Successful inventory management must reduce excess inventory to the lowest level possible while avoiding stock-outs. Optimal medium- to long-term inventory control policies must be determined considering the unpredictability and complexity of customer demand.
Optimize economic order quantity, safety stock, minimum stock, reorder cycle with respect to service level target and demand.
Always have the right amount of stock in the right places at the right times to satisfy demand and slash costs.
Have full control over your inventory positions and allocation through increased visibility.
Make optimized inventory plans and revise your plans in the face of changing market conditions and fluctuations in customer demand.
Analyze your OTIF performance and inventory fill rate and turn your availabilities into new orders.
Asses the stock days with respect to your company’s stock policies and minimize holding cost.
An electronics company with a wide range of product types and variable due-dates embraced overstock policy by necessity. This was causing high stock holding cost.
The company reduced its stock holding cost 15% with ICRON CCP by allocating inventory in accordance with order priorities, adjusting inventory usage and changing allocations instantly in response to every order alteration.
A company in FMCG sector ramped up its production 1200% over the last 10 years and for this reason was dealing with a huge inventory cost.
The company reduced its stock holding cost 12% by changing allocations according to their prioritization with ICRON CCP. The company got 40% closer to their optimal stock levels by reducing excess stocks.