planLM Inventory Optimization Solution
Right Protection for Your Master Plan
Inventory is essential for smooth execution of a supply chain; it stands as a buffer against unforeseen events, uncertainties, and unsynchronized and/or uncoordinated activities. Too little of it creates lost sales, expensive expedited actions, or down times. Too much of it locks cash unnecessarily in the form of operating assets.
planLM Inventory Optimization solution helps you to operate your supply chain at lowest inventory levels without sacrificing customer service requirements by determining optimal inventory targets and replenishment quantities for each product at each stocking location.
Key Benefits
- Smooth production operations, minimizing reactive management and stock outs
- Gain tighter control of total inventory, identifying and reducing dead inventory
- Minimize operating inventory with reduced safety stocks, and optimized replenishment parameters
Key Benefits
- Multi-echelon modeling, considers the effects of multiple inventory buffers along the supply chain in determining optimal safety stock and replenishment targets
- Comprehensive constraint modeling, inherently models storage capacities, location-based inventory budgets, multi-level service contracts
- Flexible Service Measures, models a mix of customer service measures, such as off-the-shelf order fill rate, or probability of stock out service measures
- Flexible data synchronization ability, connects to virtually any data source, including ERP/legacy systems, for data load and plan commit with scheduling ability
- Inventory snapshot reporting, presents tabular, geographic, and graphical reports of inventory plans by reason
- "What if" capability, supports multiple business scenarios with ability of capturing multiple versions of forecasts, side-by-side plan comparison utility
- Validation of operational feasibility provides full-featured supply chain simulation to validate the operational feasibility of scenarios by providing detailed information on expected behavior of key performance indicators before physically implementing them.
- OnDemand deployment option, enables you to start your inventory optimization system implementation right away, without acquiring any software license or hardware. Contact us for a quick-start guide.