TACKLE THESE ROOT CAUSES OF INVENTORY PAIN
Are you an executive that struggles with excess inventory and inadequate customer service levels? Are you an inventory/forecast planner that struggles to manage thousands of items and feels caught between finance and sales? These problems are often the result of three primary root causes that Smart Software helps you address by equipping your enterprise with the means to shape inventory policy, establish consensus on acceptable levels of stock out risk, accurately forecast demand, and identify and rebalance misallocated inventory.
AUTOMATED STATISTICAL ANALYSIS DRIVES INVENTORY MANAGEMENT
Inventory managers struggle with the conflicting priorities of customer satisfaction and cost control. The featured article shows how to harness customer demand data to craft optimal inventory policies:
Measure current inventory policy performance: service levels, fill rates, inventory turns, and ordering costs.
Identify improvement goals: Assessing tradeoffs between inventory investment and the risk of running out.
Find the optimal balance point: Setting reorder points and order quantities that will achieve the results you require and much more in this article.
What Do You Need to Know About Forecasting and Planning Service Parts?
This paper describes Smart Software’s patented methodology for forecasting demand, safety stocks, and reorder points on items such as service parts and components with intermittent demand, and provides several examples of customer success.