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Supply Planning

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Supply Planning

Transform Supply Planning with Translytics AI/ML-Driven Optimization

Translytix Supply Planning Solution orchestrates the production schedules, considering inventory levels and backorders to synchronize with demand forecasts, minimizing costs and maximizing service levels​

Challenges

Challenges in capacity planning, supply planning, placing PRs, and approval processes. Automation of procurement approvals, and leveraging advanced analytics for optimized workflows and resource allocation.

Benefits

The integration of allocation, planning visibility, manual override capabilities, and an integrated exception-handling supply planning system, enabling proactive response to disruptions and ensuring continuity of operations.

Processing Steps


  • Step 01
  • Step 02
  • Step 03
  • Step 04

Step 01

The inventory data and pending order data is netted off the forecast that is generated at Warehouse level

Step 02

The next level of netting off is done at the BU level for inventory, to get the Supply

Step 03

Those numbers are then used to create PR receipts based on the lead time and orders are placed

Step 04

Approval process takes places to integrate any exceptions in planning

Results

The model coordinates supply schedules by integrating inventory levels and backorders with demand forecasts, aiming to reduce time and optimize operational efficiency.

Key Features

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Forecast-Based Planning of Finished Goods

Utilize demand forecasts generated by TranslytiX engine to plan PR schedules and inventory levels for finished goods, ensuring alignment with anticipated demand.

Periodic PR Placements for Materials Based on Urgency

Implement a systematic approach for placing purchase requisitions (PRs) for materials, prioritizing based on urgency and demand forecasts to maintain optimal inventory levels.

Multilevel Inventory Netoffs

Perform multilevel inventory netoffs across warehouses and plants to optimize inventory distribution, minimize carrying costs, and ensure efficient utilization of resources.

Optimized Inventory Levels to Avoid Stockout and Excess Inventory

Determine and maintain optimal inventory levels for each item to prevent stockouts while minimizing excess inventory, leveraging demand forecasts and historical data for accurate planning.

Standardized Data via Data Lake

Integrate comprehensive and standardized data from the user Data Lake into the supply planning process, including demand forecasts generated by the TranslytiX engine, to ensure consistency and accuracy in decision-making.

Approval Process for Planning

Implement an approval process for supply planning to ensure alignment with organizational goals, and resource availability, enhancing transparency and accountability.