INVETORY MANAGEMENTAgendaSlide 3Inventory Management SoftwareSlide 5Slide 6Slide 7Slide 8Slide 9Inventory Optimization SoftwareSlide 11Slide 12ChallengeVendor Managed InventoryMain ActivitiesBenefitsHow to make it workVMI FlowPerformance MeasurementsMeasurementsSlide 21JUST-IN-TIME (JIT)JUST-IN-TIMEPROGRESSION TO JITJUST-IN-TIME EFFECTSJUST-IN-TIME BENEFITSJUST-IN-TIME LIMITATIONSJIT Case StudyCase study: AnixterSlide 30Slide 31Slide 32Slide 33SolutionProgram ResultsBenefits ObtainedSlide 37INVETORY INVETORY MANAGEMENTMANAGEMENTPresented By:Presented By:Leydi VelezLeydi VelezAhmed Al ShaeefAhmed Al ShaeefHerbert GuerreroHerbert GuerreroJohn Herrera John Herrera EIN 5346 Logistics Engineering EIN 5346 Logistics Engineering Chapter 9Chapter 9AgendaAgendaI.I.Contemporary Approaches to Contemporary Approaches to Managing InventoryManaging Inventory1.1.Inventory Management SoftwareInventory Management Software2.2.Vendor-Managed Inventory (VMI)Vendor-Managed Inventory (VMI)3.3.Just-in-Time (JIT)Just-in-Time (JIT)4.4.JIT Case StudyJIT Case StudyInventory Management Inventory Management SoftwareSoftwareInventory Management Inventory Management SoftwareSoftwareBenefits:Benefits:Eliminate manual inventory management processes thereby reducing errors and lead time.Provides managers easy access to the numbers that are Provides managers easy access to the numbers that are needed for reporting and restocking information. needed for reporting and restocking information. Provides complete real-time visibility into demand, Provides complete real-time visibility into demand, supply, costs and fulfillment measures and trends.supply, costs and fulfillment measures and trends.Significantly improve your relationships with suppliers, Significantly improve your relationships with suppliers, vendors and partners by providing self service and real-vendors and partners by providing self service and real-time visibility. time visibility.Improve demand planning/reduce forecast error rate Improve demand planning/reduce forecast error rate Reduce lost sales and backorders Reduce lost sales and backorders Increase inventory turnover Increase inventory turnover Manage large numbers of styles and SKUs efficiently and Manage large numbers of styles and SKUs efficiently and accurately accurately Improve management understanding of forecasting and Improve management understanding of forecasting and inventory management process and performance inventory management process and performance Increase sales and profitsIncrease sales and profitsBenefits Continued:Benefits Continued:Inventory Management Inventory Management SoftwareSoftwareInventory Management SoftwareInventory Management SoftwareinFlowinFlow1. Sales – Sales Orders and Customer Information2. Purchasing – Purchase Orders and Vendor Information3. Inventory – Product Information, Stock Quantities, Stock Adjustments, etc.4. Reports – Reports offered by inFlow to gather and share informationInventory software for small to mid-sized businesses. divided up into four main modules:http://www.inflowinventory.com/Download options:Free Edition, Regular Edition ($299/license), Premium Edition ($499/license)Software development company providing Inventory Control Software for 3PL Public Warehouses, Manufacturers, and Distributors.Inventory Control TrackerInventory Control TrackerTMTM1.Inventory records are updated automatically2.Notifications (reaching expiration date)3.Multiple warehouse tracking4.Track items by item #, lot #, production code, date, carrier, consignee.Traker Systems Traker Systems http://www.trakersystems.comEditions: 3PL Public Warehousing Edition, Manufacturing & Distribution Edition, Lite EditionInventory Management SoftwareInventory Management SoftwareFishBowl InventoryFishBowl InventoryInventory Management system for small to medium-sized companies that integrates with Quickbooks. Features:1.Multi-location inventory tracking2.Manufacturing3.Part Tracking4.Unit of measure5.Drop shipping6.Bar coding7.Credit card processing8.Variable pricing and discounting9.Order picking10.Kittingwww.fishbowlinventory.comInventory Management SoftwareInventory Management SoftwareAdvanceWare Technologies, AdvanceWare Technologies, AdvancePro Inventory AdvancePro Inventory http://www.advanceware.nethttp://www.advanceware.netNetSuiteNetSuitehttp://www.netsuite.com/portal/products/netsuite/supply-http://www.netsuite.com/portal/products/netsuite/supply-inventory/main.shtmlinventory/main.shtmlDirect Tech, Inc. Direct Tech, Inc. Forecast*21Forecast*21 (Inventory forecasting)(Inventory forecasting)http://www.direct-tech.comhttp://www.direct-tech.comInventory Management SoftwareInventory Management SoftwareInventory Optimization SoftwareInventory Optimization SoftwareMincom Critical Inventory Optimization (MCIO)Mincom Critical Inventory Optimization (MCIO) is is anKintelligent, predictive software solution that identifies anKintelligent, predictive software solution that identifies the optimal holdings of every stock item based on usage the optimal holdings of every stock item based on usage patterns and criticality. MCIO automatically analyzes and patterns and criticality. MCIO automatically analyzes and adjusts stock levels and reordering requirements on an adjusts stock levels and reordering requirements on an ongoing basis.ongoing basis.SmartOps Enterprise Inventory Optimization (EIO) SmartOps Enterprise Inventory Optimization (EIO) is is a comprehensive suite of software modules that enables a comprehensive suite of software modules that enables organizations to plan and manage inventories across global organizations to plan and manage inventories across global supply chains. SmartOps EIO encapsulates sophisticated, supply chains. SmartOps EIO encapsulates sophisticated, proprietary algorithms into software that integrates with proprietary algorithms into software that integrates with enterprise planning systems and handles large-scale, enterprise planning systems and handles large-scale, complex supply chains in a dynamic and automated complex supply chains in a dynamic and automated manner.manner.JDA’s Network & Inventory OptimizationJDA’s Network & Inventory Optimization uses uses deterministic and stochastic optimization combined with deterministic and stochastic optimization combined with flexible user-interface and analytical workbenchesflexible user-interface and analytical
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