Houston, Texas - The end of 2015 marked the end of Presto Maintenance Supply's (Presto) first year using the P4 Inventory Optimization Solution. Presto was happy to report that P4 helped them reduce turn inventory levels by 23% while cutting customer back orders by 40%.
Presto's sales increased by over 20% in the fourth quarter of 2015 compared to the fourth quarter of 2014. During that same period, customer back orders were reduced by 40% and actual inventory was reduced by 3%. However, at that time, nearly 20% of their inventory was in the form of investment buy inventory. "The net result compared to the same quarter a year ago was effectively a 20% increase in sales with a 40% reduction in customer back orders with a 23% reduction in turn inventory." Said Jeff Galt, Owner/President of Presto Maintenance Supply. He then added "Needless to say, we were very pleased."
"I think this is a good representation of the impact of our first year of using P4." Said Scott Brandt, Director of Operations at Presto Maintenance Supply, upon first sharing the information with P4.