Inventory AnalytiX

High stocks? Low service level?

Inventories are a daily challenge for production planning: Planning the right amount of different raw materials and articles is complex, especially with an increasingly broad product portfolio. Those responsible in material planning are all too often faced with a dilemma: Too many stocks tie up liquidity, too few jeopardize delivery performance and thus customer satisfaction. Conventional forecasting and scheduling functions in ERP systems are increasingly reaching their limits here. In many places, the resulting costs, at 9-15% of the total inventory, are a significant cost item in the income statement.

Process parameters such as the lot size and the replenishment lead time have a decisive influence on which quantity of an article has to be ordered and when.

That is why we use our exclusively designed supply chain analytics tool, which determines the future target inventory based on ERP data and the desired service level. The high visual transparency shows very intuitively the need for changes, such as master data adjustments and lot size optimizations.

Next, we qualify your employees: with supply chain training tailored to your needs. In this way, the supply chain know-how is improved and the relationships in an end-to-end supply chain become clear. This step is necessary to gain an understanding of the simulation processes and derived measures.

On the basis of the supply chain training and the analysis and simulation results, we discuss the potentials and risks in your current inventory situation and optimization measures together.

As part of an implementation support defined with you, we regularly discuss the necessary improvement measures with your planners and procurers, which are based on methods from the supply chain and LEAN management. The aim here is that your employees learn how to improve inventory and service sustainably so that they can carry out such measures independently in the future.

Our Inventory AnalytiX tool

• Real-time visualization: The software displays all ERP master data and process data quickly and clearly
• Inventories over time: You can see at a glance how your total inventory and the inventory of each individual item has changed over time.
• Savings potential: Based on the current supply chain data, there is a total potential of how much costs could be saved by optimizing the inventory
• "What-if-Scenarios": Simulation of process changes in real time: Make changes to parameters such as lot size and use the simulation to find the ideal processes for an optimal inventory.

Why NEONEX?

NEONEX is a management consultancy with technical and management expertise. We come from industry. With our in-depth knowledge, we develop functional concepts to increase the competitiveness of our global customers and accompany them from the first step through to global roll-out.

Thanks to our extensive know-how, we were able to develop an analysis and simulation tool that clearly visualizes the complex relationships in a supply chain and very easily shows potential for improvement.

Decide with Inventory AnalytiX to intelligently optimize your inventory instead of reducing it across the board.