain a service advantage in a competitive market. Nucleus found that by using the ToolsGroup application for stock mix optimization Boise Paper was able to reduce overall inventory while improving service levels to customers.
– Played a major role behind inventory reductions of 25 percent
– Allowed for individual item service levels within product groups
– Enabled scenario modeling to weigh tradeoffs between service and inventory
– Supported standardization of inventory management policies across company