Case Study: Ramco Specialties achieves up to $2M in inventory cost savings with Avercast

Imagine a decrease in inventory costs of up to 2 million dollars

Ramco Specialties, based in Hudson, Ohio, manufactures a wide range of fasteners in a 165,000 sq. ft. facility and faced the forecasting challenge of balancing quick-turn customer orders with the long tail of raw-material purchasing. To plan months or years ahead and ingest weekly forecasts from 50 GM plants, Ramco Specialties implemented Avercast's forecasting software.

Avercast delivered a customizable forecasting solution with 250+ formulas, direct programmer support, and automatic interfacing of GM forecast data so Ramco Specialties can compare, monitor, and trace finished-part forecasts down to each component. Avercast’s implementation improved forecast accuracy, reduced surplus risk, and cut inventory costs by up to $2 million—freeing cash for customer acquisition or employee benefits.

Ramco Specialties

Cassidy Laudadio

Materials Manager