Lamps Plus Partners with Manhattan to Improve Demand Forecasting, Inventory Accuracy
Lamps Plus, the nation's leading specialty lighting retailer, has implemented Manhattan's Demand Forecasting and Inventory Optimization solution (DFIO) to enhance forecast accuracy and replenishment visibility. The implementation was completed in under six months at their West Coast fulfillment center, serving both ecommerce and 31 retail stores.
The solution includes Unified Forecasting Method and advanced statistical modeling, utilizing data analytics, machine learning, and AI. A second fulfillment center on the East Coast will implement DFIO in the first half of 2025. The system will help Lamps Plus manage seasonal demand and maintain optimal inventory levels while reducing operational costs.
Lamps Plus, il principale rivenditore di illuminazione specializzata negli Stati Uniti, ha implementato la soluzione di Previsione della Domanda e Ottimizzazione dell'Inventario (DFIO) di Manhattan per migliorare l'accuratezza delle previsioni e la visibilità del rifornimento. L'implementazione è stata completata in meno di sei mesi presso il loro centro di evasione della Costa Ovest, che serve sia il commercio elettronico che 31 negozi al dettaglio.
La soluzione include il Metodo di Previsione Unificato e modellazione statistica avanzata, utilizzando analisi dei dati, apprendimento automatico e intelligenza artificiale. Un secondo centro di evasione sulla Costa Est implementerà DFIO nella prima metà del 2025. Il sistema aiuterà Lamps Plus a gestire la domanda stagionale e mantenere livelli ottimali di inventario, riducendo al contempo i costi operativi.
Lamps Plus, el principal minorista de iluminación especializada del país, ha implementado la solución de Pronóstico de Demanda y Optimización de Inventarios (DFIO) de Manhattan para mejorar la precisión de las previsiones y la visibilidad del reabastecimiento. La implementación se completó en menos de seis meses en su centro de cumplimiento de la Costa Oeste, que sirve tanto al comercio electrónico como a 31 tiendas minoristas.
La solución incluye el Método de Pronóstico Unificado y modelado estadístico avanzado, utilizando análisis de datos, aprendizaje automático e inteligencia artificial. Un segundo centro de cumplimiento en la Costa Este implementará DFIO en la primera mitad de 2025. El sistema ayudará a Lamps Plus a gestionar la demanda estacional y mantener niveles óptimos de inventario, al tiempo que reduce los costos operativos.
Lamps Plus, 미국 최고의 특수 조명 소매업체,는 예측 정확도와 보충 가시성을 향상시키기 위해 맨해튼의 수요 예측 및 재고 최적화 솔루션(DFIO)를 구현했습니다. 이 구현은 전자 상거래와 31개의 소매점을 모두 지원하는 서부 해안의 물류 센터에서 6개월도 채 되지 않아 완료되었습니다.
이 솔루션은 통합 예측 방법과 고급 통계 모델링을 포함하며, 데이터 분석, 기계 학습 및 인공지능을 활용합니다. 두 번째 물류 센터는 2025년 상반기 중에 동부 해안에서 DFIO를 구현할 예정입니다. 이 시스템은 Lamps Plus가 계절 수요를 관리하고 최적의 재고 수준을 유지하는 데 도움을 주며 운영 비용을 절감할 수 있도록 합니다.
Lamps Plus, le principal détaillant d'éclairage spécialisé du pays, a mis en place la solution de Prévision de Demande et d'Optimisation des Stocks (DFIO) de Manhattan pour améliorer la précision des prévisions et la visibilité des réapprovisionnements. L'implémentation a été réalisée en moins de six mois dans leur centre de traitement de la côte ouest, qui dessert à la fois le commerce électronique et 31 magasins de détail.
La solution comprend la Méthode de Prévision Unifiée et une modélisation statistique avancée, utilisant l'analyse de données, l'apprentissage automatique et l'intelligence artificielle. Un deuxième centre de traitement sur la côte est mettra en œuvre le DFIO au cours du premier semestre 2025. Le système aidera Lamps Plus à gérer la demande saisonnière et à maintenir des niveaux de stock optimaux tout en réduisant les coûts opérationnels.
Lamps Plus, der führende Spezialanbieter für Beleuchtung im Land, hat die Nachfrageprognose- und Bestandsoptimierungslösung (DFIO) von Manhattan implementiert, um die Prognosegenauigkeit und die Sichtbarkeit der Nachbestellung zu verbessern. Die Implementierung wurde in weniger als sechs Monaten in ihrem Fulfillment-Center an der Westküste abgeschlossen, das sowohl E-Commerce als auch 31 Einzelhandelsgeschäfte bedient.
