THE INVENPRIL SOLUTION
Ensuring that you have the inventory needed to fill customer orders without experiencing stock-out or overstock conditions is a daunting task. Then there are all the demand and supply chain variables that must be considered to determine what inventory to purchase and when. It’s clear that traditional Min-Max replenishment strategies are simply no match for today’s intensifying inventory challenge.
Until now, making these and the many other critical calculations was simply not practical through manual means or legacy inventory technologies. To win this battle, you need a fresh strategy and innovative tools.
INVENPRIL solves the challenge by transforming supply chains into predictable, profitable, and optimized customer service organizations. This native cloud-based software solution automates inventory planning to synchronize stock levels with demand to ensure your perfect balance. At a glance, you and your teams can visualize the system’s actionable recommendations on what to buy, make, or move next to truly balance inventory to demand.
HOW INVENPRIL WORKS?
Traditional Min-Max inventory replenishment systems are simply no match for today’s fast-paced and complex business environment. They no longer adequately address the primary inventory optimization barriers of product ordering and delivery time variations. INVENPRIL mitigates inventory optimization barriers by combining advanced inventory management methods (Theory of Constraints (TOC), Lean, Six Sigma) with patented, actionable analytics solutions into a simple, cloud-based software solution.
INVENPRIL balances inventories of individual SKUs to automatically prevent stock-out and overstock conditions. It provides a clear status of future shortages or excesses, the amount of corrective action required, and the time available to take the action. Following the system’s detailed recommendations will consistently maintain ideal in-stock positions, replenishment orders, cash flow, and profitability while driving significant improvements in customer service.
BI uses information from your current SKU database, forecasting, and order systems to streamline and deskill the replenishment process. Simply provide your forecast and current inventory status, let the system run the computations, review and download the recommendations and process your replenishment orders. With the simplicity of a cloud-based solution, INVENPRIL can generate measurable results within your first days of use.
INVENPRIL combines Theory of Constraints (TOC), Lean, and Six Sigma methodology with patented Advanced Analytics to outperform traditional inventory replenishment technologies & practices.