{"id":23,"date":"2024-12-19T21:12:31","date_gmt":"2024-12-19T21:12:31","guid":{"rendered":"https:\/\/lightingnewsnow.com\/?p=23"},"modified":"2025-01-01T23:05:59","modified_gmt":"2025-01-01T23:05:59","slug":"lamps-plus-implements-new-inventory-optimization-platform-to-improve-demand-forecasting-inventory-accuracy","status":"publish","type":"post","link":"https:\/\/lightingnewsnow.com\/?p=23","title":{"rendered":"Lamps Plus Implements New Inventory Optimization Platform"},"content":{"rendered":"\n

Manhattan Associates<\/a> Inc. (NASDAQ: MANH) has announced that Lamps Plus<\/a>, the country\u2019s largest specialty lighting retailer, has implemented its Demand Forecasting and Inventory Optimization solution (DFIO) to improve forecast accuracy and visibility into replenishment cycles while maintaining demanding customer expectations.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

Needing to upgrade its demand forecasting and inventory management capabilities, Lamps Plus selected Manhattan as part of an ongoing technology modernization effort. A longtime partner of Lamps Plus, Manhattan was a logical choice to expand its footprint with its best-in-class solution that harnesses the power of data analytics, machine learning, and artificial intelligence to deliver unmatched forecast accuracy, even in the most complex and dynamic scenarios.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cGiven 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,\u201d said Bill Gratke, Chief Supply Chain Officer at Lamps Plus. \u201cThrough our 17-year relationship with Manhattan, they\u2019ve delivered time and again, which made this decision that much easier. This implementation was among the smoothest we\u2019ve experienced, completed flawlessly in under six months.\u201d<\/p>\n\n\n\n

In addition to Demand Forecasting and Inventory Optimization, Lamps Plus has implemented Manhattan Active\u00ae Point of Sale, Store Inventory & Fulfillment, Order Management, Warehouse Management, Labor Management, and Slotting Optimization.<\/p>\n\n\n\n

Lamps Plus has implemented Manhattan\u2019s DFIO solution at its West Coast fulfillment center that serves its ecommerce channel as well as its 31 stores. A second fulfillment center on the East Coast will go live in the first half of 2025. It includes Manhattan\u2019s Unified Forecasting Method featuring advanced statistical modeling designed to ensure the ideal state of \u201cright inventory, right place, right time,\u201d all the time.<\/p>\n\n\n\n

As seasonality is a major factor in Lamps Plus\u2019s business, Manhattan\u2019s DFIO solution builds simulations that model the impact of seasonal demand on forecast accuracy before profiles are updated. With the improved forecast accuracy, Lamps Plus can confidently place orders months in advance to replenish stocks in late Q1\/early Q2 2025, after the Chinese New Year vendor shutdown period.<\/p>\n\n\n\n

Ecommerce represents a significant portion of Lamps Plus sales, and the company uses a shared inventory pool approach. With DFIO live at the fulfillment centers, Lamps Plus will be able to meet or exceed its fulfillment service levels while running leaner on inventory, saving on carrying costs and other operational expenses.<\/p>\n\n\n\n

