Inventory Planning Blog

Challenges when you need to combine MRP & DRP Inventory Planning

Posted on Tue, Apr 06,2021@05:08 PM

 

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Tags: Inventory Planning, in the Cloud, advanced inventory planning solutions, cloud computing, web based inventory planning

Valogix Optimized Inventory Planning Customers Speak Out

Posted on Tue, Feb 02,2021@09:45 AM

Here are some of our customers talking about the increased inventory performance and control they have with VALOGIX Inventory Planner.

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Tags: advanced inventory planning solutions

Effective and efficient supply chain inventory planning for the 21st Century

Posted on Tue, Apr 09,2019@05:45 AM

Your Choice to Change is Not So Easy, or is It?   

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Tags: advanced inventory planning solutions, forecasting

Spreadsheets and Inventory Planning

Posted on Tue, Mar 05,2019@06:44 AM

The vast majority of companies that maintain an inventory use spreadsheets and reports. Some companies have had their overburdened IT departments build them a custom solution. In the scheme of things, these choices may work for a time but after a while they become a barrier to successful inventory planning. So, do you stay with the manual burdensome current process or move to a better way to plan? 

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Tags: advanced inventory planning solutions

Business Investment Tax Deductions for 2013 - Section 179 at a glance

Posted on Tue, Dec 03,2013@10:31 AM

Overview:

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Tags: web based inventory software, advanced inventory planning solutions, forecasting, inventory management

Inventory Optimization Provides Significant Advantages

Posted on Tue, Oct 08,2013@10:00 AM

There are a lot of inventory planning solutions available from all types of companies around the world. Many are designed for large enterprise companies as they cost hundreds of thousands of dollars and are highly complex. Some so complex a math or science degree is required just to operate the system. Others at the low end may be just point solutions for just forecasting, as an example, or offer individual modules you need to buy separately.

Most of these solutions include a forecasting capability either their own or from an included third-party provider. They usually also offer min and max levels, safety stock and replenishment calculations. Most require you to manually set replenishment levels and have you select the appropriate forecast method.

But how many offer real inventory optimization and why is this important? There are many reasons why inventory optimization is critical for conducting business in today’s ever challenging economic climate.

First of all is the cost of carrying, holding and managing an inventory. The costs for most items are steadily increasing, real estate costs and taxes are up and shipping costs are through the roof. Inventory optimization provides a great balanced inventory to meet expected demand, while reducing costs and better controlling spend for additional stock purchases. Planning in a timelier manner reduces the need for expediting orders in from vendors, which in-turn reduces the need for expediting shipments to customers.

Secondly, optimization dramatically improves the financial performance of an inventory because buying and stocking are more in-line with expected customer demand. It helps to reduce and almost eliminate the future build-up of excess inventory and dead stock.

Third, there are too many known and unknown variables that can affect your inventory and subsequent customer service levels to manage properly. Just forecasting and planning your inventory leaves you wide-open to problems in meeting both your financial goals and customer expectations. Trying to plan with spreadsheets is even a worse situation that will eventually lead you to higher costs and lower service producing a higher level of customer dissatisfaction and lost business.

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Tags: Inventory Planning, inventory optimization, advanced inventory planning solutions, Inventory Planning Solutions

Inventory Turns - The Sun Will Come Out Tomorrow

Posted on Mon, Feb 11,2013@09:40 AM

Inventory Turns:

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Tags: advanced inventory planning solutions, inventory turns, Valogix

Business One - Inventory Planning Effective and Easy

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

Discover 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 and Optimization for 2012 – The Clear Advantage

Posted on Tue, Jan 10,2012@11:44 AM

Happy New Year!  2012 brings the promise of improving global economies. Balancing short term resilience with longer term needs is what is needed now.  Reducing costs, buying less, increasing productivity, improving cash flow is important, and to keep these inventory objectives balanced and in perspective you need an efficient way to optimize these important business demands.   Improve your competitive advantages responsibly and efficiently with inventory planning optimization solutions.  Waiting until its too late in your ordering cycles will invite your customers to investigate other opportunities, and that can happen by making the reduction of the wrong item at the wrong time.
 
