Inventory Planning & Replenishment
Inventory is a retailer’s largest asset and investment expense.
How inventory planning is managed directly impacts sales, profits and cash flow, since your purchases and their timing impact in-stock levels, operating expenses associated with backorders, and gross margin reductions from overstock markdowns.
Softvision provides a full complement of inventory planning and replenishment tools including our master scheduling and suggested purchase order functionalities to support initial supplier purchases, replenishment reorders and inventory scheduling.
Control your inventory before it controls you!
✓ Optimize inventory at all store and distribution center locations to maximize customer service and minimize freight and handling costs
✓ Master scheduling presents weekly demand and projected stock position by product and SKU for all inventory locations
✓ Inventory Hotlists (exception reports) advise inventory planning priorities – both shortages and overages
✓ Recommended purchase actions are created factoring lead times, safety stock, inventory stock position, vendor commitments, EOQ and container capacity
✓ Promotional plans are reflected in the week the demand occurs for alignment of inventory
✓ Kit component SKUs reflect the weekly demand plan of all Kit header-level demand
✓ Seamless process to review, approve and finalize purchase and transfer actions