Less stock – more profit
All people want to keep the right balance between working capital, operating costs and the optimal service level, so it is essential for organizations to perform wisely so as to get the greatest returns. ILS offers customers a periodical assessment and benchmark of inventory and order management KPIs, with three objectives:
- Increased stock rotation
If you based your planning on incorrect data, it can increase the inventory levels unnecessarily. By optimizing your inventory data, a ILS inventory scan increases stock rotation by 30% on average, with a corresponding reduction in working capital.
- Improved inbound cost efficiency
The ILS principle of order management with our inventory scenario analysis will decrease your inbound orders. That shows a 50% reduction in transport costs and will ensure your team to concentrate on the overall order management process instead of individual cases.
- Optimized stock availability
Losing customers because of the poor service through late or incomplete orders is bad. ILS’s Inventory management includes capturing the desired service levels into the re-order and stock levels per stock keeping unit (SKU). The inventory management usually results in a 25% decrease in ‘Out of Stock’ incidents.
In addition to ILS’s WMS data, more in-depth inventory data is needed to scan your stock and order management efficiency. This includes SKU data on:
- Lead time
- Economical order quantity
- Service level
- Open purchase orders
- Supplier number
- Open sales orders
- Minimal order quantity
- Unit price
- Incremental order quantity