 Prescient.com > Solutions > Supplier Solutions > Distribution Planning > Replenishment Planning
Replenishment Planning: Keeping Your Product on the Shelf
Key Features
- Order quantity calculation based upon inventory policy set in Prescient Inventory Planning
- Pegging of customer orders and planned receipts
- Dynamic inventory status calculation monitoring inventory exception conditions such as stockouts, using safety stock or high stock situations
- Record sets (queries) for exception filtering and inventory stratification
- Replenishment Performance
- Scorecard highlighting key metrics such as actual inventory turns, stock-outs and actual customer service levels
- Configurable inventory consumption logic considering customer orders and forecasts
- Graphical representation of the effect of warehouse transfers on source and destination locations
- User defined replenishment time horizon supporting short-term and long-term planning
- Considers calendar parameters such as eligible shipping days and customer receiving days for order due date calculation
As retailers look for ways to lower their operating costs, they are asking suppliers to manage their own inventory at customer locations. The increasing popularity of collaborative initiatives such as Vendor-Managed Inventory (VMI) and Continuous Replenishment Planning (CRP) make replenishment planning a competitive necessity today.
Prescient’s Replenishment Planning synchronizes all of the elements affecting inventory so that it is available for timely distribution to customers. Our solution considers consumption rates and inventory levels, and automatically calculates time-phase safety stocks and replenishment quantities for each item and each location. And, if additional items are needed, Replenishment Planning will tell you whether to pull them from inventory or new production.
Get the right product to the right place at the right time … efficiently and profitably
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