Lamps Plus Enhances Inventory Management with Manhattan's Solutions

Lamps Plus Enhances Inventory Management with Manhattan's Solutions

In a strategic move to elevate its operational efficiency, Lamps Plus, recognized as the nation's leading specialty lighting retailer, has embarked on an ambitious partnership with Manhattan Associates Inc. (NASDAQ: MANH). This collaboration aims to revolutionize demand forecasting and enhance inventory accuracy through the implementation of advanced technological solutions.

Upgrading Demand Forecasting Strategies

Recognizing the need for enhanced demand forecasting and inventory management, Lamps Plus selected Manhattan as part of its ongoing commitment to modernize technology. Having enjoyed a fruitful partnership with Manhattan for many years, it was a seamless decision to expand their collaboration. The integration of Manhattan's Demand Forecasting and Inventory Optimization (DFIO) solution promises to provide unparalleled forecast precision, even amid complex and evolving market conditions.

Meeting Customer Expectations

Bill Gratke, the chief supply chain officer at Lamps Plus, highlighted the challenges faced with their previous methods, stating, "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." He emphasized the advantages of their ongoing relationship with Manhattan, expressing confidence in their capabilities. The swift implementation of the new system, accomplished in under six months, showcased the efficacy of their partnership.

Implementation of Comprehensive Solutions

Lamps Plus has not only adopted the DFIO solution but has also integrated several advanced technologies from Manhattan. These include Manhattan Active Point of Sale, Store Inventory & Fulfillment, Order Management, Warehouse Management, Labor Management, and Slotting Optimization.

Fulfillment Network Expansion

This modernized system has already been implemented in Lamps Plus's West Coast fulfillment center, which caters to both its e-commerce operations and its 31 physical stores. Additionally, plans are underway for a second fulfillment center on the East Coast, set to become operational in the near future. The advanced Unified Forecasting Method employed by Manhattan is pivotal in optimizing the flow of inventory, ensuring the company maintains the right products at the right places at the right times.

Addressing Seasonality Challenges

As seasonal demand significantly affects business for Lamps Plus, the DFIO solution incorporates simulations to assess the implications of seasonal variations on forecasting accuracy. This proactive approach allows the company to confidently place orders well in advance, ensuring adequate stock levels after key seasonal periods, which further strengthens their inventory management.

Enhancing E-commerce Fulfillment

In an era where e-commerce constitutes a substantial slice of sales for Lamps Plus, the shared inventory pool model facilitated by the DFIO solution enables the company to enhance its fulfillment service levels. The results are impressive: running leaner on inventory while simultaneously minimizing carrying costs and operational expenses.

A Testament to Successful Collaboration

Stewart Gantt, executive vice president of Professional Services at Manhattan Associates, remarked on the long-standing partnership with Lamps Plus, stating, "We’ve had a long and successful partnership with Lamps Plus, including many successful transformational software projects." He underlined the significant improvements made in forecasting accuracy and inventory segmentation as a result of the new implementation.

About Lamps Plus

Established in 1976 and based in Los Angeles, Lamps Plus reigns as the nation’s largest specialty lighting retailer. The company operates a robust e-commerce platform, LampsPlus.com, alongside 35 locations primarily in the western U.S. Lamps Plus provides an extensive collection of lighting and home decor, including unique patented designs and customizable options. Their team, trained by the American Lighting Association, offers expert guidance to customers.

About Manhattan Associates

Manhattan Associates stands at the forefront of technology in supply chain innovation and omnichannel commerce. By consolidating information across various platforms, they effectively align sales with supply chain execution. Their cloud and on-premise solutions empower clients while enabling significant growth and enhanced profitability.

Frequently Asked Questions

What is the purpose of the partnership between Lamps Plus and Manhattan Associates?

The partnership focuses on enhancing demand forecasting and inventory management using advanced technological solutions to improve operational efficiency and customer satisfaction.

What solutions have Lamps Plus implemented from Manhattan Associates?

Lamps Plus has implemented several solutions, including Demand Forecasting and Inventory Optimization, Manhattan Active Point of Sale, and various management systems for inventory and fulfillment.

How does the DFIO solution assist Lamps Plus with seasonality?

The DFIO solution builds simulations to model seasonal demand impacts, allowing Lamps Plus to place timely orders and maintain accurate stock levels during fluctuating seasons.

What are the benefits of the shared inventory pool model?

This model helps Lamps Plus run leaner on inventory while maintaining excellent fulfillment service levels and reducing carrying costs and other operational expenses.

When did Lamps Plus start its partnership with Manhattan Associates?

The partnership has been in place for several years, highlighting a long history of successful projects and collaboration between the two companies.

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