Reflex Inventory Planning will help reduce inventory and improve service. Effective inventory management not only reduces cost, but also improves performance in the one area where markets are most demanding today: Customer Service.
Reflex Inventory Planning monitors demand variability and accounts for the outputs from Reflex Demand Planning. It calculates optimum inventory at item level, allowing the user to model inventory against target service levels and decide how much to invest in stock.
What Reflex Inventory Planning does:
- Set Inventory service levels
- Generate optimum stock levels
- Optimise stock profiles
- Balance service targets against capital investment
Improved customer service is the most valuable benefit of effective supply chain inventory management. The immediate benefits of order fulfilment and improved sales are one thing; the longer term benefits of enhanced reputation and a strengthened brand are quite another.
But Reflex Inventory Planning can deliver many other improvements that reduce cost, including the reduction in written-off stock due to obsolescence. Furthermore, a properly balanced stock profile will allow reduced inventory levels overall, thus reducing the warehouse footprint and associated costs. Even the cost of labour and Mechanical Handling Equipment can be reduced.
Reflex Inventory Planning outputs are time-phased, automatically calculating the different levels of inventory required at different times of year. They include ABC product classification, safety stock, optimum stock, excess stock, and days of supply. Alternate solutions are easily modelled and compared, allowing managers to balance customer service targets against capital investment.
Supported by an effective forecast, Reflex Inventory Planning provides a rapid return on investment and improves service levels throughout the supply chain.