Inventory Planning Blog

Valogix Advanced Inventory Planning and Optimization for NetSuite

Posted on Wed, Feb 01,2023@10:07 AM

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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Tags: Inventory Planning, NetSuite, Demand Planning, Valogix, Inventory Planning Solutions, NetSuite Demand Planning

MRO and Aftermarket Spare Parts Planning

Posted on Mon, Oct 03,2022@11:00 AM

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.

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Tags: Inventory Planning, Demand Planning, Inventory Planning Solutions

Inventory Management Stages of Planning Maturity and Growth

Posted on Thu, Sep 01,2022@11:00 AM

The challenge facing people and companies is they must work steadily at improving their inventory management. In order to improve, you need to know where you are today. First, is to determine what they have accomplished and how competent they are in their planning. Their level of experience and results must be measured to accurately and efficiently move forward.

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Tags: Inventory Planning, Forecasting Inventory, Inventory Planning Solutions, customer service

Inventory Planning in Global Crisis with Advanced Inventory Planning

Posted on Fri, Apr 10,2020@12:48 PM

COVID-19 is presenting a challenge we have never experienced before. Supply chains across the globe have been upended. Companies are struggling to make sense of their inventory demand forecasting and stock replenishment planning.  Cases range from plummeting sales to unprecedented peak sales and to longer lead times, to unavailable stock. This may become the new normal. 

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Tags: inventory optimization, Inventory Planning Solutions, supply chain planning

Parts Inventory Management & Planning Varies by Industry

Posted on Tue, May 07,2019@07:34 AM


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Tags: spare arts inventory planning, Inventory Planning Solutions

Customers tell their inventory planing success story Part 1

Posted on Mon, Sep 10,2018@05:50 AM

UK Laboratory Equipment Distributor

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Tags: Demand Planning, Supply Chain, Balloon One, Inventory Planning Solutions

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 Planning for Complex Environments

Posted on Mon, Apr 22,2013@10:00 AM

Complex Environment Creates Inventory Challenges

Inventory management has become more challenging in today’s complex and competitive business environment. Yet many companies are still maintaining inventories manually, and  performing complicated computations using spreadsheets and point solutions. Keeping track of reorder points can become an overwhelming task as businesses grow. And standard spreadsheets offer little help in driving down costs and improving revenues because they are time consuming and frequently contain multiple errors. Ray Panko, University of Hawaii compiled data from numerous studies that indicates up to 90% of spreadsheets contain significant errors.

Where is the money hiding?
It is common to find excess and obsolete stock representing thirty-sixty percent of inventory and to find that five-forty percent of the time customer demands cannot be met (based on Valogix’ experience). At worst, companies lose sales; at best, they must ship items at a premium in order to fulfill orders, further driving down the profit margins.

There is good news on the (inventory planning) horizon
Automated planning tools are designed to remove complexity and improve inventory mix. They dramatically reduce the amount of time required to properly plan inventory. By automatically forecasting, replenishing and optimizing, companies can manage inventory more efficiently and meet the demands of customers and suppliers at lower costs for a powerful competitive edge.

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Tags: Inventory Planning, inventory optimization, Valogix, Spreadsheets, inventory management, Inventory Planning Solutions

Confused on Which Inventory Planning Solution to Use?

Posted on Tue, Jun 12,2012@07:00 AM

Optimize Your Inventory Planning

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Tags: Inventory Planning, web based inventory software, Valogix, Inventory Planning Solutions

Valogix Web Based Inventory Software Now Available

Posted on Tue, Apr 17,2012@03:59 PM

Web based inventory software for business is becoming more plentiful. Solutions specifically built for the web are in great demand around the world. Take for example, Australia and New Zealand, which are experiencing not only increased demand but an increase in the number of available web based inventory software applications.

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Tags: cloud, SaaS, web based inventory software, Valogix, Inventory Planning Solutions

Inventory Planning for Spare Parts - Part 3

Posted on Tue, Apr 03,2012@12:12 PM

Spare parts have an important life cycle

The graphic below shows the important milestones in a part’s life cycle. These have an impact on inventory planning for each item.  This section examines how those milestones impact parts planning.

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Tags: Inventory Planning, SAP Business One, SaaS, in the Cloud, Inventory Planning Solutions

Inventory Planning for Spare Parts - Part 2

Posted on Tue, Mar 13,2012@10:03 AM

Multi-location inventory planning adds complexity.

Companies approach their parts inventory planning in many different ways - from seat of the pants guessing, to team collaboration, to spreadsheets that may invoke more team collaboration and manual changes, to forecasting software and some to advanced planning solutions. The more parts and locations you need to plan, the more complex.

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Tags: inventory optimization, SaaS, in the Cloud, automotive, restaurant, Valogix, Inventory Planning Solutions