Inventory Planning Blog

Smart Inventory Planning in the Cloud

Posted on Tue, Aug 02,2016@10:29 AM

cloud-computing-resized-600.jpg

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Tags: Inventory Planning, inventory optimization, SaaS, cloud computing

The Cloud and Advanced Inventory Planning

Posted on Tue, Aug 11,2015@09:30 AM

inventory planning, forecasting software

Cloud applications for business are becoming more plentiful. Solutions specifically built for the web are in great demand around the world. Companies are deciding to employ a cloud model to reduce capital and operational expenditure, reduce costs, increase business agility, and boost their ability to deliver IT on demand. Supply chain planning is a prime process for the Cloud.

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Tags: Forecasting Inventory, cloud computing

NetSuite Offers Flexibility for Inventory Planning and Optimization

Posted on Mon, May 05,2014@10:06 AM

Web-based demand planning and optimization products help companies reduce costs, increase productivity and offer a very quick ROI. In concert with a cloud-based ERP system like NetSuite, provides the users with an automated easy to use product. Planning and managing any inventory is a serious challenge and one that can be rewarding if done correctly and efficiently. Automation of the entire planning process from forecasting to replenishment to optimization and analytics is critical in order to keep up with the changes in demand and supply.

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Tags: inventory optimization, cloud computing, NetSuite, Demand Planning, Wholesale Distribution, web based inventory planning, manufacturing, SuiteWorld, retail, Inventory Planning Solutions

Inventory Management - a New Year & New & Better Times

Posted on Mon, Jan 06,2014@10:00 AM

Inventory Planning and Optimization the Key to Your Inventory Success

inventory planning, inventory optimization, cloud, SaaS, ValogixWell, it’s a new year that brings slowly improving global economies. In these challenging times, it is important to balance short term resilience with longer term needs. You will hear a lot about reducing costs, buying less, increasing productivity, improving cash flow and more. It is important to keep these inventory objectives balanced and in perspective. Yes, currently, times are interesting but, as economic growth gains momentum you will need to improve your competitive advantage.

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Tags: cloud, inventory optimization, advanced inventory planning solutions, cloud computing, inventory management, Inventory Planning Solutions

Advanced Inventory Solutions Complement ERP Systems

Posted on Tue, Aug 27,2013@12:01 PM

inventory optimization, inventory planning, ROI, Valogix, ERPAdvanced inventory planning solutions are known as decision support software. This means they are smart systems that forecast and plan optimal inventory requirements. They are superior to commonly used types of software; standard inventory transaction software and spreadsheets. Many of these solutions are both strategic and tactical tools. They cover long range inventory budget planning down to daily replenishment and problem solving.
 
Comparison to Spreadsheets
 
inventory planning, spreadsheet, Valogix, NetSuite, SAP, inventory optimizationSpreadsheets are manual, time consuming. They do not provide intelligent part mix management and part specific forecasts. In addition, spreadsheets are extremely difficult to update and maintain current data effectively, plus they normally cannot be interfaced directly with enterprise and customer relationship software. Conducting quality assurance on the calculations and models is also difficult and based on a study by a leading international consulting firms over 90% of spreadsheets they audited contained significant errors. These errors led to the loss of millions of dollars.
 
Comparison with Standard Inventory Management other or Control Systems
 
Almost every inventory solution is a transaction (accounting) type system. This means they keep track of the physical movement of items on and off the shelf. These are “dumb” systems, meaning they are static and cannot intelligently determine what to stock, project demand, or create a complete replenishment plan. These systems are based on 40 year old plus, methods using ABC as the only part classification technique. They do not have leading-edge Exception Management capabilities which provide "alerts" to the User for unusually occurrences.
 
What Inventory Management Software can do:
 
• keep basic part information like: part number, description, cost, dimensions, etc.
• track parts movement: received, on order, on shelf, removed from the shelf, etc.
• provide a basic reorder point and min/max settings
• record the different bin locations where parts are stored
• provide an order for new parts needed, using standard reorder point, min/max, and safety stock
 
What Inventory Management Software cannot do:
 
• provide a system generated forecast or offer multiple advanced forecasting methods
• manage repair parts and their repair cycle (reverse logistics)
• provide an optimal inventory mix to improve service level while reducing cost
• offer multiple stocking and reordering policies
• manage parts specifically required for PM (preventative maintenance) schedules
• help to reduce overstock and excess part inventory
• manage by exception and provide key user alerts.
 
