Syncron Inventory Planning software and optimization utilizes a sophisticated multi-pareto product segmentation to calculate the right stock width and the right stock depth for any given stock location as a function of the target customer service level. This unique product segmentation analysis ensures that the right products are held in stock to meet the desired customer service levels. SKU’s are attached to one of the parameter sets driving the optimal inventory policy for the stocking location.
Parameter driven inventory optimization
Inventory Planning software and optimization policy settings with the system incorporate a combination of picks class, frequency and VAU class for the item. Safety stock levels are automatically calculated based on the combination of demand type, target service levels, the supplier lead times and variability of supply as well as the replenishment frequency.
As the sales volumes or frequency change for a SKU the system automatically moves it within the inventory policy based on the parameter set determining what products to keep in stock and optimizing safety stock, reorder levels and the Economic Order Quantity. In addition, this powerful inventory planning optimization system is fully flexible and enables you to set service levels on the sales channel product groups, based on different demand types, on SKU level – or based on any combination of these.
Supply chain visibility
Syncron Inventory Planning software enables you to see inventory across the entire supply chain network no matter how many channels, products or outlets you have. Not only can you see the status of your inventory at every point of your supply chain, you can share inventory information internally and externally.
Long term order plans can be made available to the suppliers for better collaboration and for long term view of the future replenishment requirements. The impact of suppliers not delivering on time can have a major impact on customer service levels if the appropriate steps are not taken in time to alleviate the problem. Syncron measures the supplier performance to ensure that any supplier delays are not affecting the service to the end customers.
Process automation combined with exception management
Syncron Inventory Planning software provides a range of special features for process automation and is designed to direct users to exceptions. Process automation for improved efficiency in combination with preconfigured exception management reduces the time taken to detect and respond to changes.
The system alerts you immediately on occasions such as if there is a risk to run out of products or you have excess stock due to a swift demand change or if the service level is below target for a product. The more products you have or the more extensive your supply network is, the more you need inventory optimization.
Syncron Inventory Planning software secures your customer service level ambitions while providing the best inventory mix on the shelf achieving the best trade tradeoff between inventory and service level. This has a direct impact on your bottom line result.
