# HMV: Achieving Efficiency

## Background

- Founded in London in 1921
- 119 stores nationwide, with over 1600 employees
- Part of Sunrise Records
- 2022 Turnover £150.8 million

## Results

- 25% reduction in inventory to achieve same service level
- Reduction in volume of recall, leading to improved supplier relationship
- Reduction in overall head count for inventory administration
- Central management of product in store

## Solutions

- [Demand Planning](/content/demand-planning/index.html)

HMV achieve efficiency by implementing sofco’s [Demand Planning](/content/demand-planning/index.html) module.

Founded in London, UK in 1921, HMV has operations throughout the UK. As part of Sunrise Records they have 199 stores and over 1600 employees, achieving a turnover of £150.8 million in 2022.

## Objectives

- Centralise range management
- Optimise inventory levels in store
- Improve initial allocation of chart product to store
- Increase forecast reactivity and accuracy

## Solution

- Store Forecasting
- Supplier DC Replenishment
- DC to Store Replenishment
- Supplier to Store Replenishment
- New Release Chart Management
- Back Catalogue Management
- Store Ranging

## Results

## How other organisations partner with sofco

### British Bakels, improves forecast accuracy through sofco Planning

British Bakels, a manufacturer and distributor of tailor-made ingredients, improves forecast accuracy through sofco Planning.

### Carrington Textiles reduce manufacturing costs with sofco Planning

Carrington Textiles, the UK’s largest producer of workwear fabrics, enhance planning capabilities and reduce manufacturing costs.

### Galderma roll out sofco’s Sales & Operations Planning

Leading pharmaceutical skincare company, Galderma, reduce inventory and obsolescence in their global Supply Chain as they continue to roll out sofco’s Sales & Operations Planning.