Optimize your inventory levels
by always knowing when and how much product to order
CLARIFY THE FUTURE
It is vital for any business to have the right products, in the right quantities, at the right place, at the right time, and at the right cost. When any of these elements are missing, the value of the inventory will be compromised.
Allsku has created a service that enables your business to get a coherent understanding of its inventory replenishment requirements, to ensure you have the data needed to plan and act at the appropriate time.
Our business begins where others finish - getting a demand forecast is not the end of the process. We take your data and bring clarity, with unparalleled detail and insight, so you can be confident that your next inventory planning decision will be fully optimized.
WHAT WE DO
Allsku supplies manufacturers, distributors, retailers, and service providers with optimal inventory planning parameters that help maximize their supply chain efficiency.
Using your demand forecast and other pertinent data, the current and future scenario is identified, indicating when a new order should be placed to achieve and then maintain a specified inventory service level at any of your warehouses. Six months of visibility is displayed.
The majority of our clients compile their own in-house demand forecasts and others use third-party options. Before they came to us, all had one thing in common – they had no clearly defined technique of how to use their demand forecasts effectively, to attain an optimized inventory plan.
A coherent purchasing tool
that systematically calculates inventory requirements
OUTSTANDING METHODOLOGY
Our inventory planning algorithm integrates the initial available quantity of stock, the number of units sold in the current month, all orders in transit, historical lead times, monthly demand forecasts with each ± percent error, and service level requirements for each month, to calculate when a SKU will fall below the automatically generated safety stock threshold and extrapolates the date, at which an order will need to be placed, to retain the appropriate stock level.
This is a unique approach that circumvents the reorder point theory and replaces it with the reorder date system, where the projection for a specific day to reorder is calculated. Distinct from the reorder point theory, our approach is able to accept long and/or inconsistent lead times, variability in the monthly demand forecasts, and multiple replenishment orders that are already in transit, ensuring that the results are always optimized. We have also included a module for those clients who prefer utilizing cyclical reviews (order-up-to level), which specifies the amount needed to take the inventory level to the optimal maximum.
Having insufficient stock may disappoint customers, leading to decreases in customer loyalty, higher customer attrition, and new customers for your competition. Stock-outs also interrupt cash flow, which can lead to costly backlogs.
Using our methodology, many businesses see vast improvements in line item fill rates, on-hand inventory, and inventory turnover, compared to their previous techniques.
-
Estimated reorder date is identified and the number of days to that date is displayed
-
Service level requirement can be set to a user-defined value for each month
-
Demand forecast ± percent error can be set to a user-defined value for each month
-
Safety stock level is automatically calculated to daily values
-
Stock projection graph is fully dynamic and will show up to 6 months of data
-
Economic Order Quantity (EOQ) can be calculated and optimized for next submission
-
Demand forecast values are checked to confirm that targets are attainable
HOW OUR SERVICE WORKS
At your chosen intervals (or whenever vital numbers change), you provide your data using our Excel template. The data is then processed through our algorithm and your results are compiled, in Excel, in one (or more) batches, which will be returned by email as an attachment.
We have created Allsku to be the most accurate, straightforward, cost-effective, and easy to implement inventory replenishment service available. All that's needed is that you are able to extract your data and save it in Excel.
Our comprehensive package contains a detailed results index page with hyperlinks to each corresponding SKU/location sheet. Each batch has up to 192 scenarios.
Our pricing structure is simple and straightforward. It's pay-as-you-go. There's no contract to sign and no hidden fees.
ADVANTAGES WITH ALLSKU
With our methodology of balancing capital investment constraints or objectives, and service level goals, whilst taking demand and lead time volatility into account, our clients typically see the following improvements:
• Reduced on-hand inventory
• Reduction of expedited shipments
• Reduction of stock-outs
• Reduced planning time
• Improved productivity
• Improved service levels
• Improved line item fill rates
• Increased inventory turnover
• Increased sales