Etablir's Forecasting & Order Management application uses advanced algorithms to generate optimal suggested quantities for inventory procurement. These suggestions are based on highly accurate forecasts of future demand. The application also empowers users to prioritize orders while accommodating various constraints and limitations.
This comprehensive approach supports complex scenarios such as multi-level supply chains, replenishment from vendors to distribution centers, and from vendors to individual retail stores. Etablir's Auto-Replenishment module leverages precise demand forecasts to automate the determination of shipment quantities. It also allocates these products strategically within an organizational hierarchy. This module is incredibly adaptable and can support various replenishment processes, including those that involve constrained inventory, multi-level supply chains, and omnichannel distribution. It can also cater to specific events that trigger replenishment activities.
Effortlessly streamlining the allocation process across the entire omni-channel retail network is possible using Etablir's allocation solution. This tool takes into account diverse factors such as the performance of each location and product, the existing stock levels at different points, the distribution of product assortments, and other pertinent business-specific considerations like size patterns or packaging configurations.
Etablir's model, which employs an advanced predictive analytics engine, considers every conceivable factor influencing the retail supply chain. The system then formulates optimal inter-store transfer recommendations, efficiently moving merchandise from underperforming stores to those experiencing high demand and stockouts for the same products.
These recommendations are meticulously calculated, factoring in all associated costs of such transfers. This dynamic system is also useful for scenarios like revamping product assortments, establishing new stores, and consolidating inventory for enhanced efficiency. Guided by the principle of adding value through stock management, Etablir's Safety Stock Optimizer takes a granular approach. It computes the most suitable safety stock levels for individual products by assessing inherent risks, including demand volatility, variability in lead times, and vendor fill rates. Furthermore, this calculation incorporates an accurate demand forecast and aligns with company policies, particularly customer service level objectives.
The outcome is a balanced safeguard against vendor uncertainties, overstock situations, and the accompanying costs of excessive inventory while securing consumer demand and maximizing sales.