A prime concern of any Inventory based company is knowing What to Buy, When to Buy, and How Much to Buy. A successful organisation knows how to balance the replenishment requirements of having enough stock on hand with the expense of purchasing and warehousing unnecessary stock. In today’s economy, managing inventory is not just an advantage, it is a necessity. Let’s look at how Resolv Inventory Planning can help you be more efficient in knowing what to buy and when.
Here's a quick overview video about Resolv Inventory Planning with SAP Business One.
Inventory Planning offers two methodologies for inventory planning beyond SAP Business One’s MRP.
This method is based on formulas developed by Gordon Graham. It bases estimates of future demand on the averages of past usage, lead times, and other factors calculated by the system. This method assumes future demand can be predicted by past history.
Some advanced controls using this method include:
Forecasting is based on a set of formulas developed by Effective Inventory Management, Inc.
These formulae incorporate various trends and weighted averages along with past usage to predict future demand. Beyond historical usage, these formulas incorporate factors such as seasonality and sales trends.
Some of the controls using this method allow you to:
Come and discuss with the Cloud Factory team your requirements and lets see how we can help transform the future of your business with Inventory Optimisation for SAP Business One.
Cloud Factory is an ERP specialist, helping you implement ERP systems such as MYOB Advanced, SAP Business One, Microsoft Dynamics 365, Microsoft Dynamics 365 Business Central, Wiise, PowerPlatform and Korber K.Motion Warehouse Edge.