As your business grows and gains in complexity, you may need to explore how advanced inventory planning and optimization capabilities can take your business to the next level. Valogix, a global award-winning partner of NetSuite. We offer a specialized multi-stage planning engine that more effectively plans inventories and compliments NetSuite.
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Spare parts inventory management is a prime candidate for advanced inventory planning and optimization solutions. With many diverse parts to manage and a lack of power tools, most companies with parts inventories have too many of the wrong parts. The result is unnecessary inventory expense, while still suffering service-limiting stock-outs.
Read MoreTags: Inventory Planning, Demand Planning, Inventory Planning Solutions
Forecasting customer demand is an important and necessary part of the chain of calculations needed to optimize inventory stocking levels. There are a wide variety of techniques that can be used, making forecasting a confusing and sometimes difficult process. If your goal is to not only forecast demand but also stock inventory at optimal levels, then forecasting must be combined with inventory planning and replenishment optimization algorithms to reach the goals of higher service levels with less inventory.
Tags: advanced inventory planning solutions, Demand Planning, forecasting software,, optimized inventory planning
There are some distinctions of business purchases, strategic and non-strategic. Strategic purchases are those that have a direct effect on the business and the bottom line. Non-strategic are those for everyday items like office supplies, travel, commodity items, etc. In the case of manufacturing companies, strategic purchases can be raw materials, production equipment, energy, skilled labor, computers, and business operating software.
Read MoreTags: advanced inventory planning solutions, cloud computing, Demand Planning, forecasting, optimized inventory planning
Tags: Demand Planning, Supply Chain, Balloon One, Inventory Planning Solutions
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?
Tags: Inventory Planning, inventory optimization, Demand Planning, web based inventory planning
The basic purpose of Material Requirements Planning (MRP) is determining how much of which products needs to be either manufactured or purchased based on it being a component or ingredient of another item. MRP also determines when the product is required. Every item can have either Independent Demand or Dependent Demand.
Tags: Inventory Planning, inventory optimization, Demand Planning, MRP
Tags: Inventory Planning, cloud, inventory optimization, web based inventory software, cloud computing, Demand Planning, replenishment planning, Spreadsheets
Tags: Inventory Planning, inventory optimization, Demand Planning, service management software, Valogix
Service or spare parts inventory management is a prime candidate for advanced inventory planning, i.e. service management software. With many parts to manage and a lack of power tools, most companies with parts inventories have too many of the wrong parts. The result is unnecessary inventory expense, while still suffering service-limiting stock-outs.
Tags: Inventory Planning, inventory optimization, Demand Planning, service management software, Valogix
The Business Problem
Until recently, Small and Mid-size Enterprises (SME) 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 of dollars to millions and are generally not affordable by SMEs.
In most cases, spreadsheets are the common tool in use! They are time-consuming to build and maintain, are usually static data repositories, and according to a study by a major consulting firm over 90% of them contain significant errors.
For organizations that carry an inventory, like manufacturers, wholesalers and retailers, that investment is often their largest asset. The cost of carrying excess and obsolete stock, as well as not having sufficient saleable inventory to meet demand is enormously high. It is common to find excess and obsolete stock representing 30% - 60% of inventory and to find that 5% - 40% of the time, customer demand cannot be met. The latter often results in expediting vendor orders at a premium cost that cannot be passed through (based on Valogix’s research and experience).
Tags: Inventory Planning, inventory optimization, Demand Planning, Valogix
Tags: Inventory Planning, inventory optimization, Demand Planning
Congratulations! You have survived another challenging year. In some cases you survived by holding off investing in much needed hardware and software. Now may be the time to surpass surviving and start thriving again.
There are many reasons or excuses for not upgrading to a modern, easy to use advanced inventory tool. Which Category do you fall in?
Tags: Inventory Planning, SAP, cloud, SaaS, Demand Planning, Valogix, inventory management
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.
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
