What does Slimstock do?
Your knowledge partner in forecasting and inventory optimisation Slimstock is the European market leader in the field of specialised software for stock optimisation. We have developed methods that can be used to reduce your stock by 20 to 30% within 6 months, while your service level stays the same or even increases.
What is Slim4?
Slim4 is an integral solution for forecasting, demand planning and inventory control. Slim4 works on the basis of Management by Exception, which is supported by both clear and reliable analysis.
How can excess stock levels be reduced?
Here are 10 ways that might help you reduce your excess inventory.
- Return for a refund or credit.
- Divert the inventory to new products.
- Trade with industry partners.
- Sell to customers.
- Consign your product.
- Liquidate excess inventory.
- Auction it yourself.
- Scrap it.
Why do we keep inventories?
The primary objective in terms of holding inventory is to ensure that customer service targets can always be met without compromising cash flow or running out of stock. When customers cannot purchase what they need, when they need it, they often cease to be customers.
What is master data for demand planning?
Master data for APO-DP is essentially Characteristic-Value-Combinations. Normally for APO-DP statistical forecasting you need Sales History. This is extracted from a suitable source (CRM or ERP) and loaded in an infocube in APO-BW. You can generate CVCs from this History data infocube.
What is forecast error in supply chain?
Demand forecasting is one of the important activities in a supply chain which provides all the supply chain planning processes with market information crucial for efficient supply chain management. Its performance is measured by forecasting error, which is defined using the difference between forecast and actual sales.
What is the safety stock formula?
What is the safety stock formula? The safety stock formula is therefore: [maximum daily use x maximum lead time] – [average daily use x average lead time] = safety stock.
What are types of inventory?
There are four main types of inventory: raw materials/components, WIP, finished goods and MRO.
What data is needed for demand planning?
Demand planning requires analyzing sales as well as consumer trends, historical sales and seasonality data to optimize your business’s ability to meet customer demand in the most efficient way possible. To achieve this goal, demand planning combines sales forecasting, supply chain management and inventory management.
What are the 2 errors of forecasting?
Two of the most common forecast accuracy / error calculations include MAPE – the Mean Absolute Percent Error and MAD – the Mean Absolute Deviation. Let’s take a closer look at both: A fairly simple way to calculate forecast error is to find the Mean Absolute Percent Error (MAPE) of your forecast.