“Make to stock” is where production is based on a forecast, with the warehouse being filled with the number of products that will be required to meet demand later. This strategy puts data-assisted forecasting for market developments firmly in the spotlight. These forecasts must be extremely accurate, quick, and free from errors, so that all revenue potential can be harnessed (i.e., without leaving too little or too much stock in the warehouse).
One Data helped Hamberger Flooring GmbH build a data product that automatically forecasts the sales volume for 400 products. The result is much more precise than previous solutions, leading the inventory quality to increase by 25%.
As a subsidiary of Hamberger Industriewerke GmbH—founded in 1866 and now being managed by the fourth and fifth generation of the family—Hamberger Flooring GmbH & Co. KG consolidates all flooring activities under its HARO brand. The portfolio comprises parquet, laminate and cork flooring as well as acoustics solutions for use in interior design. With 2,600 employees, the corporate group generates approximately 350 million euro in revenue annually (as of 31 December 2022) and exports to more than 90 countries worldwide in addition to Germany, its largest single market.
“The solution is almost perfect at meeting our expectations in terms of creating a reliable forecast.”
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