The UK's Alliance & Leicester is to implement Carreker's cash inventory management solution into its Automated Teller Machine (ATM) network.
"We expect Carreker's cash inventory management solution to be an important component of our ATM growth strategy over the next three years, by enabling us to predict and satisfy our customer's cash requirements more accurately and in a more timely way," says Sue Styles, head of ATM business for Alliance & Leicester.
The Carreker solution determines the optimal currency order and shipment amounts for individual branches and ATMs, helping to reduce excess stocks while providing pre-emptive cash shortage alerts.
"Our technology uses demand-based inventory management techniques to identify a daily cash activity profile for each cash point or site. As Alliance & Leicester expands its ATM network, Carreker's solution will determine the right amount of currency needed at branch locations and ATMs, and assist in determining the most efficient cash transportation strategies," says John Carreker, senior VP and managing director of the Dallas-based company's UK operations.
A&L currently operates from 300 branches and 1300 ATMs across the UK.