Maintaining the optimal balance between available stock to meet service levels and investment in inventory is a trade-off, and many companies err on the side of keeping stock levels high as a buffer against demand uncertainty. But what’s enough stock? Which customers or products need it most? Can current service levels be met or exceeded with less inventory?
Infor SCM Inventory Planner helps analyze, model, and strike the right balance between target service levels and inventory. You can redistribute inventory according to the predictability of customer demand, ensuring it’s put to the best possible use in meeting tailored service levels. You also profit from the optimal use of one of your most important assets—increasing stock turns—which directly impacts your competitiveness.
A global supplier of medical equipment to hospitals has increased its end-customer fill-rate by 6%, while dramatically decreasing the incidence of direct-to-customer shipments, by introducing a VMI program using Infor’s demand and distribution planning solutions.
Inventory Planner helps you reach peak efficiency by enabling you to carefully control working capital investments—and target them at the right point in your supply chain to significantly enhance service levels. You’ll get stock levels right by calculating time-variable safety stock and target stock values for every product at every location in your network. You’ll get customer service levels right by comparing different inventory scenarios and committing the winning strategy to the system. By simulating the impact on service or stock levels of a reduction in lead-time, or including the potential benefits of increased forecast accuracy, you can achieve the optimal balance between service levels and inventory investment and do more with less. Users regularly report increases in customer fulfillment of up to 10%, while reducing their overall stock values up to 30%.
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