Case Study: Höganäs achieves 50% faster reporting and halved forecast errors with ToolsGroup

Höganäs halves forecast errors with ToolsGroup

Höganäs, the world's leading producer of metal powders, faced a challenge with highly variable demand and an unreliable sales forecasting system that relied on manual effort. This led to high forecast errors and excessive stock in their global supply chain. They partnered with ToolsGroup to migrate to a faster, more reliable system with the goal of reducing inventory levels.

ToolsGroup implemented its demand forecasting and planning solution, complemented by its Demand Collaboration Hub for easy input from the global sales team. This implementation sped up Höganäs' reporting by 50% and halved forecast errors. These improvements provided a stronger foundation for decision-making and freed up the sales team to focus on their core responsibilities.

Höganäs