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MINIMIZE INVENTORY CARRYING COSTS.

  • Increase product turnover by strategically reducing inventory levels and properly deploying in-demand inventory to the correct location
  • Determine how your inventory mix meets demand and how inventory value trends over time
  • Identify inventory turns, slow-moving items, and which item shortages drive backorders
  • Calculate the average days of supply per-item and per-category, and volume of excess and obsolete inventory

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OPTIMIZE ORDER FULFILLMENT.

  • Calculate and monitor the order fill rate, on-time performance rate, order return volume, and top problems causing order holds
  • Identify orders that need to be fulfilled within a certain timeframe and which factor(s) pose the highest risk to open orders
  • Identify which customers cancel the most orders and the reasons behind their cancellations
  • Determine the most frequent reasons for returns and the products returned the most
  • Identify the regions, business units, or accounts that consistently inhibit order performance

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PROACTIVELY MANAGE PROCUREMENT'S MATERIAL SPEND.

  • Determine the root causes of unfavorable purchase price variance (PPV) and if inventory is carrying cost-consuming gains from favorable PPV
  • Identify which suppliers suffer from quality and delivery issues, and the outstanding payments due to them
  • Calculate the off-contract spend for the current quarter
  • Identify the top 10 products according to the indirect spend amount

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OPTIMIZE SUPPLY CHAIN PLANNING.

  • Confidently set safety stock targets and inventory positions for items or categories
  • Avoid future stockouts by identifying and prioritizing items at risk of falling below safety stocks
  • Determine critical exceptions that exist, and the items and customer orders impacted by them
  • Identify purchase orders past-due more than seven days, and the suppliers and items/categories impacted by them
  • Understand and monitor inventory levels, production schedules, and orders for raw materials, works-in-progress, and finished goods

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PROACTIVELY RESPOND TO FAST-CHANGING TARIFFS.

  • Understand within only minutes the impact new tariffs will have across your entire business
  • Easily compare proposed tariff rates against Harmonized Tariff Schedule (HTS) codes
  • Conduct “what-if” scenario analyses to model the impact of alternative approaches, such as absorbing tariff impacts, raising prices, or switching suppliers

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