Window specialist, Eurocell, says it has used artificial intelligence to release £1.86m in its inventory.
The manufacturer, distributor, and recycler of UPVC window, door, and conservatories, has worked with Manchester’s Peak on the tech solution.
Peak was brought in to help the company balance inventory levels across its 220 stores. That meant ensuring product availability without overstocking, in order to maintain customer satisfaction, reduce customer churn, and optimise working capital.
“As a long-standing Peak customer, Eurocell continues to explore innovative solutions across inventory management and customer intelligence,” explained Richard Potter, CEO at Peak.
“By investing in advanced AI practices, Eurocell is poised for sustained growth, setting a benchmark for operational excellence and customer-focused innovation in the manufacturing and distribution sector. It’s great to see the benefits our solutions can deliver to them.”
Peak said that its Inventory AI tech uses real-time tracking and AI-powered demand forecasting. Algorithms provide dynamic restocking targets tailored to Eurocell’s operational needs and these were then integrated into Eurocell’s ERP system, so that the entire brand network has visibility.
“Partnering with Peak has revolutionised how we manage inventory. The insights provided by its AI-powered solutions have enabled us to achieve a delicate balance between ensuring availability while minimising excess stock,’ said Kevin Sherwood, Head of Planning and Customer Service at Eurocell.
“The benefits to our operations and, more importantly, to our customers, are significant. Our team now has the real-time information we need to make informed, long-term decisions.”
According to Eurocell it’s led to £1.86m in inventory being released, freeing up capital for reinvestment and operational efficiency. There’s also been a 6.7% increase in product availability.