Case Study: Venture Lighting achieves greater product lifecycle visibility and smarter inventory control with Slimstock (Slim4)

Venture Lighting gain greater visibility of product life cycles

Venture Lighting, a pioneering lighting manufacturer and distributor with over 30 years in the industry, faced increasing assortment complexity, shortening product life cycles and strong seasonal demand (up to 30% peaks). To gain better inventory visibility and manage growing SKU variety, Paul Newbold and his team turned to Slimstock and implemented its Slim4 planning solution.

Slimstock’s Slim4—using BOM functionality, forecasting and a management-by-exception approach—was rolled out in months to help phase in new items, supersede demand between predecessors and manage obsolescence. The result: Venture Lighting gained much clearer inventory visibility, continued reducing stock levels without the previous painful stockouts and successfully handled rapid assortment growth (around 40% of the range introduced since Slim4) while meeting peak-season demand.

Venture Lighting

Paul Newbold

Logistics and Purchasing Manager