Inventory management software

order managementprocurement managementindustrial

Optimize stock levels in the logistical - distribution chain For companies, Inventory management, or stock management, is a key element to optimize the logistics service level and meet customer expectations. For this reason, within the logistics-distribution chain, stock management must include solid inventory planning. The definition of an infinite capacity replenishment plan is achieved through the analysis of some factors: | Sales forecasts and their reliability | Target service level | Orders | Stocks | Replenishments Main features of inventory management software In order to manage the inventory and to optimize the stock, vendor management inventory is handled directly by the company: | Plans monthly target stock profiles, finding the best trade-off between service level, coverage depth and inventory management costs. | Configures different coverage policies at different product/market aggregation levels and calculates target stock for every logical node in the logistics network | Generates a Master Production Schedule by conciliating monthly strategic targets with real stock availability according to a set of inventory policies | Calculates the replenishment plan for every logical node in the logistics network and allows top-down and bottom-up analysis of stock coverage, replenishment and trends | Forces service levels, safety stock, target stock and replenishment values