A collection of inventory optimization frequently asked questions
An inventory optimization software like Intuendi is a tool that can assist businesses in managing and optimizing stock levels. These tools provide visibility on the levels and the future evolution of inventory.
We have a dedicated blog article on inventory optimization.
By reaching optimal stock levels, businesses can fine-tune the investment in their most important asset: inventory.
Both of these functionality are essential in demand planning. Intuendi provides a state of the art solution for both aspects. Read up on our solutions for demand forecasting and inventory replenishment.
Yes indeed. Intuedi lives symbiotically with existing ERP systems, providing seamless integration and secure communication between all entities in your data landscape. Read more in our integrations section.
Intuendi was designed to support complex and evolving distribution networks including multi-location warehousing and multi-echelon inventory distributions. The tool can provide transfer suggestions from parent to child locations or even rebalancing suggestions between child locations or upstream from child to parent.
There are many business verticals that could benefit from using inventory optimization software but the best candidates are production, retail, wholesale, or distribution of consumer goods or any physical items. Basically, any business which holds an inventory of raw materials, finished or semi-finished goods.
The powerful AI behind Intuendi’s sleek interface uses time series analysis data correlation techniques to accurately detect seasonalities and trends. We provide demand-sensing analytics to evaluate short-term demand fluctuations.
We will need to know your distribution structure, sales history, inventory levels and information on any external causal factors involved.
We consider lead times along with production times and rates, latency times, production or supplier availability windows, and any other factors relating to supply. The supplier performance, in terms of delivery times, can be measured and evaluated in our dashboards.
Intuendi is the most flexible demand planning tool on the market. There is almost an infinite number of variables and settings allowing the tool to adapt to almost any business.
No, we can however pull this data at set frequencies from your data sources.
Providing visibility on your stock evolution, using SKU-centered accurate forecasting techniques and with knowledge of replenishment lead times and supplier availability you will be able to see from afar the arisel of any stock-out situation. Intuendi will provide, for every SKU in every location a real-time measurement of the stock-out risk. The same goes for overstock situations, by giving a clear picture of your inventory situation you’ll be able to intervene early to reduce the entity of any overstock situation.
Our shelf life module helps keep track of lot expiry dates and can provide an overview of any deadstock risk.
While the classic concept of safety stock is now superseded by the concept of service levels, intuendi does allow for the definition of static safety stock levels.
No. The concept of EOQ is not part of demand planning as it has to do with logistical factors. However, Intuendi does provide secondary optimization such as container and MOQ solutions, which can be a great addition when suggesting purchase orders.
Learn how Intuendi AIbridges the gap between day-by-day replenishment and strategic supply planning. Plan for growth with Intuendi.
