Delight your customers without the high inventory costs
Most organizations run into inventory optimization pain points sooner or later – whether it’s an excess of unwanted finished goods, production holdups due to a single component with a long lead time or high inventory costs incurred to meet customer service standards. All of these can have consequences for customers, operations and the business as a whole.
Exceed your customers’ expectations – and your own
Kinaxis Inventory Planning and Optimization has everything you need to determine optimal inventory strategies and policies – so you can meet your target customer service levels at every link in your supply chain, whether you rely on single-echelon inventory planning (SEIP) or multi-echelon inventory optimization (MEIO).
Improved outcomes for your business
- Cover supply chain risks systematically and based on accurate statistical data
- Make informed trade-offs between service targets and inventory levels, maximizing corporate performance
- Improve your inventory turns
- Reduce your inventory holding costs
- Achieve customer service targets consistently in alignment with events planned by sales, marketing or finance
Workflow Process Components
While every company’s supply chain is unique, certain best practices still apply. Our workflow process templates help you get started fast, while offering the flexibility and personalization you need to meet your goals.
With RapidResponse, we improved event management for supply with non-conformance and improved adherence to inventory targets above 95%. We are consistently managing abnormal scrap 20% below budget.
Inventory turns have doubled and our excess/obsolete inventory is at an all-time low. Our customers feel secure in knowing that we are managing the supply chain and not letting it manage us!
What’s next on your supply chain journey?
You can achieve significant added benefits by using Kinaxis Inventory Planning and Optimization with one or more related solutions to ensure synchronization across planning processes.
Organizations using Inventory Planning and Optimization also subscribe to Inventory Management.