Data Collection
Gather real-time and historical inventory data, including current inventory levels and lead times
Close
About 06
Inventory Optimization
Inventory Optimization
Manage your inventory through exceptions with Translytics AI/ML based Inventory Planning Engine
The module offers a fully functional Inventory Optimization module, which helps in maintaining the right balance between excess inventory and stockouts, ensuring optimal stock levels
Challenges
Stockouts and Overstocking, Excess Carrying and Ordering costs, Unable to track inventory in real time, Inventory Obsolesce
Benefits
Provides optimized inventory levels, real-time visibility, improved order fulfillment, reduction in operating costs, better inventory management, better service levels, and data-driven decision making providing a competitive advantage
Key Highlights
Key highlights for Inventory management ML based engine with automated alerts for enhanced decision-making. Some of the sample dashboards for the same are as follows:
KPI Analysis
Identify and track Key Performance Indicators (KPIs) related to inventory automatically, enabling data-driven decision-making and providing insights
In-depth Analysis
Analyze the data to make strategic decisions like which model is best suitable(MTS/MTO) based on a detailed analysis of inventory data, allowing for better planning
Alerts & Actions
Receive alerts for critical decisions, while enhancing performance monitoring and visibility, ensuring timely actions and maximizing overall inventory efficiency.
Results
The model helps you track KPIs relevant to your operations and make informed inventory decisions based on real-time alerts you get