International. AkzoNobel made a new acquisition using Terra Technology's solutions to reduce inventory in Europe and Africa and improve demand predictability.
According to the newspaper La Información, the manufacturer of paints and coatings had already carried out tests that allowed it to identify in Europe a 29% reduction in the forecast of errors and that gave it the possibility of minimizing the work in days of inventory.
Terra Technology's Demand Sensing and Multi-Enterprise Inventory Optimization solutions will be used by AkzoNobel. "The increased forecasting accuracy and optimization of stock engine safety that Multi-Enterprise Inventory Optimization provides will help us achieve our key goals of reducing stocks, while improving customer service," said Alain Crottaz, Director of Emea Planning for AkzoNobel.