\u201cWe\u2019ve had a long and successful partnership with Lamps Plus, including many successful transformational software projects,\u201d said Stewart Gantt, Executive VP\/Professional Services at Manhattan Associates. \u201cWith the addition of our DFIO solution, this leading retailer has improved its forecasting, providing significant gains in inventory segmentation and available to commerce  visibility.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Manhattan Associates Inc. (NASDAQ: MANH) has announced that Lamps Plus, the country\u2019s largest specialty lighting retailer, has implemented its Demand Forecasting and Inventory Optimization solution (DFIO) to improve forecast accuracy and visibility into replenishment cycles while maintaining demanding customer expectations. Needing to upgrade its demand forecasting and inventory management capabilities, Lamps Plus selected Manhattan as part of…<\/p>\n","protected":false},"author":2,"featured_media":234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":24,"footnotes":""},"categories":[11],"tags":[7],"class_list":["post-23","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"yoast_head":"\nLamps Plus Implements New Inventory Optimization Platform - Lighting News Now<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lightingnewsnow.com\/?p=23\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lamps Plus Implements New Inventory Optimization Platform - Lighting News Now\" \/>\n<meta property=\"og:description\" content=\"Manhattan Associates Inc. (NASDAQ: MANH) has announced that Lamps Plus, the country\u2019s largest specialty lighting retailer, has implemented its Demand Forecasting and Inventory Optimization solution (DFIO) to improve forecast accuracy and visibility into replenishment cycles while maintaining demanding customer expectations. Needing to upgrade its demand forecasting and inventory management capabilities, Lamps Plus selected Manhattan as part of…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lightingnewsnow.com\/?p=23\" \/>\n<meta property=\"og:site_name\" content=\"Lighting News Now\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-19T21:12:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-01T23:05:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2024\/12\/lamps-plus-feature.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Linda Longo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Linda Longo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23\"},\"author\":{\"name\":\"Linda Longo\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#\\\/schema\\\/person\\\/7b91a4fcdfd101c1a8cd62bed02204e5\"},\"headline\":\"Lamps Plus Implements New Inventory Optimization Platform\",\"datePublished\":\"2024-12-19T21:12:31+00:00\",\"dateModified\":\"2025-01-01T23:05:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23\"},\"wordCount\":455,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/lamps-plus-feature.jpg\",\"keywords\":[\"business\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23\",\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23\",\"name\":\"Lamps Plus Implements New Inventory Optimization Platform - Lighting News Now\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/lamps-plus-feature.jpg\",\"datePublished\":\"2024-12-19T21:12:31+00:00\",\"dateModified\":\"2025-01-01T23:05:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#\\\/schema\\\/person\\\/7b91a4fcdfd101c1a8cd62bed02204e5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#primaryimage\",\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/lamps-plus-feature.jpg\",\"contentUrl\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/lamps-plus-feature.jpg\",\"width\":1440,\"height\":500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=23#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/lightingnewsnow.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lamps Plus Implements New Inventory Optimization Platform\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#website\",\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/\",\"name\":\"Lighting News Now\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/lightingnewsnow.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#\\\/schema\\\/person\\\/7b91a4fcdfd101c1a8cd62bed02204e5\",\"name\":\"Linda Longo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g\",\"caption\":\"Linda Longo\"},\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lamps Plus Implements New Inventory Optimization Platform - Lighting News Now","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lightingnewsnow.com\/?p=23","og_locale":"en_US","og_type":"article","og_title":"Lamps Plus Implements New Inventory Optimization Platform - Lighting News Now","og_description":"Manhattan Associates Inc. (NASDAQ: MANH) has announced that Lamps Plus, the country\u2019s largest specialty lighting retailer, has implemented its Demand Forecasting and Inventory Optimization solution (DFIO) to improve forecast accuracy and visibility into replenishment cycles while maintaining demanding customer expectations. Needing to upgrade its demand forecasting and inventory management capabilities, Lamps Plus selected Manhattan as part of…","og_url":"https:\/\/lightingnewsnow.com\/?p=23","og_site_name":"Lighting News Now","article_published_time":"2024-12-19T21:12:31+00:00","article_modified_time":"2025-01-01T23:05:59+00:00","og_image":[{"width":1440,"height":500,"url":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2024\/12\/lamps-plus-feature.jpg","type":"image\/jpeg"}],"author":"Linda Longo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Linda Longo","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lightingnewsnow.com\/?p=23#article","isPartOf":{"@id":"https:\/\/lightingnewsnow.com\/?p=23"},"author":{"name":"Linda Longo","@id":"https:\/\/lightingnewsnow.com\/#\/schema\/person\/7b91a4fcdfd101c1a8cd62bed02204e5"},"headline":"Lamps Plus Implements New Inventory Optimization Platform","datePublished":"2024-12-19T21:12:31+00:00","dateModified":"2025-01-01T23:05:59+00:00","mainEntityOfPage":{"@id":"https:\/\/lightingnewsnow.com\/?p=23"},"wordCount":455,"commentCount":0,"image":{"@id":"https:\/\/lightingnewsnow.com\/?p=23#primaryimage"},"thumbnailUrl":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2024\/12\/lamps-plus-feature.jpg","keywords":["business"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/lightingnewsnow.com\/?p=23#respond"]}]},{"@type":"WebPage","@id":"https:\/\/lightingnewsnow.com\/?p=23","url":"https:\/\/lightingnewsnow.com\/?p=23","name":"Lamps Plus Implements New Inventory Optimization Platform - Lighting News Now","isPartOf":{"@id":"https:\/\/lightingnewsnow.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/lightingnewsnow.com\/?p=23#primaryimage"},"image":{"@id":"https:\/\/lightingnewsnow.com\/?p=23#primaryimage"},"thumbnailUrl":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2024\/12\/lamps-plus-feature.jpg","datePublished":"2024-12-19T21:12:31+00:00","dateModified":"2025-01-01T23:05:59+00:00","author":{"@id":"https:\/\/lightingnewsnow.com\/#\/schema\/person\/7b91a4fcdfd101c1a8cd62bed02204e5"},"breadcrumb":{"@id":"https:\/\/lightingnewsnow.com\/?p=23#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lightingnewsnow.com\/?p=23"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lightingnewsnow.com\/?p=23#primaryimage","url":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2024\/12\/lamps-plus-feature.jpg","contentUrl":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2024\/12\/lamps-plus-feature.jpg","width":1440,"height":500},{"@type":"BreadcrumbList","@id":"https:\/\/lightingnewsnow.com\/?p=23#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/lightingnewsnow.com\/"},{"@type":"ListItem","position":2,"name":"Lamps Plus Implements New Inventory Optimization Platform"}]},{"@type":"WebSite","@id":"https:\/\/lightingnewsnow.com\/#website","url":"https:\/\/lightingnewsnow.com\/","name":"Lighting News Now","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lightingnewsnow.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/lightingnewsnow.com\/#\/schema\/person\/7b91a4fcdfd101c1a8cd62bed02204e5","name":"Linda Longo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g","caption":"Linda Longo"},"url":"https:\/\/lightingnewsnow.com\/?author=2"}]}},"_links":{"self":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/23","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23"}],"version-history":[{"count":4,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/23\/revisions"}],"predecessor-version":[{"id":247,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/23\/revisions\/247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/234"}],"wp:attachment":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}