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The challenges are:
to be responsive to changing demand
to apply adequate forecasting techniques
To deal with new models that are introduced which leads to more and more inventory of raw material item numbers, both as spare parts and for production.
Lack of visibility if they have more than one stock location
manufacturing and sales are in intense competition is inventory is shared but not planned correct in an integrated manner
ACHIEVING OPERATIONAL EXCELLENCE
Syncron’s inventory management tool has built in functionality that automatically detects what demand pattern a part has.
The system automatically assigns a demand type to the item.
All settings are parameter diriven and adjusted to your business as needed.