Case Study: Kronans Apotek reduces inventory and improves service with ToolsGroup

Kronans Apotek cuts inventory 15% with ToolsGroup

Kronans Apotek, a major Swedish pharmacy chain, faced a challenge with its decentralized inventory management of approximately 27,000 items. They struggled to manage seasonal patterns and frequent product changes, resulting in high inventory levels. Their goal was to decrease inventory by 15% while increasing service levels by 1.5% and freeing up staff time. To address this, they partnered with vendor ToolsGroup to implement its inventory optimization solution.

ToolsGroup's solution automated and centralized the demand planning and inventory optimization process. This enabled Kronans Apotek to calculate optimal replenishment parameters daily, leading to a 15% reduction in inventory and a 1% increase in service levels. The highly automated process saved time equivalent to 24 full-time employees, allowing staff to focus more on customer service. The ToolsGroup software also provided the agility to adapt to promotional campaigns and seasonal variations.

Kronans Apotek