Inventory Planning

Inventory management can either be a source of competitive advantage or crippling costs for today’s supply chains.

The challenge for inventory managers is to reduce excess inventory (which ties up working capital and drives up costs) to the lowest levels possible, while avoiding stock-outs (which lead to poor delivery performance and customer service).

Given the unpredictability and complexity of customer demand, however, effectively managing inventory – to minimize costs and risk exposure and maximize efficiency, profitability, and customer satisfaction – is an extremely tricky task that requires superior supply chain visibility and inventory utilization.

Lacking these capabilities, many companies struggle to align daily replenishment and inventory planning with orders and forecasts, resulting in:

  • Excess inventory and increasing obsolescence costs.
  • Stock-outs and ensuing production difficulties and delays, and – ultimately –plummeting customer service and satisfaction levels.

To achieve a perfect state of equilibrium between inventory surplus and shortage, a growing number of companies are turning to automated, intelligent solutions to optimize inventory planning and utilization.

ICRON Inventory Planning (IP) gives companies the capability to:

  • Generate optimal inventory plans that lower inventory levels while improving customer service, satisfaction, and loyalty.
  • Have full visibility and control over daily inventory management and planning – to be able to know and predict what, where, when, and how much to replenish at any given time with great precision.
  • Rapidly revise inventory plans in real-time to take into account changing market conditions, fluctuations in customer demand, business rules and goals, and supply chain constraints.
  • Conduct what-if analysis to compare different scenarios and make strategic decisions about inventory control.
  • Reduce excess inventory, stock-outs, and obsolescence costs.
  • Free up working capital and increase inventory turns and sales.

With ICRON IP, your business can achieve inventory optimization, transforming inventory management from a source of potential costs and risk in your supply chain into a key driver of service excellence and revenue growth.

ACTUAL BLOG POST

 
Does Your Optimization Solution Improve Both Productivity and Compliance?

In today’s fast-paced and hypercompetitive business world, in the rush to produce goods and deliver services as quickly as possible, companies are often tripped up by thorny compliance issues.

more February 8, 2017

LATEST NEWS

 
Brisa Bridgestone, from serial transaction based to parallel process oriented planning.

Amsterdam, 13 April 2017 – Today, Brisa Bridgestone –a leader in the tire manufacturing industry in Turkey, with an annual revenue of app. Euro 500 million –celebrated the go-live of the new parallel planning solution. The new ICRON solution makes it possible to have an integrated parallel planning of the two main production processes.

more April 13, 2017

UPCOMING EVENT

 
Production Planning and Optimization Conference

ICRON is sponsoring the Production Planning and Optimization Conference, which takes place April 25th 2017 in Bursa. Beside visiting ICRON in our booth, you can also listen to the presentation of ICRON during the conference.

more April 12, 2017

* Why ICRON

A faster time-to-value than any other software on the market !

Reveal undiscovered insights across all business silos !

Leverage unlimited what-ifs to evaluate/model trade-offs !

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