A Decision Support System that attempts to combine Statistical and Operation Research techniques with the business specific skill sets gathered over a period of time.
Inventory Management is part of Arkenis continuous improvement process. This is an option available to our clients, utlising our cutting edge analytical product.
It is a software tool that has capabilities for Dynamic Inventory Analysis, Replenishment Planning and Demand Forecasting of your Independent-Demand inventory.
This analytical tool is used for:
- Reducing Working Capital tied up in Inventory
- Re-engineered Replenishment Process leading to Optimal Stocking
- Improving Market Share and Sales by achieving desired Service Levels
- Demand Forecasting through proven Statistical methods
Though many organisations claim that they are able to access and manipulate data to improve the efficiency of daily operational processes, fact is that large volumes of data often prevent or slow down the implementation of effective solutions. More than often Enterprise Resource Planning or Transaction Processing systems implemented in organisations are not geared towards micro analysis and optimisation of the inventory investment.
The Replenishment Planning Process does not take into account all the parameters, inherent to the products, which are responsible for causing inventory.
In such situations, inventory management techniques used, usually are subjective, and optimisation levels achieved are based on collection of individual skill sets.
This approach may or may not deliver results that are in tune with corporate objectives set on customer service levels or inventory turn ratios.
We can help you implement a re-engineered Inventory Management process, using tools like DynaStock. We deliver the solution through a consultative approach between ourselves and various tiers of your organisation.
Through this model we can ensure a sustainable optimisation of your inventories. Contact us for further information on Products and Services.
Your Benefits with Demand Forecast based Inventory Management:
- Increased Customer Satisfaction through Increased Availability
- Additional Pull Through Sales (reduce lost sales multiplier)
- Reduced Inventory (working capital)
- Better Control/ Reduce Management Cost (reduced overdue and back orders)
- Optimisation of Space