Demand, Supply and Inventory Planning and Optimisation
For many organisations, how they manage unanticipated events is a measure of their success and maturity. Leaders have established metrics and alerts that highlight deviations and provide the necessary insights to take immediate remedial action.
Companies use Optimiza to maximise service levels, increase customer loyalty and protect margins. They do this not only by aligning demand and supply processes but also through building, managing and executing a dynamic, agile and responsive demand and replenishment plan.
Formalising the demand and inventory management processes includes defining KPIs and alerts that provide up-to-the-moment visibility.
Optimiza customers align cross-functional teams internally and externally using the continuous improvement framework, and formalise their processes into a structured auditable system.
Forecast accuracy is able to yield a greater equivalent returns on a company’s financials than any other planning activity. Regardless of a company’s level of maturity the need to generate a forecast is constant; there may in fact be multiple versions for multiple purposes: financial and budget planning, incentive management, procurement planning, warehouse sizing, or production planning.
Inventory optimisation plays a pivotal role in “supply/demand balancing”. Unlike traditional inventory re-ordering systems, Optimiza builds a business-specific inventory model that takes into account the unique supply, demand and flow characteristics of each product.
Busy inventory planners have little time to validate supplier information or monitor and prioritise existing orders. The direct result is that orders are placed based on what may be an over or under estimated lead time and potential issues are only identified at the back door.
Variations between suppliers actual lead times and expected lead times are having negative impact supply reliability and create a domino effect into the warehouse and on the shelves which shows in profit margins. Fundamental to the success of the last mile is the replenishment order calculation which requires input from cross-functional and multigeography demand planning processes, finance, procurement as well as inventory policies.
What You Need to Know
Optimiza is used world-wide across a wide range of business sectors including automotive, aerospace, distribution, manufacturing, and retail companies. It enables organisations to configure, manage and execute a dynamic, agile and responsive global demand and/or replenishment plan.