Effectively managing inventory levels is a critical element of the supply chain. Without it, you may face the impact of stockouts via lost sales, unhappy or lost customers and a decrease in brand reputation.
Stocking up is an easy solution, but expensive and inefficient. And standard lot-sizing procedures or gut-based decision making do not cut it.
Acquiring cost-effective inventory levels is the way to go, but requires many factors to be taken into account and trade-offs to be made regarding cost aspects for material, ordering and transport, holding and obsolescence.
Which vendor and what order quantity is the best option given our purchase agreements? Could we benefit from dynamic purchasing strategies given fluctuations in demand? And what does this mean for the optimal mode of transport? Assessing purchasing of (tens of) thousands of SKU's on a daily basis is simply beyond the human capacity.
The DataLane Order Quantity Optimizer provides you with cost-optimal order quantities for effective purchasing. Meet demand without inefficiently tying up working capital in excess stock!