 Prescient.com > Solutions > Supplier Solutions > Distribution Planning > Inventory Planning
Inventory Planning: Providing the Right Balance Between Inventory and Service
Key Features
- Configurable inventory visibility pane showing, for example, available inventory, forecast over lead time, days coverage, effective service level and inventory cost
- Multiple user controlled thresholds for inventory policy calculations such as minimums, maximums, multiples, turns and days of supply
- Configurable, granular lead time parameter considering administrative time, promotional lead time, receiving time, shipping and/or manufacturing lead time and review time
- Graphical and tabular display of the relationship between service level and safety stock cost
- Graphical display of the impact of forecast error on inventory consumption
- Ability to configure views of data, focusing on problem areas such as stock-outs or high stock items
- Tracks inventory performance and policy effectiveness by reporting actual results versus plan targets
- Control of inventory parameters at group, product or product/location levels
In today’s volatile consumer products market, you can’t afford excess inventory and its associated costs. Meanwhile, with competitors breathing down your neck, you have to provide top-notch customer service.
With Prescient’s Inventory Planning, you can achieve that balance between inventory investment and optimal customer service levels. Our robust software solution makes it easy to manage the complex sets of data and parameters that impact your business, including seasonal builds, desired service levels, and manufacturing constraints. You get a clear picture of the cost of service, and can make the necessary adjustments to your inventory levels, knowing how it’s going to impact your bottom line.
With Inventory Planning, your decisions are more informed and your supply chain is more efficient.
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