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DO YOU HAVE ERP LIMITATIONS?

When an ERP system alone is not enough for your inventory planning

Most ERP systems “check the box” when it comes to inventory management. But as customer demand and supplier requirements constantly change, ERP systems all too often fall short when it comes to demand and supply planning and the nuances of managing your overall inventory.

Since inventory is typically your company’s largest and most expensive asset, why not have a system in place dedicated to inventory planning that can help you:

  • Avoid stockouts
  • Introduce/support new products
  • Free up the purchasing team’s time from tedious work
  • Set stock and non-stock items
  • Routinely adjust supply to keep in-sync with demand
  • Avoid late deliveries to customers
  • Minimize lost sales
  • Reduce expenditures for “emergency buys”
  • Have the right inventory in the right locations

Getting any one of these goals wrong can directly impact a company’s profitability and customer service levels, and getting them right is exactly where Absolute Value Demand Planning can help!

 
 

Extend rather than replace your ERP system

The Absolute Value Demand Planning solution improves your forecasting and replenishment capabilities without changing your ERP system. With Demand Planning you’ll have all the data you need at your fingertips to make smart, strategic replenishment decisions. The results, in the form of Purchase Orders and Transfer Orders, are then pushed back to your ERP system for execution.

Demand Planning goes above and beyond ERP functionality to:

  • Automatically assign a best-fit formula to each item in each warehouse
  • Extend forecasts up to 52 periods (typically 12-15 months)
  • Use machine learning forecasting
  • Collaborate with customers and vendors
  • Set up hub & spoke branch replenishment
  • Balance inventory between locations
  • Manage forecasting and replenishment for components and finished goods
  • Build container plans
  • Engage in Vendor Target planning
  • Identify surplus and excess inventory

Need a Better Demand Planning System?

7 signs you may want to extend your ERP investment and upgrade your demand planning capabilities.

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