Replenishment and Demand planning
Demand planning, Forecasting & Replenishment is the core activity of a supply chain. Forecast error can lead to excess inventory or inadequate inventory which can result in stock-outs. Not following scientific rules for determining safety stock level and re-order point for generating orders can, in turn, lead to problems of stock-outs and excess inventories. IGSA Demand Planning & Replenishment solution helps to forecast demand using robust statistical techniques that consider trends and seasonalities, and determines safety stock level and re-order point based on target service level, average and variability of demand, average and variability of lead time, and constraints such as MOQ and availability at supplier’s end, and desired utilization of vehicles. It helps to achieve service levels, minimize stock-outs, control inventory levels, speed up inventory turnover, and achieve good utilization of vehicles. Its customizable dashboard leverages exception-based KPIs, enabling users to be proactive to market changes.
Features :
- Generates KPI reports: stock outs, inventory levels, inventory turns, and forecast accuracy/error
- Periodic revision of stocking and ordering norms based on change in demand pattern, product and market priority
- Compliance analysis of planned vs. actual orders and stocks
- Demand forecasting for fast and slow moving products
- Continuous replenishment system: daily order generation and safety stock levels at distributors, dealers, warehouses, depots and retailers
Benefits
- Helps to meet order service level targets for A, B and C class products
- Maximises inventory turns at same time minimises inventory
- Enhance freshness of stocks
- Meet vehicle utilization norms
- Rationalise supplies and orders based on
Case Study
- Rich dividends through multiple scenario optimization of a supply chain network footprint design. Read more
