Replenishment Planning
Demand Planning allows the creation of a responsive system that reacts rapidly to the needs of the market, such systems ensure high degree of service levels with the customers while simultaneously maintaining low levels of inventory across the Supply Chain.Schedule a FREE Demo
The Replenishment Planning system marries the external Supply Chain Inventory with the Production / Procurement. Replenishment Planning allows the creation of a responsive system that reacts rapidly to the needs of the market, such systems ensure high degree of service levels with the customers while simultaneously maintaining low levels of inventory across the Supply Chain. It allows both Push based as well as Pull based Inventory Planning. After the Production plan gives the finished goods schedule which shows how the supply side inventory is likely to get built, the replenishment planning comes into picture. It takes into account the expected demand in the coming days/weeks, the current inventory in the various locations including in transit inventory, the supply side expected inventory from Production Plan / Purchase Orders. The trigger for Replenishment is through Stock Covers / Reorder Point levels, which considers parameters such as Safety Stock, Min / Max Inventory Levels, Lead Times, to arrive at an expected replenishment plan.
Features and Key Benefits
Model Details
- Statistical methods to dynamically and continuously calculate Reorder points at different levels of the Supply Chain.
- Continuously checks the inventory against the Reorder Points
- Creates the Replenishment Plan Order considering Dispatch Frequency & Inventory Replenishment Strategy such inventory from Factory / Mother Warehouse is dispatched to those depots/hubs that most need it
- The tool allows various strategies for Replenishment as well as Replenishment at different echelons of the supply chain.
- In addition, the tool allows for categorization of different types of SKUs so that different Dispatch strategies can be adopted.
- In addition, the product also allows rule-based truck loading/containerization based one or two fill parameters
Inward and Outward process
- Various options for movement of materials that gives flexibility to move SKUs
- Search options like location, stores, bins, pallets, etc.
- Material management logics like FIFO, weight, location, or any other custom logic built
- This Replenishment Plan is further consolidated / fragmented to consider sales considerations such as OTIF and logistics considerations such as FTL and Truck choices. The output of this exercise is a Dispatch Plan. It is possible to further create the Truck Loading Plan.
- In a Pull System, the Replenishment Plan can also trigger a requirement for the Production unit is connected to the Supply chain inventory through a factory buffer stock.
One End-to-end System
- End-to-end tracking and get real-time visibility
- Oversee complete flow of materials and products, right from your smartphone
- Eliminate countless hours of work on data entry, manual tasks, and more
Key Customers and Testimonials
Inquizity helped us in both technical and functional domains. They came up with innovative ideas on reducing our logistics costs, and improving our production mix.With the help of Inquizity, we developed several solutions which are helping us in inventory, logistics, route optimization, profit maximization across plants, on an integrated platform 
Ashish Desai
CIO, Aditya Birla Group
We evaluated standard solutions from other vendors, and also looked for other alternatives. What we realized was those vendors did not have the technical capability to suit our customized requirements.Plus, in the long-run, the time, cost and efforts we had to invest was much more.Inquizity offered us complete flexibility and customization as what we needed
Sukanta Padhy
Supply Chain Chief, ATG
Case Studies
Crompton
Simultaneous planning for finite capacity and material for APIs and Formulations.
ATG
Optimize planning of product mix to minimize changeovers considering various planning and production constraints.
Flexible Engagement Models
Service Model
- Product run by the Inquizity team
- Product not owned by the Client
- Set-up cost
- Client pays a monthly fees which includes rental, service and infrastructure cost
Subscription Model
- Product run by the Client
- Product not owned by the Client
- Set-up cost and implementation cost
- Client pays a monthly fees which includes rental cost and infrastructure cost
On-Premise Model
- Product run by the Client
- Product not owned by the Client
- Set-up cost and implementation cost
- Client pays an Annual Maintenance Fees
About Inquizity
Inquizity (formerly Indus Momentus Business Solutions) is into S&OP and Business Process Automation SolutionsAbout dataSAVI
dataSAVI is Inquizity’s low-code cloud solution which rapidly builds applications to automate your day-to-day business operationsAddress
3rd Floor Stellar tower, Sion Panvel Road,Opposite K Star Mall, Chembur, Mumbai,Maharashtra 400071Contact
info@inquizity.com+91-9833257112
Copyright
Copyright (c) 2020 Inquizity Metanoia OPC Pvt. Ltd.GST: 27AAECI6558A1ZNSchedule a FREE Demo
Demand Planning
SOLUTIONS DESIGNED TO SYSTEMATICALLY ESTIMATE MARKET DEMAND
Be it New Product Development, Planning, or Promotions, implementing collaborative Demand Forecasting provides you with statistical / ML / AI data to support the course of action in the medium term.
Description
Demand Planning comprises key step of arriving at a baseline number. This is done by using Statistical and ML/AI methods. The Module applies various methods of forecasting on the historical Sales data to arrive at the forecast in the coming months. The forecasting can be done at various levels such as SKU-Depot / Brand-Region / SKU Region
Benefits
Features
Multiple Heirarchy
Forecasting at multiple Hierarchies e.g. SKU-Location, SKU-Sales Office, Brand-Channel etc.
Supersession
Supersession that allows linking of old to new items to provide meaningful continuity in history for effective forecasting new product
Statistical Methods
Variety of Forecasting Techniques using efficient Python to take care of different distributions such as seasonality, promotions etc. Also allows for Outlier Detection
Classification of Products
Dynamic Classification of Products across Runner / Repeater / Stranger using different parameters of frequency, variability etc.
ML / AI Methods
Selection of different AI / ML Methods for cases where ML can be implemented
Choice of Error Methods
Selection of Techniques based on different Error Measures with ability to add custom Statistical Techniques
Some Customer Cases
On the quantitative side, we have integrated the powerful Statistical and Graphical Modelling libraries of Python. We have also connected to ML / AI libraries of WML / Google / AWS to enables the application of a variety of statistical and ML/AI techniques for different situations
Consumer Electrical Company
Enhanced visibility and transparency via S&OP suite for a consumer electrical manufacturer
Speciality Tyre Company
Implemented Demand Forecasting and Demand Aggregation for the smooth function for the manufacturing unit
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