Replenishment Planning Software Features
The key to successful replenishment planning is knowing how to resolve potential problems in advance. Our Replenishment Planning Software / Solutions enable you to accurately project demand, supply and inventory levels into the future. You’ll have a realistic picture of your product and material requirements. And you can work proactively with the right supply chain resources, at the right time and cost, to prevent stock-outs.
Time Phased Planning supports a planning process optionally as far as the forecast provides, possibly years into the future. This planning horizons allows for effective communication to vendors to reduce the need for expediting orders. This too is highly beneficial to effectively communicate replenishment orders with off shore suppliers
Negotiate next year’s volumes at this year’s prices
Time Phased Planning assumes the customer does not read the forecast, and order what they will. The system re-plans daily, or multiple times a day, keeping supply and demand in balance, avoiding shortages, ensuring suppliers, distribution, and manufacturing (the supply chain) are synchronized, while meeting the all-important on time delivery metric with minimal inventory
Planning is supported by numerous replenishment rules including lot-for-lot, minimum order quantities, order multiples, maximum order quantities, period order quantity, etc. This flexibility allows items, or groups of items to be effectively managed
Safety Stock or Safety Time provides a buffer for the inevitable demand that exceeds supply. Safety time is a variable safety stock increasing the safety levels in periods of high demand, and reducing levels at the end of a season
The entire distribution network is planned on an inventory pull basis with priorities assigned for full truck, rail, or container loads. This helps transporting prioritized or critical product on each shipment
Planning can be performed at the retail store or door level, or for cross docking at the retail distribution center
Suppliers to retail can plan through a Vendor Managed Inventory (VMI) process to ensure that needed merchandize is on the shelf when customers seek the product. The worst level of customer service is to not have the merchandise available when the customer wants it
Bill of materials supports supplying kits to retail, or planning components for production. This supports the ultimate goal of a balanced inventory