EVOLVE YOUR INVENTORY STRATEGY WITH MEIO

Arkieva Multi-Echelon Inventory Optimizer

Arkieva has designed its Multi-Echelon Inventory Optimization (MEIO) module as a comprehensive tool to calculate these safety stock targets. It takes into account demand and lead time variability at each echelon and node and uses a sophisticated algorithm to calculate the targets in a multi-echelon way. It also enables scenarios and allows comparison of these scenarios with each other. This module combines advanced MEI capabilities with the data management, analytics, and reporting engine within the Arkieva Software.

Quickly Calculate Inventory Targets Across the Network

  • Evaluate trade-offs between different service levels strategies

  • Optimize inventory targets for all materials and locations across a multi-echelon network

  • Utilize flexible settings for service level definition and service level differentiation

  • Evaluate both distribution networks (Bill of Distribution and production network)

MEIO
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Arkieva integrates with demand, supply, and ERP data to help you optimize your safety stock levels across your entire network.
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Optimize Inventory Targets Across Multiple Locations

Inevitably, global or national business is forced to hold inventory at different locations. Inventory management becomes increasingly complex when you must ensure that the optimal inventory is kept at the right location and at the right time.

Identifying if your business operates as a single-echelon or multi-echelon business is essential to selecting the right inventory optimization strategy and solution.

Is My Business a Single-Echelon or Multi-Echelon Network?

  • Individual material-location combination is not affected by any other material or location

  • Products are usually sold from a single location

  • Usually operated using traditional safety stock methodologies

  • Inventory levels at each material-location combination have an impact on the required inventory at other levels

  • Operated through a distribution network (Plant/DC/Warehouse), as well as, a manufacturing network

  • Operated using more advanced methodologies to ensure optimization across multiple locations

FEATURED WEBINAR:

3 MUST HAVE INVENTORY MANAGEMENT SOFTWARE FEATURES FOR OPTIMIZING YOUR S&OP PROCESS TODAY

Determining the right inventory levels involves maintaining optimal inventory buffers for your cycle, safety, anticipation, and transit stocks.  Additionally, businesses have to answer the question of where to keep their inventory without sacrificing customer service level targets.

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FEATURED CUSTOMER STORIES

Case Study: Nouryon Achieves a One-Plan Harmonized S&OP Process with Arkieva2019-11-07T07:13:07-05:00
Case Study: Duvel Moortgat Beer Brews an Improved Demand and Inventory Management Process with Arkieva2019-11-07T07:17:16-05:00
Case Study: Lush Teams Up with Arkieva to Improve Demand, Inventory, and Financial Planning2019-11-07T07:19:39-05:00
Case Study: Gates Europe Increases S&OP Maturity with Arkieva2019-11-07T07:18:20-05:00
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See a Product Tour of the Arkieva Inventory Planning Solution

Anticipate and plan for different scenarios. Arkieva allows users to create multiple scenarios with different parameters, values, and service levels.
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Not Ready to Ask for a Demo? Get Started with Our Demand Planning Resources.

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