Demand Planning can provide you real, tangible inventory forecasting and dynamic replenishment advantages that can lower your inventory, increase customer service levels, and directly enhance the bottom line.
Need Inventory Management Help?
If your company struggles with:
- Inaccurate or no product forecasts
- Mounds of spreadsheets to create a forecast
- Purchase leads times of 90 to 180 days
- Forecasts for seasonal or sporadic items
- Customer or vendor forecasts
- Managing Hub & Spoke warehouse replenishment or
- Scheduling inhouse production,
Demand Planning will be your ally.
Forecasting and Replenishment Working Together
A forecast is useless unless your replenishment system is built to work in tandem with it. Lanham Demand Planning uses machine learning and multi-formula forecasting to choose the best forecasting method.
Once the forecast is established, the dynamic replenishment system monitors usage and automatically adjusts for such events as over consuming a forecast. The unique Lead Time Horizon replenishment method for suggesting a replenishment quantity is teamed with an EOQ (Economic Order Quantity) to arrive at the best suggested replenishment quantity.
When suggesting a vendor purchase, the Weight, Volume, and Dollars are compared with vendor targets to optimize free freight and container quantities.
Hub and Spoke Replenishment
If you have vendors whose vendor minimum can't be reached when replenishing a smaller warehouse, Hub and Spoke Replenishment can be used to purchase into one warehouse and automatically replenish other warehouses as their need arises. This also works well where you have sporadic or low volume items. Purchasing at one warehouse for all warehouses can increase customer service and lower your landed cost on these items.
Collaborate with large customers by generating a specific customer forecast or importing a forecast provided by the customer. Collaborate and share with your large vendors by creating a vendor forecast net of on-hand and on-order quantities.
Production and Assembly Planning
Create a production or assembly plan by automatically generating simulated needs for the finish good and driving demand for components into the replenishment system.
Microsoft Dynamics 365 Essential and Premium edition
United States, Canada, Australia, New Zealand
This app is available in English (United States), English (Canada), English (Australia) and English (New Zealand)