Inventory Management is sedApta Suite’s advanced system for managing warehouse inventory.
The two analytical modules of this tool are capable of delivering significant strategic benefits:
Inventory Control
Inventory Control is the component that helps determine the replenishment plan for each node in the supply chain. By simulating multiple scenarios, the tool allows users to identify the best inventory management policy, taking into account the target service level, stock coverage objectives, and the characteristics and constraints of the supply chain (e.g., supplier lead times).
Inventory Planning
The module calculates the optimal safety stock using a mathematical engine. The accurate determination of the service level is ensured by the reliability of the forecast curves and the financial and logistical parameters. For companies operating on a just-in-time basis, advanced inventory management systems such as sedApta also support the management of dynamic buffers, adjusting restocking to fluctuations in actual demand without creating excess inventory.