Want the right goods in the right place, at the right time, every time? We’re here to help.
In manufacturing facilities, maintenance depots and retail chains, the absence of a stocking item might mean a halt in production, the delay of return to service after maintenance or the loss of a sale. Successful replenishment means determining the minimum amount of inventory that must be held in order to provide an agreed level of service.
The problems faced by distribution systems are nearly universal, including inventory shortages or excesses, ageing inventory causing spoilage and sub-standard product performance, and delays in product launches during the clearing-out of old inventory. Organisations attempt to mitigate the effects of these issues by forecasting demand—a complex and unpredictable process. Enter Dynamic Buffer Management.