Automating Inventory Management. Manage your inventory efficiently!

Automating Inventory

ManagementEfficient Stock Management

Competition among manufacturers and distributors continues to rise. Thus, companies are constantly

looking for ways to maximize their efficiency and gain better control over

their warehouse inventory management.

Inventory management

Inventory management challenges are a vexing problem for manufacturers, affecting:

Operational efficiency

Customer satisfaction

Revenue

Main Inventory Management Challenges

Knowing the Inventory

 Company should know what is in stock, what is going to be ordered, the size

(both quantity and shape) of the order, and what needs to be replenished. 

Inefficient Processes Many inventory management

systems are built on or rely on outdated software or manual

processes. That creates incredibly challenging work environment for

anyone involved in the inventory management

process.

Customer Demand

Customers needs are changing every day and it is difficult to

compete with number of suppliers, keep up with those

needs of customers and manage inventory appropriately at the

same time.

Challenges Faced by Distribution Companies

Company goal:profitable business Conflict

Reduce stock

Increase sales

Increase stock

Reduce costs

Inventory Management Approaches

PUSH approach: maximum inventory near to the customer

PULL approach: maximum inventory near to the factory and fast replenishment to the next link in the supply chains

What Can Help Overcome the Challenges?

Inventory Management

Automation Methods

Inventory Management Automation methodsForecastingForecast quality is based on history, expecting it will be repeated in future.

Min – MaxSpecify minimum and maximum inventory levels; when the inventory level drops below the minimum, the action is required in order to bring the balance back up to the maximum.

Dynamic BufferStock buffers are monitored against consumption and dynamically readjusted accordingly.

Automated Forecasting

Min - MaxMain challenge is to find which item requires Min - Max level adjustment.

Min and Max levels for each item must

be adjusted manually;

Min - Max levels must be adjusted

after demand, lead time or

replenishment cycle changes;Automatic Min and

Max adjustments could be done using forecast algorithms, with all the earlier

described problems.

Dynamic Buffer

• Order ONLY what‘s been sold• Stock is enough ONLY till the next

replenishment• Adjust inventory levels ONLY when the

situation changesDemand changes

Lead time changes

Unreliable supply occurs

Permanent customer is

lost

End date of item life-cycle

changes

Promotion campaign

starts

Reacting to the actions of the competitors

Other factors

What Do I Need?

Company needs one tool that could speak everybody‘s language – such as

Soft4Inventory

Efficient Inventory Management SoftwareSoft4Inventory uses well-recognized dynamic buffer technology, together with the LEAN pull replenishment approach, in order to optimize inventory levels efficiently.

Built on Microsoft Dynamics NAV, it helps to increase up to 50 % in the customer service level you want to achieve, and decrease up to 40% in the inventory level during the first year after Soft4Inventory implementation.

Soft4Inventory CalculatorUsing our web calculator you can calculate the approximate benefits your company might achieve after implementing Soft4Inventory.

Try the Calculator NOW

Clients Are Talking...

We chose Soft4Inventory – software solution, using dynamic buffer technology, which resolved our trade-specific challenges better than previously used automated forecasting and MinMax tools. Soft4Inventory is built into our operational Dynamics NAV system; as a result, the IT system load decreased, and we now also have faster access to all the necessary information.

Executive Director Andrius Rinkevicius

Answer these questions How do you manage your

stock?

How much do this impact the real demand?

Because of the human factor, how much additionally YOU must stock in

the supply chain?

How does this affect performance of your company ?

How well do your competitors manage stock?

Contact Us

Need help or a consultation?

Start optimizing your inventory levels today!

Contact us at [email protected] or visit www.soft4inventory.com

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