Slimstock Inventory Optimization for NetSuite

Demand Profiling

Slimstock’s S&OP platform provides a comprehensive overview of your supply chain, allowing your team to make informed decisions based on accurate data and insights. It helps Attain real-time visibility into demand and supply as you reduce inefficiencies throughout your supply chain to achieve fast, sustained, and profitable growth. To stay ahead of the competition, Slim4 anticipate and prepares for change by:

• Identifying emerging trends to increase forecast accuracy and achieve greater alignment between sales and supply. 
• Exploring multiple scenarios to investigate the impact of risks and opportunities 
  Aligning product decisions with your business goals to maximize profitability

Statistical Forecasting

By analyzing demand patterns at all levels and considering a range of demand metrics, Slim4 enables businesses to create objective profiles which ensure only the most appropriate forecasting algorithm. To achieve the best possible forecast, demand profiling within Slim4 is underpinned by: 

• Analysis of demand at an SKU, product group, location, or channel level 
• Analysis of total sales volumes, frequency of sales, sales quantities, and individual transactions.  

Dynamic Calculated Safety Stock

To provide the desired service level for unexpected demand, the correct buffer or safety stock must be calculated for every product. Slim4’s powerful capabilities enable NetSuite to continually optimize the inventory by:

• Differentiating service level and safety stock, taking into account delivery times, optimal order quantities, and ordering times
• Distinguishing between presentation stock and all other types of inventory
• Using a unique approach for unique items like perishable products that have an expiration date.
• Automatically optimizing purchase orders for thousands of SKUs across all stocking locations
• Optimized replenishment based upon dynamic MIN / MAX rules wherever needed.  
• Responding to developments in local demand both at the item and location level
• Optimized phase-in and phase-out of items based on product life cycle management. 

Product Life-Cycle Management

Given that no two product life cycles are ever the same, it’s vital that inventory levels are managed carefully to maximize availability during the introduction, growth, and mature phases as well as to minimize obsolescence at the end of the life cycle. Slim4 helps businesses stay ahead of product life cycles as it:

• Automatically adopts the inventory strategy to fully optimize the entire product lifecycle
• Apply business rules to adopt either a defensive or aggressive approach during the launch phase
• Remains responsive and generates forecast after initial sales of new items
• Optimizes margins and inventory costs for mature items
• Notify planners when sales start to fall at the end of the product lifecycle.
• Provides insight into different phase-out scenarios that help decrease inventory levels accordingly. 

What-if Simulation and Scenario Planning

Deciding how best to meet the needs of your customers is something that requires considerable thought. Given that there are a range of influences, both internal and external, that can change in the business environment, it is important that the impact of these factors on the future stock position is fully understood:

• Explore the impact of changes in service level, order quantity, and replenishment cycles
• Analyze the impact of pursuing an inventory-level target