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  1. Supply Chain Management
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  3. Inventory Management

Supply Chain Excellence (SCX) for Inventory Management

Enhance inventory planning and stock analysis in SAP with advanced inventory management tools

Why choose our solution?

  • SAP integration: Our solution seamlessly embeds within your SAP ERP system, ensuring real-time data synchronization and a consistent user experience.
  • Enhanced inventory visibility: Gain real-time insights into your inventory, so you always know where your assets are and can make informed decisions.
  • Advanced inventory classification: Our tool classifies your inventory, making it easier to focus on high-value items and allocate resources more effectively.
  • Intuitive user interface: Enjoy a user-friendly interface designed for quick adoption, helping your team become more efficient from day one.

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More control, better management

Unlock the true potential of your inventory management with our SAP-integrated solution. As you explore our advanced features and capabilities, you'll discover that it's not just about efficient processes - its about redefining how you manage your inventory and optimizing your entire supply chain.

Key benefits

A combined display of value and behaviour of individual materials or material groups shows at first glance where to look more closely.

  1. Enhanced efficiency: Our solution seamlessly integrates with SAP, streamlining inventory management and saving both time and resources, while real-time data synchronization ensures accuracy and reduces manual data entry.Data-driven decisions: Gain real-time insights into your inventory, enabling informed, data-driven decisions, with advanced analytics and forecasting tools to optimize stock levels and reduce carrying costs.
  2. Improved customer satisfaction: Ensure you never run out of stock with automated reorder points and safety stock management, meeting customer demand consistently, and enhancing order fulfillment and on-time delivery with accurate inventory tracking and multi-location support.
  3. Scalability and customization: Our solution effortlessly accommodates business growth with increased data and transaction volumes, while offering customization and configuration options to meet your unique business needs and industry requirements.

Inventory classification: Unlocking efficient inventory management

One of the cornerstones of effective inventory management is understanding the significance and characteristics of individual items within your inventory. Our inventory management solution goes a step beyond categorization, offering a robust inventory classification feature that empowers you to optimize your inventory strategy with precision.

ABC/XYZ analysis

Our solutions supports both ABC and XYZ analysis, providing a comprehensive approach to classifying inventory items based on their significance and demand patterns:

  • ABC analysis: Utilize ABC analysis to differentiate items into categories A, B, and C based on their importance, typically measured by their contribution to revenue, cost, or other factors. This categorization guides you to focus your attention and resources on the most critical items while efficiently managing less important ones.
  • XYZ analysis: Employ XYZ analysis to categorize items based on their demand patterns. This classification divides items into categories X, Y, and Z, reflecting their demand volatility. With this, you can tailor your inventory control strategies to items with different demand characteristics.

Automated classification and suggestions

Our solution goes beyond manual classification by offering automation and intelligent suggestions. Here's how it works:

Screenshot: Dashboard the combined display of value and behaviour of individual materials or material groups

Automated classification

Our system can automatically classify items based on predefined rules and criteria for both ABC and XYZ analysis. For example, high-value, high-demand items may be categorized as "AX" items, while low-value, low-demand items may fall into the "CZ" category, all without manual intervention.

Suggested categorization

Our intelligent algorithms can provide suggestions for categorization based on historical usage and demand patterns. This feature simplifies the process, helping you quickly identify the optimal category for each item.

Benefits of inventory classification

  1. Optimized inventory strategy: With items classified according to their importance and demand patterns using ABC/XYZ analysis, you can fine-tune your inventory strategy. This ensures that critical, high-demand items are always in stock, while resources aren't tied up in less vital, low-demand inventory.
  2. Efficient resource allocation: By focusing your efforts and resources on high-priority items with a precise understanding of their significance and demand patterns, you can allocate your team's time, procurement budgets, and warehouse space more efficiently.
  3. Data-driven decision-making: Inventory classification, combined with real-time data, empowers data-driven decision-making. You can make informed choices about reorder points, safety stock, and stock levels for each category, leading to better inventory management and reduced costs.

Consulting from ifm

Streamline your supply chain with expert process consulting

Our seasoned team of SAP and supply chain experts are here to assist you every step of the way, tailoring support to your specific needs. From process mapping to the seamless implementation of the perfect solution, we've got you covered.

