Benefits and Features
Key Benefits
- Reduces risk through enhanced inventory planning by projecting future product needs and orders while also issuing alerts to managers of how much and when to order
- Reduces the cost of inventory by generating a more accurate total of “available inventory,” thereby eliminating unnecessary stock
- Improves overall operational efficiencies within the supply chain where inventory, assets, and labor are concerned
- Enables customer service to manage inventory availability issues—where, when, etc.
Key Features
- Establishes user-defined rules for daily alert generation
- Provides alerts to maintain efficient levels of “safety stock”
- Generates replenishment notices automatically
- Marries real-time ETAs from transit data with information about product flowing through the supply chain
- Offers product visibility at both product/grade level and by multiple modes
- Projects inventory “run out” based on available inventory using consumption/turnover rate
- Provides operational support and creates tactical inventory planning
- Summarizes inventory supply problems for further investigation
