Solid ROI: Avocet expects $4-million payback from business software investment

Avocet Hardware Ltd., one of the U.K.'s leading manufacturers of window, door, and merchant hardware, expects a $4 million-plus payback from its investment in business applications from Epicor and Smart Software.


Avocet Hardware Ltd , one of the U.K.'s leading manufacturers of window, door, and merchant hardware, expects a $4 million-plus payback from its investment in business applications Epicor and Smart Software . The company expects these solutions to support business growth by helping to optimize its forecasting and demand management processes.

Avocet, part of the $12.8-billion MASCO Corporation , has been an Epicor customer since 2001. It added the Smart Software solution to its business applications portfolio this fall.

“Avocet has worked very hard over the last two years to ensure that we fully utilize our Epicor Enterprise Resource Planning [ERP] system," says Gary Bennett, supply chain director for Avocet Hardware Ltd. "The addition of SmartForecasts not only delivers strong forecasting technology, but seamlessly supports all of our current processes."

Integrated with Epicor Enterprise, SmartForecasts is a cross-industry solution for demand forecasting, demand planning, and inventory optimization that uses a patented technology for forecasting intermittent or "slow-moving" demand.

Smart Software executives claim this technology yields nearly 100-percent accurate estimates of inventory stocking requirements for any lead time and desired service level.

Epicor Enterprise is a comprehensive end-to-end suite of industry-specific solutions for global mid\market enterprises.

"Based on initial trials in which SmartForecasts was used to recommend optimal inventory stocking levels based on our service-level goals and lead times, we can target a one-year return-on-investment of approximately [U.S.] $1.6 million,” says Avocet’s Bennett. “In year two, we expect these savings to reach around [U.S.] $4 million. As Avocet continues its growth into new and existing markets, we realized the need to further enhance our forecasting technology. Together, Epicor and SmartForecasts will allow us to reduce inventory and improve cash flow while continuing to improve our service levels."

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me