Inventory Overview
Multidimensional view of inventory. Comparison between on-hand inventory, planned inbounds and customer order/forecasts to identify SKUs/locations with too much or too little inventory
Inventory
Optimization
OpsVeda’s Inventory Optimization solution monitors inward and outward movements in real-time to prescribe preventive and mitigative actions against inventory shortages and excesses. The optimized inventory levels results in fewer missed sales while reducing inventory holding costs.
Solution Coverage
Inventory Shortage Handling
Identify SKUs for internal transfers, pulling-in purchases and substitution
Excess Inventory
Identify SKUs/transactions for purchase push-out, returns and scrap
Physical Reconciliation
Use machine learning to learn from past reconciliations to identify SKUs/Bins for physical count
Actions Enabled
- Push-out or cancel POs
- Promotions, Returns to vendor, Scrap
- Physical inventory counts
Benefits
Revenue
upto
02%
OTIF
upto
27%
Inventory
upto
07%
Stoppages at shopfloor
upto
08%