Balancing Inventory and Profit
The overall objective of any state-of-the-art purchasing solution is obviously to optimize each and every replenishment buy; making sure that the decisions made are consistently aligned with your service and profit goals. HIMPACT combines factors from demand forecasting, lead time forecasting, vendor order cycle and inventory models to profitably balance inventory and customer service. Our goal is to identify the right inventory levels per location/SKU; providing you the highest level of customer service while minimizing your inventory investment.
The simplest explanation of how HIMPACT does this is that it analyzes demand patterns, vendor economies of scale and delivery performance along with you customer service goals to generate replenishment orders. The system dynamically adjusts to changes in consumer demand and vendor performance to keep your inventory at the customer service target specified day-in and day-out.
Before this PO is even created, though, our solution has already analyzed and incorporated any and all Vendor and Item Discount brackets, Vendor Deals, and future Promotions. HIMPACT daily builds orders up to a full truck, or several trucks or simply up to the vendor’s order minimum.
HIMPACT helps you Know More, reliably balancing the relationship between inventory and customer service — Delivering the targeted customer service you need , while optimizing profits down to the most granular levels.