HOW BI WORKS
Traditional Min-Max inventory replenishment systems are simply no match for today’s fast-paced and complex business environment. They no longer adequately address the primary inventory optimization barriers of product ordering and delivery time variations. BALANCED INVENTORY mitigates inventory optimization barriers by combining advanced inventory management methods (Theory of Constraints (TOC), Lean, Six Sigma) with patented, actionable analytics solutions into a simple, cloud-based software solution to:
Balance Inventory to Demand
Accelerate Inventory Turns
Increase Sales & Profits
Reduce Costs & Complexity
Improve Customer Service
BI balances inventories of individual SKUs to automatically prevent stock-out and overstock conditions. It provides a clear status of future shortages or excesses, the amount of corrective action required, and the time available to take the action. Following the system’s detailed recommendations will consistently maintain ideal in-stock positions, replenishment orders, cash flow, and profitability while driving significant improvements in customer service.
BI uses information from your current SKU database, forecasting, and order systems to streamline and deskill the replenishment process. Simply provide your forecast and current inventory status, let the system run the computations, review and download the recommendations and process your replenishment orders. With the simplicity of a cloud-based solution, BALANCED INVENTORY can generate measurable results within your first days of use.