Understanding inventory risk as it applies to your stocking strategy in the new world
Wednesday 16th September, 10.15am
This event has already taken place - watch the recording below. Or click here to view our other Ignite Live sessions and events coming up.
This seminar explores how to develop a stocking strategy considering sources of inventory risks and risk multipliers in building an inventory model. This essentially balances the investment required to deliver your desired service level.
Sage Inventory Advisor is a cloud based application that connects to Sage business platforms. It provides the following functionality:
Statistical forecasting based on your sales history and finds the best fit algorithm for each item in each location
Advanced Pareto classification to help focus on the important items
Dynamic safety stock setting factoring in the desired service level, lead time and analysis on supply and demand risk
Recommended replenishment orders in line with the inventory strategy that can be imported into the business platform
Dashboard of KPI’s and items that require urgent attention
Projected inventory balances and requirements for the next 12 months
Suitable for: Sage X3, Sage 200 and Sage 1000 users
Netstock is a global business with 1600 customers and 14K users managing and optimising over £8 Billion of inventory. During the pandemic we are experiencing unprecedented interest and growth because of our digital delivery and our supply chain performance.