Case Study: Thule increases service levels and reduces inventory with ToolsGroup

Thule raises service levels from 80% to 92% with ToolsGroup

Thule, a global premium brand for transport and outdoor products, faced significant supply chain challenges due to highly seasonal and intermittent demand for its vast assortment of SKUs. This complexity, managed through a decentralized and manual planning process, led to plummeting planner productivity and service levels that fell below 80%. To combat this, Thule partnered with ToolsGroup to implement an automated demand forecasting and inventory optimization solution.

The ToolsGroup solution provided a centralized, probability-based approach to forecasting and inventory optimization. This enabled Thule to significantly increase its service levels from below 80% to 92% within two years while simultaneously lowering inventory investment. The implementation, which began in Europe and expanded globally, also provided improved reporting tools and gave Thule control over its complex network during a period of considerable sales growth.

Thule