Strategic inventory management for industry and retail
LogoMate supports you in the realization of your inventory strategy and at the same time enables new possibilities of analysis and goods control. Optimal inventory management increases the logistical performance and not only improves the entire cost situation of a company, but also enables conclusions about the performance in your company.
Inventory management is a decisive competitive factor
When it comes to the flood of goods in modern retailand wholesale, a functioning inventory management is a decisive competitive factor, especially for internationally operating companies. Important corporate objectives such as a constant delivery capability, low inventories, flexible delivery times and a low capital commitment are to be reconciled. These diverse requirements for inventory management can no longer be overcome without powerful software.
LogoMate helps companies to bring the effectiveness of their delivery service to the desired level or to keep it at a high level and thus ensure customer satisfaction at all times. In order to avoid unnecessary storage costs, stocks are kept as low as possible without compromising the ability to deliver. You can develop this strategy optimally with LogoMate.
The planning strategies are divided into three process steps:
Demand planning is primarily concerned with determining the future demand for a product or material. In principle, a distinction is made between two different methods – programme-related and consumption-related demand planning. Program-specific demand planning is based on specific sales orders or production programs, while in consumption-related demand planning, future demand is forecast based on the periodized consumption of the past.
Inventory planning is intended to ensure the constant availability of the required stocks. For companies, the focus is on determining the optimal safety stocks in consideration of various supplier and demand processes. In addition, maximum stocks which may not be exceeded due to storage restrictions are taken into account.
The ordering policy of a company is determined in procurement planning. The correct order quantity is determined by means of heuristic or optimizing processes . The order time is also adjusted to the specific characteristics of an item.
The inventory management software LogoMate incorporates these steps into its calculations and thus provides companies with an ideal basis for sustainable business success. The needs-based inventory management with LogoMate ensures maximum transparency and lower costs while at the same time increasing returns.
All inventory management is automated with LogoMate. As a result, warehouse management is much more effective. Future requirements can be determined precisely, the optimal safety stock is constantly adjusted and the item-specific order quantities and order times are determined in good time.