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iDistribute
Advanced Planning and Replenishment:
Managing inventory levels intelligently and effectively is a key element in any
organization's bottom line. The purpose of Replenishment is to find the correct
balance between superior customer service, minimized inventory investment, and resource
constraints such as workload and storage capabilities. Inventory levels that are
too low decrease sales by causing customers to go elsewhere, and inventory levels
that are too high erode profits. Consequently, the focus of the Replenishment module
is to answer two simple questions with the best possible values:
· How much should I order?
· When should I order it?
To accomplish this, the data collection and math routines in the Replenishment module
calculate two critical numbers: the item’s order point (OP) and high point (HP)
as well as many supporting and associated values, such as the item’s usage forecast,
average replenishment lead time, and excess point. You can allow the module to automatically
calculate these numbers, or you can manually override values whenever necessary.
Replenishment uses information from the Purchasing, Order Entry, and Inventory Management
modules to calculate stock replenishment orders, minimizing duplication of data
entry and incorporating ongoing transaction data into the replenishment calculations.
iDistribute Advanced Planning and Replenishment application is designed to help
an organization strategically lower inventory costs while maintaining an excellent
customer service. The Advanced Planning and Replenishment application allows distribution
firms to effectively track, manage and forecast demand usage patterns and seamlessly
integrate those patterns into a flexible and predictable purchasing strategy.
The Advanced Planning and Replenishment application helps optimize inventory levels
and therefore give a higher order fill rate.
The iDistribute Advanced Planning and Replenishment features include
Powerful tools for Demand Forecasting
Demand Management
Flexibility to tune the system
Sophisticated Analysis capabilities
Generation of Recommended to buy orders
Lead Time management
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