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)
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
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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