In a world where cost cutting is essential to retain profitability, inventories are a core focus area for organizations wanting to reduce their costs. Multi-echelon, distribution centric networks where inventory resides at different locations or tiers further complicates the inventory planning task.

The problems with inventory are two fold:

• Quantity related problems where having too much inventory leads to holding costs and risk of obsolescence.
• Place related problems where organizations with a distributed structure find the wrong inventory at the wrong place at the wrong time.

Inventory planning is not just related to lowering the inventory but to determining the optimal level, place and time of inventory.

Harapa’s Inventory Planning solution provides a holistic planning service to determine all aspects of your inventory.

• Reduce overall inventory holding costs, stockouts and overstocks by determining the optimal inventory quantity across multiple echelons of the supply chain
• Analyse historical demand to classify products into A,B, and C categories and determine right inventory policy for each class based on target service levels
• Integrated with demand planning for immediate response to changes in demand on a real time basis
• Simulate the effects of variations in demand on overall inventory position to determine supply chain flexibility.