Have you ever had a lot of finished goods inventory, but it wasn’t what the customer wanted? Or maybe you had a long lead time component that held up production. Perhaps you’re achieving your service levels, but at a high inventory cost. If any of these have been a struggle for you, there’s a way to meet your customers’ needs efficiently and at a lower cost.
The Inventory Planning and Optimization application in RapidResponse provides the capability to determine optimal inventory strategies and policies that support required customer service levels across several echelons of a supply chain. It also supplements traditional inventory management with sophisticated inventory optimization tools, specifically single-echelon inventory planning (SEIP) and multi-echelon inventory optimization (MEIO).
Tailored for Your Business
RapidResponse applications are based on best-practices and standard process flows established by our years of successful deployments at a multitude of world-leading manufacturers. The out-of-the-box Inventory Planning and Optimization application enables quick implementations and also acts as an advanced starting point for a tailored solution that meets your company’s unique needs.
The Added Value of Integrated Applications
Depending on the need, significant added benefits can be achieved from using the Inventory Planning and Optimization alongside other applications to ensure synchronization across interrelated planning processes. Companies that use our inventory planning software application will have also subscribed to the Inventory Management application.