Having the right product, at the right place, at the right time and at the right available level – every time – is the holy grail of every supply chain. Companies traditionally use historical performance, channel demands, and gut feel to determine product allocation and replenishment planning. However, without proper measures and analytics, this is falling short of providing the right results. More and more companies are starting to turn to predictive analytics to refine this decision making. The challenge is finding the balance between prediction and actual. Learn how to leverage standard SAP tools and reports you already own to reduce inventory averages by more than 20% while increasing the availability of inventories to production and sales.
- Understand the importance of segmentation and how best to establish this principle in SAP
- Target the greatest contributors to high and low inventory levels to achieve reductions in stock outs and improved inventory turns
- Identify the excess inventory in the active/moving parts and where more than the necessary safety stocks are held
- Identify high movers that constantly stock out and to prevent negative service level impacts
Hands-on Exercise on Inventory Analysis.