Order Execution: A Vital Component of Improving Demand and Supply Planning Activities—Don’t Entrust it to Spreadsheets
Replenishment order calculation is fundamental to the success of supply chain planning. You need to quickly incorporate data from cross-functional, global demand planning processes and inputs from finance and procurement as well as inventory policies.
Using Optimiza order execution, you can simplify this complex process and move away from spreadsheet-based tools and subjective decision-making. Focusing on both the inbound and outbound orders, Optimiza takes into account all internal and external constraints of the supply chain for reliable and auditable replenishment.
Optimiza focuses on the inbound supply orders incorporating supplier pallet constraints, fill container, minimum value/volume constraints and supplier specific calendars, events and seasonality while still ensuring the outbound delivery orders adhere to transport, cage, store/branch capacity, and smooth picking guidelines to maintain warehouse and transport efficiency. Optimiza also manages the deployment of the available inventory throughout the network, the investment of additional inventory when and where required and the utilization of the company’s manufacturing assets.
Optimiza Enables Findel Education Resources to Optimize Stock Levels and Find Significant Savings
Findel Education Resources, are the UK’s leading independent educational resources supplier. The challenge facing the company with over 100,000 SKUs was the need for reduced response times, seasonal changes, inventory cost management and changes in accounting year to term-time milestones. Market and technology sophistication challenged the requirements of achieving getting the right items in the right place at the right time. To help Findel keep pace with the market, it moved from spreadsheets to inventory planning software, Optimiza, enabling them to optimize stock levels. Given the volume of supplies they had previously been keeping, this has resulted in vast savings. Tighter control of inventory has led to less capital being tied up in stock that wasn’t required hence resulting in millions of pounds worth of savings.