Vendor Managed Inventory (VMI)
VMI and Demand Planning: Innovative planning platform for your supply chain network
Softeon Vendor Managed Inventory streamlines the supply chain
Inventory, the most visible part of the supply chain, is difficult to balance in the handoff from suppliers, manufacturers and distributors to retailers. For all the stakeholders in the supply chain, proper inventory management and demand planning can make or break the bottom line and determine business success. Many companies struggle with inventory planning and demand balancing in their quest for improved “one number” sales and operations planning (S&OP). New-generation supply chain planning solutions, such as Softeon’s vendor managed inventory (VMI) application, help ease the gap. Softeon VMI provides inventory-demand balancing and demand planning in a single solution.
Softeon Vendor Managed Inventory
Softeon Vendor Managed Inventory (VMI) enables all stakeholders in the supply chain to see into their networks and perform better demand forecasting and inventory planning in true collaborative fashion with vendors.
Optimize inventory-demand balance with Softeon VMI
Softeon VMI enables all stakeholders in the supply chain to see into their networks and perform better S&OP forecasting and demand planning in true partnership fashion. VMI uses various data feeds to create an optimized “demand stream” and perform inventory-demand balancing. The solution examines raw data collected by the system to see into in-store inventory levels and establish forecasts and demand based on factors such as seasonality, promotions, campaigns, merchandising plans and actual sales. Manufacturers, distributors and retailers use Softeon VMI to:
- Gain real-time visibility of stock levels to identify priorities for replenishment
- Manage actual sales, maintain minimum inventory levels and change minimum levels depending on seasonality, promotions or other events at supplier, retailer and/or store level
- Determine most optimized store replenishment needs to help stores manage the right amount of inventory at the right time
- Set event alerts by priority level or type of stock to reorder
- Assess store, distributor or manufacturer inventory data at single or aggregate level for better demand planning and stock optimization.
With Softeon VMI, visibility into stock levels throughout the supply chain, including reduction of stock-outs and over-stock situations, improved localized operations at the store level and higher revenues due to better demand-chain performance are a natural occurrence. Get the Softeon Advantage with VMI.
Agile Demand Planner (ADP)
ADP enhances retail performance Retail never sleeps! Staying on top of changes in demand which trigger changes in stock replenishment and inventory levels is a constant battle. A dizzying array of vendor SKUs, volatility in consumer demand, seasonal demand adjustments and lack of visibility into the demand chain present major challenges for the best of retailers and suppliers. sol_adps_screen_thAs a built-in function of Softeon Vendor Managed Inventory (VMI) solution, Agile Demand Planner (ADP) integrates the silos of sales planning, demand planning, replenishment and inventory management in a single solution. ADP allows you to create sales forecasts at any level of the supply chain which drive inventory, replenishment and purchasing execution. Softeon’s unique “demand sensing” capabilities react to near-term customer demand information, including POS data as well as store and distributor inventory levels. The Softeon ADP natively supports planning from bottom-up (actual sales) or top-down (revenue targets). ADP provides all stakeholders – budget, sales, finance, procurement, supply chain operations – relevant planning views, ensuring consistency across the supply chain network.
Softeon Agile Demand Planner
Softeon Agile Demand Planner (ADP) allows users from across your supply network – demand, supply or replenishment planning to inventory and procurement – to model various forecast scenarios.
Instant forecast modeling with ADP forecasting
The Softeon VMI application allows users from across your supply network – demand, supply or replenishment planning to inventory and procurement – to model various forecast scenarios. Sharpen your demand-planning accuracy with ADP’s powerful forecasting function to:
- Update the forecast based on all demand signals to drive changes in inventory and replenishment
- More accurately forecast new product introductions and hard-to-forecast products
- Manage events and promotions and determine their effect on future forecasts; analyze the effect of events and promotions on historical demand