Case Study: Nexans Norway halves forecast inaccuracy and cuts inventory 40% with Demand Solutions

Cabling solutions Provider Makes A Connection With Better Forecasts Using Demand Solutions

Nexans Norway’s Marketline division turned to Demand Solutions in 2010 because its Excel‑based forecasting process and manual SAP uploads couldn’t meet competing objectives: customers wanted better service while the business needed to cut inventory. Nexans implemented Demand Solutions Forecast Management to replace spreadsheets and improve item‑ and SKU‑level forecasting.

Demand Solutions delivered a batch forecasting solution (using 26 algorithms), formalized a monthly forecast process with alerts, and was implemented in under three months. The program cut forecast inaccuracy from 80% to 37%, reduced inventory and capital deployed for certain products by 40%, and raised service levels by 5–6 points—reducing overtime, transport and picking costs—and Nexans is rolling the solution out to France, Sweden and Belgium.

Nexans

Kyrre Beenfeldt

Supply Chain Manager for the Division