Case Study: Nordic Food Company cuts inventory and boosts service levels with ToolsGroup

Nordic Food Company reduces inventory by 10% with ToolsGroup

Nordic Food Company, a leading food company in the Nordics, struggled to balance high product availability with minimizing capital tied up in inventory. The company often held artificially high safety stocks to meet customer demands. They turned to vendor ToolsGroup and its inventory optimization solution to address this challenge.

The ToolsGroup solution provided a detailed understanding of each SKU's unique characteristics, moving away from a one-size-fits-all approach. This allowed Nordic Food Company to optimize its product mix, automate processes, and update safety stocks monthly. The implementation reduced inventory by more than 10%, cut working capital requirements by over 20 MSEK, and increased service levels in the retail channel from 96% to 98%.