If your company tends to reduce items with the highest investment because it creates a larger reduction faster, what it actually does is creates potential stock outs, higher backorders and increased expedited shipping – and, even more importantly, customer dis-satisfaction.  We all know that when customers are unhappy they become former customers.  Randomly cutting inventory has been proven time and time again to be the wrong strategy as does overstocking your inventory.

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Tags: Inventory Planning, SAP Business One, cloud, inventory optimization, SaaS, Forecasting Inventory, advanced inventory planning solutions, replenishment planning, IBM, Wholesale Distribution, Supply Chain, manufacturing

Why Aren't You Investing in Inventory Planning Solutions?

Posted on Mon, Aug 01,2011@09:52 AM

Investing in smart solutions that improve your inventory planning is an important business decision and necessary in today’s global and troubled economy. Sometimes the concept of spending money to save money is very hard to accept. There are no guarantees the investment will pay off, so there is some level of risk involved. But, is it any riskier to do nothing? To maintain the status quo?
There are many reasons or excuses for not upgrading to a modern, easy to use advanced inventory tool.

Which Category do you fall in?

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Tags: SaaS, advanced inventory planning solutions

Free Webinar: Boost Your After Tax Profits

Posted on Mon, Jun 20,2011@11:34 AM

Is your company taking advantage of the tax legislation signed into law last December? If you're not, you're not alone.

Combining these tax incentives with business and inventory optimization systems, companies are provided a rare and short-lived opportunity to boost after-tax profits while reinvesting and growing their  businesses. These incentives expire at the end of this year, so don't wait any longer!

On Thursday, June 30 at 2:00pm EST, join experts from KPMG, Aberdeen Group, Valogix and EntryPoint Consulting as they discuss how to use these current tax incentives to boost your bottom line.

The expert panel includes:

Nick Canitano, Managing Director - Tax Services at KPMG:
How to use the tax, accelerated depreciation and other business benefits of the legislation to your advantage.

Rich Vaccaro, President & CEO at Valogix:
How inventory planning and optimization can produce up to a 20% reduction in inventory to free up capital.

Kevin Prouty, Research Director - Enterprise Applications at Aberdeen Group: 
Hard-hitting analysis on the performance of Best-in-Class technology adopters vs. industry average and laggards including recommended actions.

Pete Martin, President & CEO at EntryPoint Consulting:
Pulling it all together by illustrating how business incentives, combined with inventory/supply chain optimization and investments in new business systems in 2011, can produce an after-tax positive cash flow.

This is a once in a lifetime opportunity to learn how investing in your business can actually produce a near-term, after-tax positive cash flow. Don't believe it? Attend this free webinar and we will prove it to you. You've got nothing to lose! Space is limited so register today.

 

 

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Tags: advanced inventory planning solutions, EntryPoint Consulting, KPMG, Aberdeen Research, Valogix

Guest Blogger: Translectric, Inc. Talks about Inventory Optimization

Posted on Mon, Jan 10,2011@11:36 AM

 

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Tags: Inventory Planning, advanced inventory planning solutions, Demand Planning, replenishment planning, Wholesale Distribution, Translectric

Cutting Edge Technology For Inventory Planners

Posted on Thu, Nov 04,2010@02:51 PM

Ever hear the phrase, "time is money?" Well, time is money and spending time counting widgets and updating them on your spreadsheet is costing you a pretty penny (or many, many pretty pennies).  And what's worse, it's not possible to update every single item on your spreadsheet (even more impossible if you have several locations), meaning your data is out of date and you most likely have dead AND excess stock - costing you even more.


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Tags: advanced inventory planning solutions, IBM, Savvis

Results of Using Inventory Planning and Optimization Solutions

Posted on Wed, Sep 08,2010@11:33 AM

In our final installment of our series on The State of Inventory Planning, we explore the results of inventory planning and optimization solutions.  Companies that implement these  solutions often find the results surprising.  Many thought their old Excel spreadsheets were doing a fine job, only to discover a whole new world of information at their fingertips, allowing them to make informed decisions that really do affect the bottom line! 


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Tags: Forecasting Inventory, advanced inventory planning solutions, optimization, Demand Planning

The State of Inventory Planning: Improving Replenishment Planning

Posted on Tue, Aug 31,2010@12:51 PM

In our fourth installment in our series, we explore ways to improve replenishment planning. 

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Tags: Inventory Planning, Forecasting Inventory, advanced inventory planning solutions, Demand Planning, replenishment planning