ABC Classification of items allows a different treatment for items of various class separate classification per item family service level target is class specific forecasting methods are class specific replenishment method per class management reports per class three types of classification:  annual  -  monthly  -  manual simulation tool of classes with immediate reports

Lead time possibility to change preferred suppliers possibility to change the transportation mode used automatic calculation of lead times according to Vendors and Transportation mode; calculates the average of the lead times over a defined history of "x" months elimination of extreme lead times from history if you have a minimum of "y" receptions over the history separation between internal and external lead times; internal lead time is calculated based on a fixed number of days plus the supplier's review period ability to compare calculated lead times with the lead time quoted by the vendor calculated lead time used for safety stock and re-order point manual lead time allowed vendor agreed upon lead time used on PO lead times reports by Vendors

Forecasting forecast formulas and parameters selected per class forecast based on past independent demand data cleansing to prevent taking abnormal demand into consideration for future forecasts optimization tool to automatically select the most efficient forecasting method two approaches for automatic data cleansing: high-low out OR a relation to average and standard deviation two calculation methods: moving averages AND exponential smoothing special approach for new items proprietary approach to handle seasonality and tendencies which can track demand cascading down or up allows manual forecasts for a given number of months; there are three ways to enter it:   - a fix quantity   - a quantity ± over the calculated forecast   - a percentage ± over the calculated forecast the IMAFS Enterprise version allows the use of the SmartForecasts module which is one of the most precise and powerfull forecasting engine on the market

Min-Max calculation parameters per class re-ordering table which calculates the number of re-ordering periods according to the annual $ value consumed of the item and takes into consideration the ordering costs and the cost to carry inventory safety stock calculated in relation to desired service level, calculated lead-time and, variability of demand or forecast accuracy calculates Min (re-order point) and Max; the Min is the safety stock plus forecasted demand over lead-time; the Max is the Min plus the forecasted demand over the replenishment period as set by the re-ordering table manual Min-Max allowed

Surplus helps to prevent new surpluses with dynamic lot sizes, good forecasts and better lead-time management helps manage existing surpluses special reports which identify new purchases over Max as well as changing conditions that render an open purchase order obsolete or unnecessary special reports that identify expected elimination of surplus over time, items in surplus and in order, surplus over Max or over "x" months of stock, ABC items with less than "x" hits

Replenishment creates requisitions for PO suggests orders if the net inventory is smaller than the Min supports replenishment in multiple product families and multiple warehouses takes into consideration standard pack, minimum purchase to vendor, preferred vendor and, transport mode stock replenishment reports

It is possible to have a demonstration of these functions
 if you communicate with us

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