Die Lösung umfasst die Vereinheitlichte Prognosemethode und fortgeschrittene statistische Modellierung und nutzt Datenanalytik, maschinelles Lernen und KI. Ein zweites Fulfillment-Center an der Ostküste wird die DFIO in der ersten Jahreshälfte 2025 implementieren. Das System wird Lamps Plus dabei helfen, die saisonale Nachfrage zu verwalten und optimale Bestandsniveaus aufrechtzuerhalten, während die Betriebskosten gesenkt werden.
- Implementation completed ahead of schedule (under 6 months)
- Enhanced forecast accuracy and inventory management capabilities
- Improved operational efficiency through reduced carrying costs
- Expansion to East Coast fulfillment center planned for 2025
- Integration with existing Manhattan solutions for comprehensive operations management
- None.
Insights
The implementation of Manhattan's DFIO solution marks a significant advancement in Lamps Plus's inventory management capabilities. The integration of machine learning and AI-driven forecasting addresses critical pain points in their supply chain, particularly for managing seasonal demand fluctuations and the complexities of a shared inventory pool model.
The solution's ability to simulate seasonal impacts before updating profiles is particularly valuable for Lamps Plus's business model, enabling more accurate long-term inventory planning. This is especially important for managing the Chinese New Year shutdown period, a significant supply chain challenge for retailers. The dual-FC strategy, with the East Coast facility coming online in 2025, suggests a well-planned geographic expansion to optimize delivery times and reduce logistics costs.
The implementation's rapid six-month timeline and the comprehensive suite of Manhattan solutions indicates strong potential for operational synergies and improved efficiency. The focus on leaner inventory while maintaining service levels should positively impact working capital and operational expenses.
This technology upgrade represents a strategic shift towards data-driven inventory management. The integration of Manhattan's Unified Forecasting Method with advanced statistical modeling is particularly noteworthy as it addresses the complex challenge of maintaining optimal inventory levels across both e-commerce and brick-and-mortar channels.
The comprehensive implementation of Manhattan's suite, including POS, Store Inventory and Order Management systems, creates a robust technological ecosystem. This integrated approach should significantly enhance Lamps Plus's ability to manage its omnichannel operations effectively. The solution's AI capabilities in demand forecasting are particularly valuable for a specialty retailer like Lamps Plus, where product assortment and seasonal variations can make traditional forecasting methods less reliable.
Needing to upgrade its demand forecasting and inventory management capabilities, Lamps Plus selected
“Given the complexity and interdependence of demand forecasting and inventory management, and the critical importance of getting it right, we knew our legacy approach was no longer adequate to serve our business needs,” said Bill Gratke, chief supply chain officer at Lamps Plus. “Through our 17-year relationship with
In addition to Demand Forecasting and Inventory Optimization, Lamps Plus has implemented Manhattan Active® Point of Sale, Store Inventory & Fulfillment, Order Management, Warehouse Management, Labor Management, and Slotting Optimization.
Lamps Plus has implemented Manhattan’s DFIO solution at its West Coast fulfillment center (FC) that serves its ecommerce channel as well as its 31 stores. A second FC on the East Coast will go live in the first half of 2025. It includes Manhattan’s Unified Forecasting Method, advanced statistical modeling designed to ensure the ideal state of “right inventory, right place, right time,” all the time.
As seasonality is a major factor in Lamps Plus’s business, Manhattan’s DFIO solution builds simulations that model the impact of seasonal demand on forecast accuracy before profiles are updated. With the improved forecast accuracy, Lamps Plus can confidently place orders months in advance to replenish stocks in late Q1/early Q2 2025, after the Chinese New Year vendor shutdown period.
Ecommerce represents a significant portion of Lamps Plus sales, and the company uses a shared inventory pool approach. With DFIO live at the FCs, Lamps Plus will be able to meet or exceed its fulfillment service levels while running leaner on inventory, saving on carrying costs and other operational expenses.
“We’ve had a long and successful partnership with Lamps Plus, including many successful transformational software projects,” said Stewart Gantt, executive vice president, Professional Services at Manhattan Associates. “With the addition of our DFIO solution, this leading retailer has improved its forecasting, providing significant gains in inventory segmentation and available to commerce (ATC) visibility.”
About Lamps Plus
Established in 1976 and headquartered in
About Manhattan Associates
Manhattan Associates is a global technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers.
Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241209149105/en/
Devika Goel
Manhattan Associates
Tel: +1 470-435-1566
dgoel@manh.com
Source: Manhattan Associates Inc.
FAQ
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