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, unsynchronized, and 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 allows 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 stoking location.
Key Benefits
- Smoothen production operations, minimize reactive management and stock outs
- Gain tighter control of total inventory, identify and reduce dead inventory
- Minimize operating inventory with reduced safety stocks, and optimized replenishment parameters
Key Features
planLM Inventory Optimization solution is specifically designed for rapid execution of our planning systems implementation methodology. Key features are as follows:
- 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 snaphot 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; features 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 implemenation right away, without acquiring any software license or hardware. Contact us for a quick start guide.