Strengthen service levels at the lowest possible cost
Optimize your parts inventory to achieve a more connected, reliable, profitable, and customer service-focused aftermarket business.
- Improve the service experience through increased parts availability
- Reduce excess and obsolete inventory and global supply chain costs
- Increase aftermarket revenues and profits
- Improve productivity and make faster decisions
- Eliminate waste and manual errors
Access the right parts, in the right place, at the right time
Rapidly changing technology, market volatility, and increasing customer expectations put a tremendous strain on the aftermarket supply chain and on you and your channel partners to deliver on-demand services. To stay ahead of these pressures, it’s critical to optimize your parts inventory with a SaaS platform that can digitally transform your operations and provide AI- and ML-driven insights to simplify and automate complex processes, increase parts availability, reduce costs, and improve productivity.
Maximize
Optimize the complete service parts supply chain and improve parts availability up to 20%.
Reduce
Lower stock holding, freight, and other aftermarket supply chain costs by up to 40%.
Automate
Eliminate manual processes and waste and expand worker efficiency and customer focus.
Resolve
Run simulations and produce data-driven insights to make swifter, more accurate decisions.
Synchronize your supply chain
Demand forecasting
Close the gap between which inventory items you think you may need and what you will actually need on hand to free up valuable working capital.
- Fine-tune forecasting accuracy by analyzing varying data sets and applying best-fit algorithms
- Calculate probabilities for different demand outcomes
- Make accurate, on-the-fly adjustments based on campaigns and market knowledge
- Aggregate demands across BOM structures and the supply chain
Master aftermarket forecasting challenges
Merge scarce individual parts data with data from similar stocking locations to predict and generate more accurate demand profiles and automatically create millions of forecasts.
Predict the probability of outcomes
Calculate probabilities of different demand outcomes by utilizing individual and related item data and feed the inventory optimization engine with accurate demand distributions.
Manage exceptions in real-time
Adjust forecasts individually—or in bulk—in real-time through automatic outlier detection and critical forecast alerts to proactively manage exceptions.
Plan ahead of service demands
React faster to changes in end customer behavior by aggregating demand and forecasting from the point of sale to upper echelons and from assemblies to components.
Access the right parts, in the right place, at the right time
Inventory optimization
Capture and automate your most intelligent strategies for managing inventory and improve service levels and experiences.
- Optimize inventory across a multi-echelon distribution network
- Order parts in the most economic quantities
- Improve inventory management with cluster analytics
- Deliver parts efficiently
- Reduce total stock holding value up to 30%
Distribute inventory optimally
Allocate inventory across your supply chain by automatically considering vertical and horizontal dependencies and utilizing virtual planning to share parts stock across stock keeping locations.
Calculate accurate replenishment levels
Right-size parts ordering quantities and timings and eliminate the risk of overstocking to keep inventory—and costs—at optimal levels by automatically identifying demand distributions and using best-fit algorithms.
Manage inventory with cluster analytics
Cluster stocking locations with similar demand patterns and use the richer cluster demand data to lay out a more accurate inventory strategy and improve inventory management.
Select the optimal mode of transport
Monitor delivery times to find the optimal balance between time and cost when selecting the transportation mode for your refill order plan, and dynamically adjust lead times based on actual events to ensure accurate data is used in planning.
Refill inventory efficiently and effectively
Stock replenishment
Execute on established calculated inventory replenishment policies for ordering parts stock and to increase their availability by up to 20%.
- Automate stock replenishment
- Mitigate the risk of run-outs
- Maximize order fill up
- Share order schedules and plans with suppliers
Automate parts replenishment
Utilize a policy approval review process engine to automate ordering and parts replenishment to manage stock refills more efficiently.
Ensure parts are available when needed
Minimize and control the risk of run-outs by analyzing forecasts and product lead times to predict when to place rush orders.
Utilize every inch of container space
Ensure that you’re getting every corner of your shipping container filled, or meeting supplier value targets, by automatically identifying tomorrow’s order lines.
Collaborate with your suppliers
Enable order schedule sharing and plan synchronization with your suppliers to improve individual parts delivery accuracy and reactivity.
Differentiate your service operations with advanced analytics
Analytics, simulations, and reporting
Use data to your advantage and unlock opportunities across the entire service supply chain and inventory ecosystem.
- Gain invaluable visibility into inventory operations
- Synthesize millions of data points to produce clear and actionable insights
- Travel back in time and use “what-if” analyses to predict business outcomes
- Use GPS data to track equipment in the field and their location
Analyze operations data
Generate numerous performance optimized reports specifically engineered for the aftermarket to quickly gain insights on your inventory operations and KPIs.
Deploy data-driven insights
Mine your operations data for meaningful insights into anomalies and trends that can propel your business forward and view personalized insights on custom dashboards.
Predict business scenario impacts
Leverage simulation and processing tools to view an alternate past and simulate different scenarios for faster, better decision-making without sacrificing quality.
Monitor your install base
Obtain and track GPS data from machines in the field to better predict at which locations they will be serviced next to improve demand forecasting and parts ordering decision making.
The World’s Leading Manufacturers Choose Syncron
Available Resources
Talk to an Inventory expert
Want to see for yourself why the world’s leading manufacturers choose Syncron for aftermarket service management solutions? Simply complete the form and a member of our team will contact you within one business day. You can also email us at info@syncron.com.