Case Study: Construction Equipment Parts achieves 15% inventory reduction with StockIQ Technologies

Construction Equipment Parts reduces inventory 15% with StockIQ Technologies

Construction Equipment Parts, a U.S.-based distributor of replacement parts, faced the challenge of forecasting demand for 14,000 sporadic SKUs with unpredictable sales patterns. Their manual, spreadsheet-driven processes were time-consuming and led to an inventory imbalance between fast and slow-moving items. They turned to StockIQ Technologies for a solution to this complex planning problem.

StockIQ implemented its dynamic order policy system, built specifically for sporadic demand, which automated planning and recalculated inventory needs daily. As a result, Construction Equipment Parts achieved a 15% overall inventory reduction in one year while strategically rebalancing stock to prioritize high-velocity items. The solution from StockIQ also provided improved visibility into stock levels and freed the team from manual updates.

Construction Equipment Parts