Inventory Management
Being able to optimise the flow of goods throughout your entire supply chain whether you're a distribution, retail or manufacturing company is a continual pursuit.
The Inventory Optimiser from PCS, is an Inventory Planning solution that increases profits by eliminating unneccessary costs from the supply chain.
The system can produce:
- Lower inventory
- Higher service levels
- Reduced workload
- Better overview
The optimiser is specially designed for operations in the retail, wholesale, distribution and manufacturing businesses. It uses data from Dynamics NAV and automatically selects the best fitting forecasting method to estimate future demand. Order proposals that minimise inventory costs are generated and uploaded back into the ERP system. For more information on the system, press the links.
User Friendly Interface and Automation of the Purchasing Process
The Inventory Optimiser is specially designed to make the work of purchasing & materials management easy; with graphical displays of information, easy to do sales history adjustments, and automation of the purchasing process.
Key Advantages
In addition to making considerable inventory savings, the system will reduce manual work by its automation of many inventory management tasks. Our customers have found that some of the main advantages include:
- Up to 30% reduction in inventory costs.
- Improved service levels.
- Less manual work and increased automation.
- Increased overview with graphical displays.
- Reduction in transportation costs with better utilisation of trucks and containers.
- Implementation of new methodologies and "smart thinking" in the purchasing process.
The Inventory Optimiser is rich in additional features to support inventory management and purchasing procedures. Some of those modules are:
- ABC analysis - Two-dimensional ABC analyses: The simultaneous classification of items based on turnover value and sold units, e.g. AA, AC, BA, etc. This enables users to prioritise their efforts in terms of the importance of each product.
- VMI – Vendor Managed Inventory supports active collaboration between supplier and wholesaler. This module allows vendors to execute forecasts and order proposals based on their clients’ data and preconditions.
- Supplier performance module enables monitoring of supplier’s service level ratio both by order lines and the number of units ordered.
- Purchase plans make it possible to create order plans for the future to increase vendor collaboration and information sharing.
- MRP – Materials Requirement Planning module makes it possible to calculate raw material needs for production items.
- MBE - Manage By Exceptions module enables the user to define exceptions reports to identify items that need special attention e.g. potential stockouts, late deliveries, high forecasting errors, slow movers etc.
- Simulator module - can be used to answer various "what if" questions to evaluate the impact of changed preconditions in the supply chain e.g. lead time, service levels etc.
Arrange a Simulation
To arrange a simulation of how the Inventory Optimiser can reduce your inventory yet maintain or improve your service levels based upon your existing inventory data; please enquire here Please add in the total of value of inventory you currently hold in the comments field.