- Forecast by SKU, cost, item, currencies, margin, country, channel, customer location, etc.
- Drive inventory and safety stock levels according to customer requirements using the Service Level Optimizer
The inventory carried to support customers and sales is a significant cost to manufacturing, distribution and retail businesses. Inventory planning techniques strive to minimize investments in inventory in order to reduce costs, maintain competitive advantage and increase ROI. But accomplishing these tasks in the volatile, complex world of supply chain management is challenging, particularly in an economy where sales are no longer keeping pace with historical trends and demand planning is more challenging than ever.
When you implement Demand Solutions Requirements Planning, either separately or integrated with our Forecast Management solution, you gain supply and demand visibility and cost savings. Demand Solutions Requirements Planning can help you better plan and manage your inventory positions by utilizing sophisticated, industry-standard forecasting and requirements planning algorithms.
As we’ve demonstrated time and again to customers using our supply chain management solutions, it is possible to optimize inventory and increase customer service levels. In fact, with the complete supply chain visibility and the uniquely flexible inventory planning strategies provided by Demand Solutions Requirements Planning, it’s actually pretty easy. With our powerful Requirements Planning system used in conjunction with effective demand planning techniques, we can help you fulfill more replenishment strategies and quickly optimize your inventory to help meet the needs of even your most demanding customers.
We hear it time and time again from prospective clients: “Shortcomings in our inventory planning process are killing us. Our inventory is higher than ever before, and yet our best customers are screaming for product?”
Murky supply chain visibility, poor forecast management techniques and reliance on inflexible systems all contribute to frequent stock outages, increased inventory costs and poor customer satisfaction. With Demand Solutions Requirements Planning, heightened visibility of material requirements result in a better allocation of resources and more efficient inventory planning and safety stock.
Some items are more profitable than others. Some customers’ needs may be more critical than others’. Demand Solutions enables you to automatically assign ABC Codes to objectively quantify the relative importance of each item and each customer in order to optimize inventory levels. ABC codes can help you manage and tweak Inventory planning strategies.
Most inventory planning systems are rigid and inflexible – unlike the reality of supply chain management.
Demand Solutions Requirements Planning takes constraints such as production and shipping capacities, seasonality, material shortages and allocations, labor and warehouse space into consideration in its planning calculations.
Demand Solutions provides a panoramic view of even the most complex supply chains. As your inventory planning data and strategies change and ripple throughout your supply chain, you can quickly evaluate and execute new plans of action.
A number of companies use Requirements Planning as a multi-purpose tool – applying the system’s planning logic to their finished goods and raw materials planning as well as to their distribution plans. You can explore different planning scenarios using Requirements Planning’s “What-if” analysis to see the effects to your bottom line.
Requirements Planning provides informed responses to your dynamic challenges by enabling you to simulate a variety of different planning scenarios before you commit to a plan. And the system is fast! It lets you simulate the impact of different demand and supply strategies in just a matter of minutes.
See how Demand Solutions Requirements Planning has led to supply chain planning success for thousands of companies by visiting our customer videos page.
Let us show you--with your own data--how Demand Solutions Requirements Planning can benefit your business.
Learn more about our custom reporting and analysis tool - DS View.
There are many ways to cut costs and find operating efficiencies besides cutting jobs...
Now more than ever, companies need to actively seek out best practices and practical initiatives that will free working capital while maintaining customer satisfaction.
Demand Solutions LogoThe macro-economic situation facing manufacturers today is extremely challenging with a perfect storm of volatile fuel prices, reduced consumer spending and challenges in getting credit.
Demand Solutions LogoWritten by Demand Solutions, a leading supply chain management software vendor, this white paper is an anecdotal account of its customers' most common inventory management mistakes along with best-in-class solutions to the problems.
Next to your employees, inventory is your largest asset. Why are you planning your inventory with a $500 spreadsheet?
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