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Inventory management
IBS inventory asset management software defines a unique multilevel distribution network per product, defining where you store the product: with external suppliers or own production for internal supply.
IBS inventory control management software gives you the option to choose what kind of demand forecasting you would like to see in your inventory management system. You can choose from the following demand forecasting options:
- Demand history: Automatic analysis and suggested best method. Also pinpoints slow moving products.
- Copy demand: Copy demand history of old items to the new replacement items.
- Customer forecast: Combine demand history with your customer’s own forecast (Efficient Consumer Response) as a basis for future demand forecasting.
- Production demand: Use demand from production as a base for forecasting. Also lets you control dependent demand.
- Monitoring forecast deviation: Automatic monitoring and adjustment if necessary.
Inventory Segmentation
IBS inventory management software lets you adapt different rules and different user-defined item segmentation for:
- Calculating forecasts
- Economic order quantity
- Re-ordering points
- Safety stock level
This lets you start simply, with the same rule for all items and later simulate and adapt more advanced calculation rules for different item segments, allowing for continuous performance evaluation and improvement over time.
Replenishment Suggestions
Replenishment suggestions created in IBS inventory management optimize both external and internal replenishments. Several suggestion methods based on inventory method, the supply network, actual stock levels and expected demand help you decide when to buy, produce or ship goods between warehouses, optimizing the total inventory situation. Contact IBS for more information. »
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