Avnet: A Certified Success
Company Size
1,000+
Region
- America
Country
- United States
Product
- Blue Yonder’s forecasting solution
Tech Stack
- Inventory Management Software
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Revenue Growth
Technology Category
- Functional Applications - Inventory Management Systems
Applicable Industries
- Electronics
Applicable Functions
- Procurement
Use Cases
- Inventory Management
Services
- Training
About The Customer
Avnet, Inc. is one of the world’s largest distributors of electronic components, computer products and embedded technology. The company’s Technology Solutions operating group sells IT solutions, including services, software and hardware, to value-added resellers. Avnet develops custom, converged IT infrastructure solutions for its partners, which involves integrating multiple products or parts from multiple manufacturers into a cohesive customer solution. The company uses the Blue Yonder forecasting capability to plan at the solution-based level and ensure all the parts are available at the time of the order.
The Challenge
Avnet, Inc., one of the world’s largest distributors of electronic components, computer products and embedded technology, was facing challenges in leveraging the full potential of Blue Yonder’s forecasting solution. Although the company had been using the solution for several years, it was not utilizing all of its features, leaving potential benefits unrealized. Avnet planners were still doing certain forecasts manually that could be handled automatically by the Blue Yonder solution. Furthermore, Avnet was not capitalizing on opportunities to provide value-added services for customers and to increase revenue.
The Solution
Avnet decided to better leverage the capabilities of Blue Yonder’s forecasting solution to increase productivity and create standardized planning practices. The company had its planners take a knowledge assessment prior to training to set a benchmark. The proficiency improvements that were gained over five days of training exceeded the company’s expectations. Following the training, the planners began using Blue Yonder’s statistical forecasting techniques for inventory planning. The majority of the total inventory value is now being forecast through the tool, which is a substantial increase. The increased productivity has provided the planning team with more time to focus on new initiatives such as developing custom, converged IT infrastructure solutions for partners.
Operational Impact
Quantitative Benefit
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