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Inventory is a strategic asset for any manufacturer and distributor. It directly impacts the financial health of the company, while determining the customer service levels and responsiveness. Most ERP systems provide average capabilities for inventory visibility and replenishment management.
- How much inventory do I have?
- What is my projected inventory level?
- What is my WIP status?
- How much should I order?
These are very important questions that can be handled by any ERP system, right out-of-the-box. However best-of-class manufacturers need to ask more, and make better decisions.
- Where do I keep my inventory in my supply chain, and how much?
- What kind of service and responsiveness my total inventory investment will yield?
- Do I have excess inventory or shortage risk?
- What channels do I allocate my finished goods inventory?
- How much finished goods, intermediate (semi finished) and raw material inventory should I keep? At which location?
Learn more
Olive-3's WebOps TIS combines multi-site, multi-level inventory optimization with real-time visibility and replenishment management that provides an agile framework for manufacturers and distributors to be one-step-ahead of the changing business conditions. The integration of the planning and execution elements of inventory management, augmented with our proprietary Knowledge-Based Intelligence Agents technology, delivers an end-to-end platform to:
- Analyze trends and mine data
- Optimize inventory levels and its placement in the supply chain
- Simulate and visualize inventory in the supply chain, and its effects to the Key Performance Measures
- Collaborate with customers, suppliers and departments to proactively manage replenishments
Features of WebOps TIS
- Multi-Echelon, Multi-Level Inventory Optimization
- Multi-agent replenishment management
- Smart Alerts that adapt to decision making patterns
- Inventory shortage and excess risk visualization
- RFID and barcode based inventory tracking
- Intelligent analysis of trends and patterns in inventory consumption and
replenishment
- Real-time Inventory Performance projections based on rules and policies
- Microsoft Excel Integration
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