Menu

Inventory Optimization

Because it’s a fine line between too much and too little.

Real-time inventory optimization


Real-time inventory-demand alignment


Manage by Exceptions


Prioritize. Act now

Monitor. Predict. Optimize

OpsVeda – Inventory Management continuously monitors inventory position and demand data from internal and external sources. It proactively identifies potential excesses and shortages, and prescribes action to restore the balance between inventory, projected supply, and demand. It analyzes excess inventory to identify root cause—late arrivals? Customer cancellations? Returns? Poor forecasts?

OpsVeda real-time actionable storyboards for Inventory Management

Key Benefits

  • Increase Revenue

    Reduce out-of-stock through real-time monitoring of demand, stocks at internal and partner locations, production schedules and planned inward movements.

  • Free up working capital

    Reduce buffer stock through better visibility to demand, supply, production and inventory.

  • Improve service levels

    Improve fill-rate and timeliness through better alignment of stocks at different locations to demand.

  • Reduce inventory costs

    Reduce spoilage, distress sales and other carrying costs.

Process

BUSINESS REALITY

  • SKU proliferation
  • Unpredictable demand
  • Customer affinity for “Freshness”
  • Complex products with extensive and deep Bill-of-Material

OPERATIONAL CHALLENGES

  • Granular inventory visibility
  • Inventory at the wrong locations
  • Managing shorter shelf-lives
  • Too many production halts due to unexpected raw-material/ sub-assembly shortages

THE OPSVEDA SOLUTION

  • Exception based alerts to SKUs needing attention
  • Prescribed inventory re-balancing
  • Business user defined alerts to manage expiry driven promotions
  • Real-time comparison inventory position of complete BOM to production schedules

Request a Demo

captcha

Please enter the code above to confirm that you are real!

Phone: 1-855-OPS-VEDA