Inventory Management & Replenishment is designed to help you align your inventory with customer demand. This product will aid in your forecasting and demand management, while also helping you manage your replenishment. This product can help you make smarter buying decisions by giving your staff the information they need to make better informed decisions.
Forecasting & Demand Management - This software will automatically assign each item in your inventory to an appropriate forecast model based on it’s historical demand pattern. Additionally, you are prompted to enter information such as lead time, and customer service level, to further align forecasts to your business objectives. Forecasts take seasonality, sporadic demand and your business cycles into account when generating forecasts. All numeric forecasts are combined with sales forecasts to generate a blended picture of demand that accurately models customer behavior.
Replenishment Management - OverDrive Solutions Inventory Management and Replenishment will automatically generate suggested replenishment orders by item, warehouse, and buyer. Alerts for exceptions are setup to help your buyers quickly identify items that need their immediate attention. Integrated workflow allows your Buyers to research and resolve item exceptions without ever having to exit suggested replenishment orders, providing vastly improved productivity for your Buyers. You are also able to set rules for suggested replenishment orders such as minimum order quantities, minimum dollar amounts, truck load orders, etc. The solution helps to identify items that can help “round out” a suggested replenishment order without creating an increase in inventory.
Exception Management & Analysis - This product provides you with 30 key performance indicators (KPI’s) that help you measure and track your inventory performance (e.g. turns, return on inventory investment, return on safety stock, months supply on-hand and projected inventory value).
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