Inventory Simulation
Determine the optimal inventory policy through simulation in multiple what-if scenarios.
What it is
- The Inventory Simulation App is a great tool to simulate different inventory policies.
- Define demand, lead time, initial inventory and set the parameter ranges you want to simulate for your product/SKU.
What it delivers
- Determine the optimal inventory policy through simulation in multiple what-if scenarios in terms of service levels achieved.
- No-risk way to test inventory policy changes in a safe environment.
What are the benefits
- Save money through avoiding too much inventory or stock-outs.
- Meet customer service expectations through tuning inventory parameters.
- Interactive dashboard to analyze and share results with colleagues and customers.
Optimize Inventory Policies to meet Customer Service and Cost Requirements
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With all of the inventory optimization software and solutions available, why are you still struggling with either too much inventory or stock-outs? The Inventory Simulation App is a powerful tool to try out different parameter settings and compare KPIs of different scenarios.
Compare different Scenarios based on import KPIs and select the optimal one for your SKU
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Mark the required KPI ranges on the interactive dashboard and filter out all scenarios that meet customer requirements.
Test Inventory Policy Changes in a safe Environment
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Test new parameter combinations at no-risk in a sandbox environment. Extract demand data from your ERP system and simulate different policies. After selecting the optimal strategy, transfer the new policy back to production.
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Specific Supply Chain Planning problem?
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