Lamps Plus Partners with Manhattan to Improve Demand Forecasting, Inventory Accuracy
December 09 2024 - 11:52AM
Business Wire
Manhattan Associates Inc. (NASDAQ: MANH) announced today that
Lamps Plus, the nation’s leading specialty lighting retailer, has
implemented Manhattan’s Demand Forecasting and Inventory
Optimization solution (DFIO) to improve forecast accuracy and
visibility into replenishment cycles while maintaining demanding
customer expectations.
Needing to upgrade its demand forecasting and inventory
management capabilities, Lamps Plus selected Manhattan as part of
an ongoing technology modernization effort. A longtime partner of
Lamps Plus, Manhattan was the logical choice to expand its
footprint with its best-in-class solution that harnesses the power
of data analytics, machine learning and artificial intelligence to
deliver unmatched forecast accuracy, even in the most complex and
dynamic scenarios.
“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 Manhattan,
they’ve delivered time and again, which made this decision that
much easier. This implementation was among the smoothest we’ve
experienced, completed flawlessly in under six months.”
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 Los Angeles, Lamps Plus
is the nation’s largest specialty lighting retailer, operating a
thriving e-commerce business, LampsPlus.com, along with 35 stores
in the western United States. Lamps Plus carries a full range of
lighting and home furnishings, including exclusive patented designs
and artisan-made customizable shades and lamps. The company's
American Lighting Association-trained staff provides expert advice.
Follow @LampsPlus on social media: Instagram, Pinterest, YouTube,
Facebook, TikTok, and X (formerly Twitter). To learn more about the
history of the company, visit our About Us page.
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.
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Devika Goel Manhattan Associates Tel: +1 470-435-1566
dgoel@manh.com
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