Inventory Optimization
Simplifying inventory management by achieving precise stock levels, minimizing costs, and optimizing service levels.
What it is
- A cloud-based inventory optimization tool with MS Excel.
- Automates inventory policy selection based on advanced algorithms.
- Customizable for various business needs and SKU requirements.
What it delivers
- Intuitive dashboards for tracking inventory performance.
- Seamless API integration with ERP systems for easy data flow.
- Actionable insights into optimal reorder points and stock levels.
What are the benefits
- Reduces overall inventory costs and inefficiencies.
- Improves service levels by optimizing stock availability.
- Enhances decision-making with data-driven inventory strategies.
Why choose our Inventory Optimization App?
Significant Cost Reduction
Lower your Inventory Holding Costs by up to 15% with our Inventory Optimization App, while minimizing excess inventory.
Customer Satisfaction
Enhance your service levels with consistently optimal stock availability. Ensure that the right products are always in stock when your customers need them
Data-Driven Decisions
Use advanced algorithms for precise inventory planning. Make informed decisions, minimizing risks of overstocking or stockouts.
Improved Time Efficiency
Automate complex calculations, allowing planners to focus on higher-value tasks. Save time and boost productivity by reducing manual processes.
Strategic Focus
Concentrate on high-impact SKUs to maximize savings while minimizing effort and resource allocation. You will optimize your inventory strategy by focusing on the most critical products.
Why choose our Inventory Optimization App?
Significant Cost Reduction
Lower your Inventory Holding Costs by up to 15% with our Inventory Optimization App, while minimizing excess inventory.
Customer Satisfaction
Enhance your service levels with consistently optimal stock availability. Ensure that the right products are always in stock when your customers need them
Data-Driven Decisions
Use advanced algorithms for precise inventory planning. Make informed decisions, minimizing risks of overstocking or stockouts.
Improved Time Efficiency
Automate complex calculations, allowing planners to focus on higher-value tasks. Save time and boost productivity by reducing manual processes.
Strategic Focus
Concentrate on high-impact SKUs to maximize savings while minimizing effort and resource allocation. You will optimize your inventory strategy by focusing on the most critical products.
Key Features
Comprehensive Inventory Policies
✔ (s,Q) Policy (Reorder Point, Fixed Order Quantity): Automate orders when inventory dips below a threshold, ordering a fixed quantity every time.
✔ (s,S) Policy (Reorder Point, Order Up To Level): Replenish stock up to a target level whenever it falls below the reorder point.
✔ (R,S) Policy (Periodic Review, Order Up To Level): Regularly review inventory at set intervals and restock to the desired level.
✔ (R,s,S) Policy (Periodic Review, Reorder Point, Order Up To Level): Combine periodic reviews with reorder points for a balanced approach.
Advanced Optimization Approach
There are three approaches. First, a simulation of your current AS-IS situation for a clear status assessment. Second, a formula-based method that uses academically accepted optimization formulas for reliable results. Third, our advanced Log-hub AI-powered approach delivers 5-15% better performance than traditional methods, ensuring optimal efficiency.
Flexible Constraints Handling
Flexible constraints handling allows you to seamlessly account for supplier limitations like Minimum Order Quantities (MOQ) and reorder batch sizes. This ensures optimal order management while meeting specific batch size requirements.
Scenario Simulation and Comparison
Compare AS-IS and optimized scenarios by running simulations that evaluate your current parameters against optimized solutions. This approach lets you visualize the potential improvements in areas like cost reduction, inventory levels, and service performance. Identify gaps and opportunities, and make more informed, data-driven decisions.
How it Works?
Input Data & Set Parameters
Import your historical or forecasted demand data directly into Excel. Define your service level targets and any specific constraints like MOQ or batch sizes.
Select Optimization Approach and Run it
Select between standard formulas or our AI-powered method. Run the optimization and let the app compute the optimal inventory policies and parameters.
Analyze Results & Implement Changes
Review detailed reports and insights to make informed decisions. Implement changes, and adjust your inventory management practices based on the recommendations.
Real Results for Your Business
As part of our Office 365 Excel Add-in, the Inventory Optimization App fits naturally into your existing workflows. No need for complex software installations or steep learning curves—just plug and play.
Since integrating the Inventory Optimization app, we’ve seen a 12% reduction in inventory costs and our service levels have never been higher. The ability to simulate different scenarios has been a game-changer for our supply chain strategy.
— Logistics Manager, Global Retail Company
Optimizing Inventory Policies for a Global Electronics Manufacturer
Reducing your inventory holding costs by 15% while simultaneously increasing your service levels. With Inventory Optimization App, this isn’t just a possibility—it’s a reality experienced by our clients across various industries.
Combine Inventory Optimization with other tools
_____
Achieve better results with our recommendations.
ABC Analysis
Optimize inventory policies with regular or double ABC analysis.
Demand Forecasting
Go beyond traditional forecasting by using AI technology.
Inventory Simulation
Determine the optimal inventory policy through multiple what-if scenarios.
Take the Next Step towards Optimization
Don’t let outdated inventory practices hold your business back. Embrace the power of intelligent inventory management and unlock new levels of efficiency and customer satisfaction.
Get started
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Tel: +41 41 560 03 99
support@log-hub.com
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