Wall Street Journal: True Value Retools Hardware Supply Chain
Story originally appeared in Wall Street Journal on July 16, 2019. Excerpts from the story below.Read the full story here.
To improve the way it predicts demand, True Value is adding technology from JDA Software Inc. so it can adjust inventory levels more quickly, particularly for goods with highly variable demand like seasonal, promotional an weather-related goods. The software incorporates detailed information daily so the company isn’t relying on monthly forecasts.
In the Midwest, where the hub-and-spoke model went live at the end of last year, the software has helped boost the first-time fill rate to 99% from 97%.
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