Supply chain planning involves planning of the buying, storing and moving activities involved in supplying/producing products for customer demand. Inventory Planning is one of the most important aspect of the supply chain planning, and inventory carrying costs are typically the most expensive and risky aspect of logistics and supply chain management.
ICRON Technologies provides Advanced Inventory Planning solution for inventory optimization to minimize excess inventory without compromising customer service levels. By implementing ICRON, your company can enjoy benefits like a permanent reduction in working capital or increased sales and higher customer satisfaction. With ICRON you can increase inventory turns which may be a key differentiator between highly successful and more poorly performing companies.
Benefits and features of ICRON Inventory Planning solution are:
- Freeing up working capital by inventory optimization
- Optimized distribution of products among alternative inventory locations
- Lowering inventory levels while keeping high customer service levels
- Easy integration with existing ERP systems and databases which automates data extraction and information preparation
- Fast and robust what-if analysis capabilities with multi scenario comparison
- Decreased inventory planning cycles