Product: Inventory PlanningGP

• Economic Cycle Stock
• Safety Stock Optimization
• Service-level Targeting

• Time-phased Inventory Projection
• Inventory Constraints
• ABC & XYZ Classifications
• Scenario Level Scenario Analysis

Advantages

• Assign a target customer service level to each inventory classification
• Utilize multidimensional weighting to more appropriately determine each product’s contribution with ABC analysis (hit frequency, sales, COGs, profit, quantity sold, GMROI, and more)
• Maintain product classing relevance by allowing EOM to automatically compute and update the inventory rank for each SKU-daily, weekly, or monthly
• Drive process improvement using the tracking and performance metrics
• Simulate service level and classification changes to determine overall inventory investment
• Size your inventory to mitigate stock-out risk associated with unpredictable demand events
• Carry less inventory by utilizing dynamic safety stock calculations (carry more in season than you do in the off season)
• Carry only what is necessary—create a unique forecast for each SKU at each location
• Auto-detect and deploy the appropriate safety stocking strategy
• Improve your forecast accuracy and stocking levels by incorporating promotional planning or special ‘events’ into the forecast (i.e. promotions, etc.)
• Match the inventory levels to your strategic customer service level objectives while minimizing cost

Benefits

• Enjoy the efficiency of computational automation with the ability to manipulate key variables that determine the inventory level appropriate for your business
• Increase fill rates on each class of inventory
• Inventory levels set to meet desired service levels and product availability objectives
• Reduce exposure to obsolete inventory
• Decrease lost sales