Smart IP&O web-based platform powers three applications for forecasting, inventory optimization, and reporting / operational analytics. Start with one and expand as your needs evolve. Smart Inventory Optimization (SIO) produces optimal inventory policies to reduce inventory and related costs while increasing service levels, especially when demand is highly variable or intermittent.
Key Features
– Optimize planning parameters based on total lowest cost
– Generate stocking policy based in service level targets
– Patented intermittent demand modeling
– Automatically simulate inventory performance: current policy vs. ‘what if’ scenarios
– Service level-driven optimization, single click returns optimal policy drivers to your ERP
– Calculate supplier lead times
Differentiators
Automatically models inventory performance. Easily create alternative what-if scenarios, agree on optimal policies, and make them so. Single click returns drivers (Preferred Stock Level, min/max or ROP) to your ERP to drive replenishment. Unique methodology for planning intermittent demand.
Who Uses It?
Operations and Financial Management and staff responsible for supply chain and operations planning and procurement. Ideal for automating process of calculating and implementing optimal dynamic stocking policies – min, max, safety stock, reorder point – that drive replenishment.
