![]() ![]() Market changes very dynamically, and it’s hard to predict if your history of sales is yet relevant enough to the current situation and can be used to extrapolate into the future. Using AI (Artificial intelligence) to forecast demandĮstimating seasonality, price elasticity, or top-down forecasting is not enough nowadays. Sometimes it’s just a more precise method compared to replenishment formulas, but in many cases, it’s the only way to accommodate for the real-world supply chain complexity.ħ. Then Streamline executes the event sequence giving us the most accurate information about the company’s inventory levels with one-day precision. While our competitors usually simplify calculations without colliding events realistically, Streamline creates a timeline with a one-day resolution and puts all schedules onto the timeline. Sometimes it’s doable, but once you start dealing with event schedules like a shipment schedule or multiple orders in transit Excel gives up almost immediately. That means your formula needs to account for numerous upcoming consumption and replenishment events. Inventory replenishment is based on calculating future inventory levels during the next lead time and sometimes beyond that. Replacing formulas with Discrete-event simulation Streamline software predicts all purchasing signals during the next order cycle via a discrete-event simulation and purchases beforehand to have a smooth purchasing process with constant order cycle, or purchasing full containers (order cycle is variable), or EOQ.Ħ. As opposed to ERP methods, Streamline raises purchasing signals per supplier. So you either ignore the alert and have a shortage later or purchase a full container excessively. What do you do if your Min/Max replenishment strategy built-in into the ERP system throws a purchasing signal for one SKU, but other SKUs of the same supplier do not need replenishment yet? Min/Max ordering signals come per item while businesses issue purchase orders per supplier. These might include the total cost of ownership of the selected solution, reliability, high-quality support, and finally, your ability to evaluate all features before making the decision. There are many factors to consider when choosing the Procurement Planning Software system for your company. Procurement Planning Software needs to be aligned with your business goals and all of your company’s other processes. ![]() The ideal fit of the business process in your company Thus, they will make sure you and your team are ready to go on promptly.Ĥ. The Streamline team is well aware of the gamut of sales and ERP systems available on the market nowadays. ![]() The smooth and fast implementation processĪ successful implementation requires the coordination of many variable factors. Seamless integration of company data sourcesīidirectional connectivity allows you to pull in data from your sales system into Streamline, as well as automatically export the forecasted order information back to your ERP system.ģ. Therefore you can concentrate on long terms goals and business development.Ģ. Streamline software is efficient and effective. “If you are using Excel spreadsheets for Demand & Supply planning, move quickly to this software that will certainly make your planning much more efficient, capitalize benefits very fast, and make your life much easier.” Price: The free version is free forever or Request pricing. Up to 56X ROI in the first year, in my experience.Ĭons: The free version has some limitations. Up to 90% reduction in time spent on forecasting, planning, and ordering.Up to 50% reduction in excess inventory.Very high forecast accuracy using AI-based forecasting.Up to 99+% inventory availability with Dynamic Simulation.Streamline’s AI-powered software platform helps manufacturers, retailers, and distributors double their profits in one year. Headquartered in New York, Streamline has hundreds of partners worldwide and thousands of enterprise customers. Overview: Streamline is the world’s leading Procurement Planning Software Platform for manufacturing, distribution, retail, ecommerce, brands and 3PL. □ Streamline □ our choice The free edition is free forever ![]()
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