Camlab Ltd Slashes Inventory with VALOGIX Inventory Planner
Saratoga Springs, NY - March 24, 2010
Valogix LLC, a provider of inventory planning and optimization solutions announced today that its customer, Camlab Ltd has achieved a full return on investment on the purchase of its inventory planning software, VALOGIX® Inventory Planner, in under six months. Camlab Ltd reduced inventory by 7.5%, reduced dead stock by almost 50% and increased productivity by 75%.
In less than six months, we dramatically reduced inventory levels across all of our lines, and increased service levels at the same time, notes Maurice Riley, Operations Manager for Camlab Ltd. We also gained a huge increase in our productivity. Before implementing VALOGIX Inventory Planner, we spent at least 8 hours a day sorting through spreadsheets to manually approve or delete the purchase orders our software recommended. After implementation, we spend fewer than three hours a day and are confident that the numbers are spot on.
In 2007, Camlab Ltd, a laboratory equipment distributor acquired Patterson Scientific Ltd, combining inventories for total of 40,000 SKUs and a value of £1.6M (approximately US$2,400,000). Six months into the acquisition, Camlab had already reduced the inventory through write-offs and attrition, but they knew there had to be a less costly and most efficient way. Six months after the VALOGIX implementation, Camlab realized a decline in overall inventory value down to £740,000 (approximately $841,000 USD) and experienced a dramatic increase in service levels across all lines. Dead inventory, once valued at £384'000 (approximately US$436,352) experienced a decrease of nearly 50% in just six months, to just £202'000 (approximately US$229,539). Finally, Camlab estimates they have reduced labor by 75% (30 man hours a week) or £15'278 (approximately US$20,677) per year.
Camlab's results are indicative of the kinds of gains and reductions our customers typically see after implementing VALOGIX Inventory Planner, comments Tom Glacken, Senior VP of Sales and Marketing at Valogix LLC. Working with great partners like Balloon One, our distributor in the UK, we are able to offer enterprise-level software solutions that really work to reduce costs, improve productivity and offer a fast return on investment - at a cost any company can afford.
About Valogix
Since 1988, the founders of Valogix have been leading innovators in advanced inventory planning and optimization solutions. These solutions automatically forecast demand, set optimal stocking levels, replenishment items, and optimize the inventory. Valogix solutions are easy to use, affordable and provide rapid ROI. Within months of implementation, businesses realize dramatic cost reductions, improved productivity, and increased customer satisfaction.
Valogix is located in Saratoga Springs, New York and has hundreds of customers and representatives covering North America, Central and South America, Europe, and the Asia Pacific region. Valogix is a global, Gold Level partner of SAP and Premier Business Partner of IBM. Visit the company website at: Valogix Website ( http://www.valogix.com).
About Camlab Ltd.
Camlab has been supplying water testing and laboratory equipment for nearly 60 years and has unrivaled experience. Our expertise in the supply of laboratory products, instrumentation and consumables for scientific applications is backed up by our highly qualified and experienced service team. This gives you a unique level of support for your purchase for its entire lifetime.
Visit the company website at: http://www.camlab.co.uk
About Balloon One
Balloon One is an IT provider specializing in the distribution, implementation and support of business software and supply chain applications. We pride ourselves in both our product and business know-how. It is the combination of this knowledge which enables us to deliver real value for our customers. Visit the company website: http://www.balloonone.co.uk
Valogix LLC, a provider of inventory planning and optimization solutions announced today that its customer, Camlab Ltd has achieved a full return on investment on the purchase of its inventory planning software, VALOGIX® Inventory Planner, in under six months. Camlab Ltd reduced inventory by 7.5%, reduced dead stock by almost 50% and increased productivity by 75%.
In less than six months, we dramatically reduced inventory levels across all of our lines, and increased service levels at the same time, notes Maurice Riley, Operations Manager for Camlab Ltd. We also gained a huge increase in our productivity. Before implementing VALOGIX Inventory Planner, we spent at least 8 hours a day sorting through spreadsheets to manually approve or delete the purchase orders our software recommended. After implementation, we spend fewer than three hours a day and are confident that the numbers are spot on.
In 2007, Camlab Ltd, a laboratory equipment distributor acquired Patterson Scientific Ltd, combining inventories for total of 40,000 SKUs and a value of £1.6M (approximately US$2,400,000). Six months into the acquisition, Camlab had already reduced the inventory through write-offs and attrition, but they knew there had to be a less costly and most efficient way. Six months after the VALOGIX implementation, Camlab realized a decline in overall inventory value down to £740,000 (approximately $841,000 USD) and experienced a dramatic increase in service levels across all lines. Dead inventory, once valued at £384'000 (approximately US$436,352) experienced a decrease of nearly 50% in just six months, to just £202'000 (approximately US$229,539). Finally, Camlab estimates they have reduced labor by 75% (30 man hours a week) or £15'278 (approximately US$20,677) per year.
Camlab's results are indicative of the kinds of gains and reductions our customers typically see after implementing VALOGIX Inventory Planner, comments Tom Glacken, Senior VP of Sales and Marketing at Valogix LLC. Working with great partners like Balloon One, our distributor in the UK, we are able to offer enterprise-level software solutions that really work to reduce costs, improve productivity and offer a fast return on investment - at a cost any company can afford.
About Valogix
Since 1988, the founders of Valogix have been leading innovators in advanced inventory planning and optimization solutions. These solutions automatically forecast demand, set optimal stocking levels, replenishment items, and optimize the inventory. Valogix solutions are easy to use, affordable and provide rapid ROI. Within months of implementation, businesses realize dramatic cost reductions, improved productivity, and increased customer satisfaction.
Valogix is located in Saratoga Springs, New York and has hundreds of customers and representatives covering North America, Central and South America, Europe, and the Asia Pacific region. Valogix is a global, Gold Level partner of SAP and Premier Business Partner of IBM. Visit the company website at: Valogix Website ( http://www.valogix.com).
About Camlab Ltd.
Camlab has been supplying water testing and laboratory equipment for nearly 60 years and has unrivaled experience. Our expertise in the supply of laboratory products, instrumentation and consumables for scientific applications is backed up by our highly qualified and experienced service team. This gives you a unique level of support for your purchase for its entire lifetime.
Visit the company website at: http://www.camlab.co.uk
About Balloon One
Balloon One is an IT provider specializing in the distribution, implementation and support of business software and supply chain applications. We pride ourselves in both our product and business know-how. It is the combination of this knowledge which enables us to deliver real value for our customers. Visit the company website: http://www.balloonone.co.uk