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 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 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
Inventory Optimization

Benefits

Revenue

upto

02%

OTIF

upto

27%

Inventory

upto

07%

Stoppages at shopfloor

upto

08%

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