Target range monitor

The target range monitor is designed to provide you with a clear and actionable overview of your inventory, enabling you to optimize your stock levels effectively. It acts as a strategic guide for maintaining the right balance in your warehouse, helping you avoid stockouts and excess stock situations that can negatively impact your business. Here's how the range of coverage matrix works and benefits your inventory management:

  1. Optimal stock thresholds: The target range monitor is a visual representation of your inventory. Items are categorized based on their stock levels and replenishment lead times. Red indicates shortages while blue highlights surplus stock. The grey represents the optimal stock range for each item, ensuring you have enough stock to meet demand without holding excessive surplus that ties up capital.
  2. Prevention of production halts: One of the worst-case scenarios in inventory management is a production halt due to stockouts. The target range monitor minimizes the risk of such disruptions by helping you maintain the right inventory levels.
  3. Integration with master data: The target range monitor operates with planned values stored in your master data, ensuring that your analysis is based on accurate and up-to-date information. This integration enables you to respond to changes and challenges swiftly and effectively.
  4. Liquidity and customer relations: By avoiding both surplus and shortage scenarios, you can allocate your resources more efficiently and maintain a healthier financial position. Additionally, your customers benefit from consistent service and product availability.
Screenshot: Coverage matrix

Utilizing the target range monitor for your inventory management strategy helps you maintain a well-balanced inventory that ensures financial efficiency, customer satisfaction, and production continuity. With this feature, you have a powerful tool at your disposal to steer your inventory toward optimal levels, reduce costs, and navigate the intricacies of modern supply chains with confidence.

Replenishment lead time monitor

The replenishment lead time monitor takes precision to the next level by comparing current replenishment lead times with your planned lead times. This features utilizes key date data, such as order and delivery information, to systematically identify variations. Early deliveries appear in yellow, while delays are marked in red. This visual distinction ensures that the person responsible can promptly recognize which materials require immediate action.

Screenshot: Replenishment time monitor

Streamlined replenishment management

Our replenishment lead time monitor simplifies the process of adjusting lead times and maintaining an efficient supply chain. With a single click, the materials manager can effortlessly access master data maintenance to fine-tune the replenishment lead time according to the specific needs of your organization.

Company-specific rules for automated adjustments

What sets our replenishment lead time monitor apart is its ability to automatically update other critical parameters when lead times are adjusted. Thanks to company-specific sets of rules, safety stock and reorder points are automatically recalculated. This not only saves time but also ensures that your entire inventory management strategy aligns with your business objectives.

Maintain the integrity of your master data

Master data serves as the foundation upon which your entire inventory management system is built. Every statement, analysis, set of rules, key figure, and proposal relies on accurate and well-maintained master data. If this foundation is neglected, the reliability of your supply chain, particularly in inventory management, is compromised.

ifm recognizes the pivotal role of master data and offers several tools to streamline data management. Here's how we make it easier to maintain the integrity of your master data:

Consumption development insights

Our solution provides a detailed view of consumption development at the individual material level over time. This historical perspective helps you detect changes in the behavior of materials, enabling you to respond promptly to evolving demand patterns.

Effortless MRP parameter adjustment

With one click, you can view the corresponding Material Requirements Planning (MRP) parameters. This feature allows you to swiftly make necessary adjustments, ensuring your data accurately reflects your changing needs.

Default value calculation

We automate the calculation of default values for critical parameters like the degree of delivery and safety stock. This automation streamlines the process, reducing the margin for human error and ensuring consistency.

Target vs actual comparison

Our target vs actual comparison is based on different MRP parameters. This enables you to assess the effectiveness of your current settings and make data-driven adjustments as needed.

One click optimization

Optimizing parameters is as simple as a single click. Our solution refines your data settings with precision, enhancing the accuracy and efficiency of your inventory management.

Simulation for informed decision-making

Our simulation feature empowers you to make informed decisions by offering a visual analysis of stock development based on various MRP parameters. This data-driven approach helps you assess different scenarios and select the most suitable strategy for your inventory management.

Frequently asked questions

By using this controlling and operations solution, we are able to speed up our material planning processes by more than 67%. We have been able to reduce our scrapping by 73%, whereby the interaction with the forecast module has played a significant role here and, last but not least, we have been able to increase our delivery readiness by 3%.

Mehmet Kozan Manager Supply Chain Management, Baier & Schneider GmbH & Co KG

Get a personalized demo of our Inventory Management solution

Request a live demo now to explore the power of our solution. Discover how our features can optimize your supply chain, boost profitability, and enhance customer satisfaction. Don't miss this opportunity to take your inventory control to the next level.

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