Case Study: SKF achieves 12% stock reduction with ToolsGroup

SKF reduces stock by 12% with ToolsGroup

SKF, a leading global technology provider and the world's largest bearings producer, faced the challenge of transforming its integrated planning model from regional to global as part of a broader digital transformation. The $9 billion industrial manufacturer sought to improve both effectiveness and efficiency with a more centralized and automated approach to demand planning. To tackle this, SKF partnered with ToolsGroup, implementing their solution for demand planning and inventory optimization.

The ToolsGroup solution enabled SKF to shift its planning organization so that each planner now has global product responsibility, creating one global forecast and end-to-end accountability for each item. This new model, implemented with partner Optilon, resulted in a 12% reduction in stock across the deployed factories and warehouses while maintaining service levels. ToolsGroup also helped SKF improve its ability to handle exceptions and eliminate process latency, leading to faster response times.

SKF