What Advanced Inventory Planning Solutions CAN DO:
 
• forecast parts demand with multiple models appropriate for different demand patterns
• plan for unlimited part and location combinations (scalable)
• provide advanced calculations for calculating shelf stock and reorder points
• calculate the optimal mix based on dynamic demand changes
• provide time phased plans and order for both new and repair items
• manage by exception and provide alerts to the planner
• identify overstock and excess inventory and provide redeployment strategies
• plan parts for preventative maintenance schedules
• multi-echelon or theatre planning - can plan at every stocking level both real and virtual
      (from master warehouse to stock kept with a field or service engineer)
• plan part life cycle, substitutes and supercedes, and end-of-life parts
 
Combining Transaction Systems + Advanced Planning Solutions
 
Advanced inventory planning, inventory optimization, Valogix, ROI, ERP, NetSuite, SAPplanning solutions do not replace the existing transaction systems. Instead, they are designed to complement and improve existing software. The best of all worlds is to add an advanced planning solution to an existing transaction system. This provides a more complete, robust system that dynamically plans based on what is happening now and projected for the future. Download our free whitepaper to find out more!

Read our DMP Smooth Flow Whitepaper
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Tags: Inventory Planning, cloud, inventory optimization, web based inventory software, cloud computing, Demand Planning, replenishment planning, Spreadsheets

Business One - Inventory Planning Effective and Easy

Posted on Tue, Jan 31,2012@07:00 AM

SAP Pyramid build your own solution resized 600Discover an affordable, seamlessly integrated inventory planning optimization solution to SAP Business One for small and midsize businesses. A solution that frees up your resources (including cash), reduces losses from obsolescence, and increases service levels. The tools you need to forecast, plan, and optimize inventory, manage your business more efficiently and meet the demands of customers and suppliers are powerful and affordable.

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Tags: Inventory Planning, SAP, SAP Business One, inventory optimization, Forecasting Inventory, advanced inventory planning solutions, cloud computing, Demand Planning, replenishment planning, Wholesale Distribution, Supply Chain, Partner Awards, Valogix, inventory management

Inventory Planning - Easier Than You Think

Posted on Mon, Nov 28,2011@12:23 PM

Valogix Optimized Inventory SolutionsDid you know that certain inventory planning solutions are easier to use than ever? Until recently Small and Mid-size Businesses (SMB) did not have affordable, easy to use software tools to help them effectively manage and balance their inventory investment. Software solutions that forecast, plan and optimize an inventory are found in widespread acceptance in large enterprise companies but these solutions can cost between hundreds of thousands to millions of dollars, take months to implement and are generally not affordable or usable by SMBs.

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Tags: Inventory Planning, SAP, inventory optimization, Forecasting Inventory, optimization, cloud computing, NetSuite, Demand Planning, replenishment planning, Wholesale Distribution, Supply Chain, inventory management

NetSuite's SuiteWorld Conference a Huge Success

Posted on Tue, May 31,2011@10:30 AM

If you're a technology nut, you've  describe the imageprobably heard  about  SuiteWorld, NetSuite's premiere conference for all things cloud.

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Tags: Inventory Planning, inventory optimization, cloud computing, SuiteWorld, V8, #NSW11

Do You Love Your Inventory Planning Sofware?

Posted on Thu, May 05,2011@01:46 PM

Every once in  while, we like to toot our own horn.  One of ourIJSS Logo newer customers, and a long time NetSuite customer, Inkjetsuperstore.com (www.inkjetsuperstore.com), recently shared their  experience with implementing VALOGIX Inventory Planning V8 (our SaaS product).

"We are using the Valogix cloud-based application and it was a great decision. It allows me to do my planning anywhere, at any time and is a natural fit with our NetSuite applications," said Ilan Douek, President of Inkjetsuperstore.com.

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Tags: Inventory Planning, inventory optimization, cloud computing, NetSuite, Valogix

User-Friendly and Secure Inventory Planning

Posted on Wed, Apr 13,2011@09:57 AM

If you're still using spreadsheets of yesteryear to plan your computers shaking handsinventory, you are doing too much work. Constantly updating spreadsheets and trying to remember where you made changes leads to errors, resulting in stock outs and over-stocks – and costs you time and money.

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Tags: Inventory Planning, cloud, inventory optimization, Forecasting Inventory, cloud computing, replenishment planning

Are You Ready for the Cloud?

Posted on Wed, Dec 08,2010@11:26 AM

On Tuesday, December 7th, Valogix participated in CiscoTV's presentation on the results of a new research study conducted by Cisco Internet Business Solutions Group (IBSG) which investigated the “public cloud” and the desire of enterprises to use external, on-demand infrastructure and applications. The study reveals that service providers have an opportunity to differentiate themselves and add new revenue-generating services by providing public cloud-computing services.

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Tags: cloud, cloud computing, Savvis, Cisco, Valogix

Cisco Highlights Valogix in Upcoming Webinar

Posted on Mon, Dec 06,2010@10:20 AM

Join us Tuesday, December 7 at 11:00 am EST for the cloudCisco-hosted webinar to discuss the results of the recently released Cisco’s IBSG consulting group survey on cloud computing. The results of the survey are useful for both Service Provider and Enterprise organizations.

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Tags: cloud, cloud computing, Savvis, Cisco, Brian Klingbeil, Scott Puopolo, Valogix