Proper inventory planning software also helps you eliminate supply chain variability. You and your trading partners will gain better visibility of procurement, production costs and service requirements. Operating more efficiently, you can eliminate expediting costs in production and transportation so you won’t disrupt the flow of other products. Not only will you accelerate the introduction of new products, you’ll deliver better customer service. Inventory Planning is a critical component of a Collaborating Planning Forecasting and Replenishment (CPFR®) strategy. And Logility enables you to easily support inventory management programs such as Vendor Managed Inventory (VMI), Distribution Resource Planning (DRP), Efficient Consumer Response (ECR) and Just-in-Time (JIT) inventory management.”
According to Logility’s website, “Voyager Inventory Planning software helps you realize hard-dollar benefits that come with improving inventory efficiencies. To reduce inventory levels and increase turns, you can automatically calculate time-phased inventory plans – instead of stockpiling excess products. With Logility, users set the best safety stocks and replenishment quantities, by individual item. You can also optimize allocations by location. These strategies will enable you to eliminate inventory redundancies, prevent obsolescence and reduce mark-down quantities.
Integrated Product Support Elements Addressed
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