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Case Studies

Wiha x nVentic: Inventory Optimization Success Story

Wiha & nVentic: Inventory Optimization Success Story

Reducing Stock by 10%+ While Improving Service Levels

🔧

Wiha

One of the world’s leading manufacturers of hand tools for professional use in trade and industry

80+ years of excellence as a family-owned business

📊

nVentic

Inventory optimization specialists providing advanced analytics and advisory support

nVstocks Inventory Evaluation technology

The Challenge

⚠️
+25%

Stock increased 25%+ in value during 2021 supply chain disruptions
Need to reduce excess inventory while maintaining optimal service levels

The Solution

🔍

Full Inventory Analysis

Comprehensive evaluation of all inventory data and performance metrics

🎯

Advisory Support

Expert guidance and strategic recommendations for implementation

⏱️

Quick Timeline

Ready to act on inventory two weeks after starting

💰

Freeing Working Capital

Strategic Reduction of Inventory to free up Budget

Key Results

+10%
Stock Reduction
in 1 Year
+30%
Total Potential
Identified
↗️
Improved
Service Levels

Implementation: 2023

Benefits Achieved

✓
Identified obsolete inventory
✓
Removed excess stock
✓
Maintained optimal stock levels
✓
Improved customer service
✓
Reduced tied up working capital
✓
Enhanced inventory management capabilities

Client Testimonial

“nVentic’s technology allowed us to significantly reduce levels of unnecessary inventory while maintaining optimal stock levels. This has made a significant impact, and we look forward to continuing our partnership with nVentic.”

Stefan Hildbrand
Head of Order Fulfilment, Wiha

“nVentic’s Inventory Evaluation is a great enhancement to our inventory management capabilities, allowing us to ensure availability of product for our customers while reducing excesses.”

Manuel Wehrle
Chief Operating Officer, Wiha

Case Study: March 2024 | nVentic Inventory Optimization

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