Reduction in Stockouts
Reduction in Inventory
Smart Inventory Planning for Better Results
Manage your inventory with up to 99% accuracy and ease with one of the best inventory forecasting programs available. Avoid stockouts by 85% and avoid losing sales, lower profit margins, and high shipping charges. Implement 250+ advanced forecasting algorithms to ensure accuracy and prepare for every situation with an extensive ‘what-if’ analysis. Use predictive inventory management to foresee demand-rising events and optimize your inventory and safety stock to ensure availability.
Stay updated with accurate, real-time insights into your inventory. Use data from past sales, economic shifts, consumer trends, and more to plan your inventory for up to 180 intervals in the future. Save money by operating on up to 33% lower inventory and only storing the required products.
Features of Inventory Planning
Bill Of Materials (BOM)
Centralize information and save more on raw material procurement with the bill of material (BOM) explosion. Manage your raw materials better, individually and in kits. Plan your procurement better, reduce operating costs, and pay less for your resources by avoiding hasty orders during high demand or shortage.
Safety Stock Optimization
Maintain availability even during sudden demand rise with safety stock optimization. Calculate your safety stock accurately and recalculate it as your supply chain changes. Plan your replenishments with ease and save on costs. When your safety stock reduces, get alerted to ensure replenishment arrives on time.
Predictive Inventory Management
Get up to 99% forecast accuracy with our inventory forecasting software. Predict your inventory and safety stock based on demand for up to 180 periods in the future using 250+ advanced forecasting algorithms. Ensure availability even during changing supplier and market conditions with extensive ‘what-if’ analysis.
Track changes in your inventory across various warehouses with inventory management software. Monitor net purchase requirements for single and multi-level warehouses. Match existing stock to demand and better allocate inventory and safety stock across locations to ensure availability.
Monitor changes in your inventory and plan your supply chain better with consistent alerts. Enable required alerts from the available alerts for changes in inventory including out-of-stock, recommended orders, overdue receipts, safety stock running out or customize alerts using your requirements.
Access all inventory-related information simultaneously with a user-friendly dashboard planner. Make smarter inventory decisions by accessing data like your open sales order, replenishment orders, dependent demand, consolidated time-phased data, and more all in one place.
Benefits of Inventory Planning
Stay Updated on Inventory
Stay on top of your inventory with real-time insights. Get accurate updates of your in-store and warehouse inventory and never run out of stock. Make smarter decisions regarding procurement, production, safety stock optimization, and warehouse management to sufficiently cater to forecasted demand.
Maintain availability of products with our stock forecasting software. Forecast inventory for up to 180 periods and optimize inventory across all locations to ensure availability. Calculate and manage safety stock in your inventory to cater to any sudden rise in demand or a delay in your replenishment orders.
Manage SKUs Better
Use our inventory planning software to manage thousands of SKUs efficiently. Manage by exception and eliminate the need to address all SKUs simultaneously, reducing error. Use action items to prioritize the SKUs that require immediate attention over others.
Reduce Overstock and Waste
Reduce overstocking of products by using accurate inventory forecasts to only store the products you need. Reduce deadstock, damaged, or waste products in the inventory. Save on inventory space and high warehousing costs while ensuring your products spend less time in the inventory.
Organize Inventory for Events
Predict events that cause a sudden demand rise, like holidays, seasonal changes, promotional events, and forecast your inventory better with our inventory planning software. Make the most of these events, avoid stockouts, and increase revenue by forecasting location-wise inventory to maintain availability.
Improve Inventory Turns
Prepare for changing market and supplier conditions with extensive ‘what-if’ analysis. Improve your inventory turns and forecast for single or multi-level warehouses. Accurately plan inventory and safety stock changes to cope with the market changes and account for phenomena like the bullwhip effect.
Integrate With the ERP of Your Choice
Our inventory planning software integrates with most ERP solutions and business intelligence tools to ease forecasting. If you wish to change your ERP partners, we’ll help you through the transition. Our experts will work closely to help connect your new ERP to your forecasting solution and integrate your data and other necessary business information.
Industry-specific Inventory Planning Solution
We have helped businesses of all sizes from various industries save more and plan their inventory better with our inventory optimization tools. Match your supply to your demand and optimize your inventory better to save the products you need. Avoid stockout, overstock, and unnecessary revenue and increase your revenue with TransImpact. Our experts will help you get customized inventory planning software better aligned with your needs.
Our software is being implemented by retail, FMCG, fashion, manufacturing, eCommerce, automotive, and electronics industries to name a few.
Demand changes quickly in the retail sector with trends. It can prove difficult to ensure availability in a changing market. Inventory management software can help you predict these trends and alter your inventory accordingly.
Fast Moving Consumer Goods (FMCG)
There’s a high risk of overstocking losses due to deadstock or waste in the FMCG sector because of the short shelf-life for most products. Use inventory planning software to avoid overstock, minimize inventory, optimize safety stock, and reduce product time spent in inventory.
Electronic products are more expensive, and stockouts or damage can cause greater loss. Inventory planning can help manage production, and multi-warehouse inventory in advance, minimizing loss and maximizing revenue.