Inventory Controlling

Maintaining inventory is imperative, but it is also expensive. In order to find an optimal balance between high service and low inventory levels, implementing an inventory control process that considers the storage requirements for a diverse product assortment is a must. The analysis of weaknesses and introduction of improvement measures play a key role in the management of inventory.

Overview

Inventory controlling serves as the link between inventory and financial management and is an essential part of inventory optimization. Creating transparency amidst complex, interrelated processes is essential if companies want to maintain an overview of their stock situation. Through the use of meaningful and informative analyses that take the past, present and future development of inventory into consideration, companies can make better informed operative planning and strategic management decisions.

Contact

Andreas Schäfer

Andreas Schäfer
Consultant
Tel: +49 (0) 2408 / 9456 - 1333 A.Schaefer@informinform-software.com

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Information (7)

add*ONE Inventory Optimizer
Brochure
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Fine planning for finest fabrics at SAHCO
Success Story
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Success in three steps - Steinel's Project "Triple XXX"
Success Story
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add*ONE at Roemheld
Case Study
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add*ONE at F. REYHER Nachfg. GmbH & Co. KG
Case Study
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add*ONE at Soudronic AG
Case Study
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Veranstaltungen (1)

Solution add*ONE Features

add*ONE provides companies with detailed analyses regarding inventory developments, allowing for the identification of undesirable changes before they happen and optimized decision-making capabilities. Some key features include:

  • Key Figure Reporting

    Calculation of various key figures and their graphical representation both at the item and aggregated (individually defined) levels

  • Operative analysis of bottlenecks

    Identification of structural and isolated bottlenecks via graphical comparisons of interrelated key figures

  • Simulations

    Powerful "if-then" capabilities allow users to test the sensitivity of forecasts or examine the consequences of particular strategic scenarios

  • KPI Monitor

    Individual definition of reports and group analyses.

  • ABC Analyses

    Fully automatic calculation of various ABC analyses, i.e. for identifying inventory drivers or items with a high contribution margin

  • Service Level Optimization

    Comparing the ideal stock situation for a given service level with the current situation allows for the discovery of unused potential.

Benefits

add*ONE provides users with sophisticated solutions for strategic and operational inventory controlling to improve the inventory planning process. Benefits include:

  • Optimal Transparency

    Summarize a vast amount of individual pieces of information to conclusive key figures in an uncluttered graphical representation

  • Reliable planning

    The simulation of various planning scenerios delivers a basis for decision-making at all planning levels – from single items to the complete product portfolio

  • Management Support

    Extensive functionality offers managers the capability to observe stock levels from various perspectives and make informed business decisions.

  • Reduced effort

    Comprehensive evaluation of complex interrelated key figures with just a few mouse clicks.

  • Overall improvement of inventory management

    Continual improvement of the inventory management process through the addition of controlling functions to the forecasting and planning tasks.

Customer Quote

Success Story ASWO

"With the controlling function from add*ONE Inventory Optimizer, you have a tool that can provide a clear overview of inventory and current developments in the warehouse. All key figures relevant for the planners and purchasers are included in this module, which helps keep inventory low and reduce risk."

Andreas Kuhlmann, General Manager of Purchasing and Product Management at ASWO International Service GmbH

Dynamic Aggregation

Dynamic Aggregation

With the dynamic aggregation function, planners are able to break away from the fixed configuration of traditional controlling: all key figures in add*ONE can be summarized and displayed at every planning level. Users are able to configure unique interfaces that show all relevant key figures and evaluations, providing maximized flexibility. The controlling results from the dynamic aggregation can be exported to other applications and distributed to across the company, providing managers in various departments with a statistical overview of inventory key figures.

Economic Service Level

Economic Service Level

An increase in the target service level results in the need for higher availability. Higher availability provides planners with more inventory to meet demand for items that otherwise may not have been on hand with the previously defined target service level. However, the increase in sales may be offset by growing inventory costs as stock levels rise in order to meet the new service level targets. Questions then arise as to what truly constitutes an economic service level.

With add*ONE the economic service level is calculated, providing users with a qualified goal which can have a direct impact on the success and performance of a company.

Reporting

Reporting and Analyses

The report function is an instrument to display key figures or often used analyses. All data existing in add*ONE can be analyzed with reports. The results of a report can be saved or used for further processing in other applications.

Reports are available at various levels. They can relate to all items in the system, to a group of items that can be freely defined, to individual items as well as to an individual supplier or a group of suppliers. Graphical displays for each report can be generated for the quick identification of trends and outliers.

Contact

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