Inventory Optimization as Strategic Priority
Insights & Benchmarks to Improve Your Inventory Optimization Process
Inventories suffered greatly in 2020, so it’s not surprising to see inventory optimization emerging as a strategic priority for many organizations. However, many still lack a structured approach and easy-to-use technology. How can teams progress from using spreadsheets and improve their inventory optimization practice? Get insights in this new report.
What’s inside?
- Perceptions on the effectiveness of inventory optimization approaches: Find out what your peers are saying and how your organization compares to others.
- The current technology landscape: Perceptions on the tools most commonly used, such as spreadsheets and ERP solutions.
- Strategic objectives and challenges: Find out what’s on the agenda and how advanced tools like AIMMS Inventory Planning can help you meet your goals.
Discover AIMMS Inventory Planning
Move away from a one-size-fits all approach and calculate scientific inventory targets that account for variability at SKU level.
- Calculate optimal inventory levels, considering service levels, variability and lead times
- Perform side-by-side scenario comparisons and easily evaluate how your network choices impact inventory
- Quickly visualize inventory health and where the trouble spots are
- Pinpoint opportunities to safely reduce inventory as well as potential service risks
- Benefit from built-in features like spare parts MRO
The perfect companion for AIMMS Network Design
AIMMS Inventory Planning is an ideal companion for AIMMS Network Design. It allows you to visualize the inventory impact of your network design decisions, and understand the consequences of different service level choices.
Spare Parts Inventory Planning & MRO Capabilities
Use all the features in the app with calculations designed specifically for spare parts. Account for parameters such as mean time between failure, repair time, scrap rate and more. When combined with Network Design, you can understand where you should hold spare parts and in what quantity to deliver target service levels.
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“We chose AIMMS because its app wraps a state-of-the-art solver engine in an easy-to-use data interface with strong scenario modeling and results visualization tools. This enables us to quickly evaluate various scenarios that drive supply chain efficiency and customer satisfaction. The system allowed us to be up and running very quickly.” – Read the press release
“AIMMS provides outstanding value. It allows us to quickly answer very specific questions affecting our business. The benefits from optimizing our business based on those answers provides a great ROI for FMC-NA.”
“A lot of network design decisions have cost implications. We can use AIMMS to get answers we can trust and believe in. These answers add weight to those conversations.” – Read an interview