HOW BI WORKS
Traditional min/max inventory management systems have inherent shortcomings for achieving inventory optimization. Moreover, statistically speaking, the two core inventory optimization barriers of product ordering and delivery time variations have the same root cause drivers in all supply chains. BALANCED INVENTORY mitigates these problems by employing the modern inventory management methods of TOC, Lean, Six Sigma, and proprietary and patented solutions.
Increased Inventory Turns
Inventory Appropriate for Demand
>30% Inventory Reduction
Minimized Impact of Forecast Inaccuracy
Reduced Effort Managing Inventory
BALANCED INVENTORY systematizes these state-of-the-industry solutions within a simple cloud-based, software-as-a-service (SaaS) solution. This simple to connect tool replaces system and manual computations of what to order, make, and move with order recommendations that maintain optimal business levels.
BALANCED INVENTORY balances inventories of individual SKUs within SKU groups. This automatically prevents individual SKU-level stock outs and excesses and provides clear status of future shortages or excesses, the amount of corrective action required, and the time available to take the action. Leveraging the system recommendations will consistently maintain proper in-stock positions, replenishment orders, cash flow and profitability while driving significant improvements in customer service.
BALANCED INVENTORY works from the SKU database in your current systems. Simply provide your forecast and current inventory status, run the computations, download the replenishment recommendations, and load to your system(s) for execution. With the simplicity of a SaaS solution, BALANCED INVENTORY can be up and running and generating measurable results within your first days of use.