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How to analyze and optimize your inventory with the ROCE Inventory Toolbox in a week?
In today's rapidly changing economy, effective balancing of customer service and inventory levels is the key to improving cash flow.
Please send us your contact details using this form to receive a free analysis of a limited set of your inventory. For more information about this tool please read below.
ROCE Solution for Inventory Management
High inventories and low customer service level are common symptoms of ineffective inventory management. To help companies with these challenges ROCE developed a tool called the ROCE Inventory Toolbox. This tool supports companies in conducting a fact-based analysis to determine correct inventory levels. Furthermore, the tool has built-in simulation capabilities for planners to understand how safety stock levels are impacted by customer service levels, order quantities, supplier lead time deviations and forecast accuracy.
Components of ROCE Inventory Toolbox
Inventory Calculator
- Supports the inventory planning process
- Calculate safety stock targets on all product – locations:
- Mass update of safety stock
- Highlight areas where user should spend more time before approving new safety stock target
- EUR Value of safety stock
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Inventory Analyzer
- Analysis how inventory parameters impact stock levels and total cost
- What-if analysis:
- Merge warehouses
- Value of increased forecast accuracy
- Order and replenishment quantity impact on total costs
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Service Analyzer
- Educate sales organization on the importance of forecast accuracy
- Simulate how demand deviation impacts service level and lost sales. The outputs are:
- Forecast error impact on service level
- Service level and lost sales dependency
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Benefits of ROCE Inventory Toolbox
ROCE Inventory Toolbox is a ready-to-use tool, simple and easy to deploy. The tool will enable planners to take a fact-based approach to determine the optimal inventory level considering the tradeoffs between costs and service levels. The key benefits of ROCE Inventory Toolbox are:
- Reduced inventory
- Increased customer service level
- Quick return on investment
Are you interested?
Would you like to receive more information about the ROCE Inventory Toolbox? Please send us your contact details using this form.
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