Case Study: Elit Group achieves forecasting accuracy and inventory optimization with Syncron Inventory™

Elit Group reaches forecasting and optimization goals with Syncron’s service parts management solution

Elit Group, a major automotive spare-parts distributor in the Czech Republic and part of the LKQ Group, faced the challenge of managing roughly 160,000 stocked parts across a multi-echelon network while relying on heavy manual processes, poor forecasting, and misaligned stock levels. To address goals of improving parts availability, optimizing inventory and stock levels, and increasing transparency, Elit Group has been using Syncron’s service parts management solution, Syncron Inventory™.

Syncron implemented Syncron Inventory™ to create virtual inventories, automate repetitive purchasing and distribution tasks, and deliver advanced forecasting and inventory-policy management across central, regional and branch levels. As a result, Syncron helped Elit Group extend stocked ranges by 10–30% in many regions, increase overall availability by 3–6%, and reduce lost sales by about 40%, while cutting manual effort and lowering total cost of ownership.

Elit Group

Jiri Vorlicek

Manager, Supply Chain