Inventory Optimization Software

Syncron Inventory Optimization software utilizes multi-echelon optimization in combination with sophisticated multi-pareto product segmentation to calculate the right stock width and the right stock depth for any given stock location as a function of the target customer service level. These unique optimization functionalities ensure that the right products are held in stock to meet the desired end customer service levels.

Multi-Echelon Optimization
Multi Echelon optimization incorporates multiple warehouses and multiple supply chain levels at once calculating a global inventory optimum. Based on pre-defined target service level towards the end customers only, the system will optimize total inventory cost and set the optimum re-order points in the whole multi-echelon scope.

The effect of dependencies between the different warehouses, dealers and suppliers in combination with end customer target service level can be simulated and visualized in the system. This provides planners with decision support as well as a deep understanding of the relationships between different levels in the supply chain.

Parameter Driven Inventory Optimization
The multi-echelon optimization software is complemented with parameter driven optimization. The inventory policy settings in the system incorporate a combination of picks class, frequency and VAU class for the item. As the sales volumes or frequency change for a SKU the system automatically moves it within the inventory policy based on the parameter set determining what products to keep in stock, optimizing safety stock, reorder levels and the Economic Order Quantity.

In addition, this powerful inventory planning optimization system is fully flexible and enables you to set service levels on the sales channel product groups, based on different demand types, on SKU level – or based on any combination of these.

Supply Chain Visibility
Syncron Inventory Optimization software enables you to see inventory across the entire supply chain network no matter how many channels, products or outlets you have. Not only can you see the status of your inventory at every point of your supply chain, you can share inventory information internally and externally.

Process Automation Combined with Exception Management
Syncron Inventory Optimization software provides a range of special features for process automation and is designed to direct users to exceptions. Process automation for improved efficiency in combination with preconfigured exception management reduces the time taken to detect and respond to changes.

Minimal Cost for your Service
Syncron Inventory Optimization software secures your customer service level ambitions while providing the best inventory mix on the shelf achieving the best trade–off between inventory and service level. This has a direct impact on your bottom line result.

Learn more on how Syncron solutions can help your business, request more info today.