Hargreaves Foundry advances with K8 Manufacturing

Hargreaves Foundry

“Stock holdings have been reduced by around 17% - with greater visibility, demand forecasting and max/min functionality.” Helen Thornber, Group Finance Manager, Hargreaves Foundry.

 

Hargreaves Foundry specialises in the manufacture and distribution of cast iron products. Having diversified and expanded its products to service customers’ changing requirements, the company implemented K8 Manufacturing to take the business forward.

Focussing on the system’s most tangible benefits, customer service features strongly for Hargreaves Foundry. Being able to process orders from national customers with multiple points of delivery, into a single invoice point, is a major time saver.  Likewise, accommodating line by line discount structures also ensures accurate pricing. “Stock holdings have been reduced by around 17% - with greater visibility, demand forecasting and max/min functionality.  Lead times on standard items have also been shortened by at least two days; made possible by having two months’ supply of finished goods available in the picking area - replenished from bulk storage. With improvements in stock record accuracy, our ‘on time in full delivery performance’, which we were unable to properly measure before, is up from around 95% to over 99%.”

 

Gains and benefits

  • Business growth and development
  • Efficiency improvements identified
  • Comprehensive process review
  • Swift user acceptance
  • Greater functionality
  • More efficient SOP
  • Better customer service
  • Reduced stock holding
  • Demand forecasting
  • Improved management info
  • Supporting future needs

 

Hargreaves Case Study