ReorderWorks @ReorderWorks
A project to create an optimal inventory order replenishment algorithm in Microsoft Excel, that utilizes VBA macros to rapidly process large data sets. linkedin.com/in/peterphilli… Vancouver, BC, Canada Joined January 2016-
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Our approach accepts long &/or variable lead times, monthly demand forecast variances & multiple replenishment orders already in transit.
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Why use the ReorderWorks #inventory #replenishmentalgorithm? Here are some advantages of our #predictiveanalytics #software:
#Inventory: The reasons for keeping #stock: 1. Smooth-out variations in #operation performances (#supplier #leadtimes)
#Inventory: The reasons for keeping #stock: 2. Avoid #stockouts from uncertainties in #demandforecasts, supply and movements of goods
#Inventory: The reasons for keeping #stock: 3. Safeguard against price changes and #inflation
#Inventory: The reasons for keeping #stock: 4. #Economiesofscale: Take advantage of #quantitydiscounts through #bulkbuying
Open-To-Buy (OTB) definition: #Merchandise budgeted for purchase during a certain time period that has not yet been #ordered.
If you order #stock in advance to meet anticipated demand, you are using the push #inventory model, which requires good #demandforecasting.
Every bit of information can make a difference... Ensure that you always know when to #reorder, to maintain optimum #inventory levels.
Companies use predictive #analytics to show location demands. We indicate the additional needs, to maintain their required #servicelevel.
A fascinating exploration of how computer #algorithms can be applied to our everyday lives, helping to solve common decision-making problems
With our resultant data, you will be able to maintain your desired fill rates, keeping #safetystock to a minimum & #optimize #sales.
The success of the push inventory model relies on excellent #forecasting, where #SKUs are ordered in advance to meet anticipated demand.
#POD: Part of the #safetystock calculation uses #DemandForecast but only the month(s) that are relevant are utilized, for increased efficacy
Our #inventory order #replenishment #algorithm integrates all necessary parameters to extrapolate the #reorder date.
If your business buys perishable stock or products that devalue over time, it is even more vital that the right quantities are purchased!
It is vital for businesses to have the right products, in the right quantities, at the right place, at the right time and at the right cost.
Never be concerned about identifying #safetystock (#bufferstock) levels again – We #calculate them to daily values for maximum efficiency.
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