Advanced Inventory Replenishment: Concepts

In the first video, AIR Concepts, we discussed the concepts involved with set stock policies in time and calculating safety, order, and order up to levels. We show you an easy way to accurately record, analyze and predict inventory demand on a monthly, 4-weekly, or weekly basis. For each item AIR will predict inventory demand for the coming period using one of a number of industry standard replenishment calculations. There are two other videos in the AIR series: Demand Review and Purchase Order Generator. Together, the three videos, describe Advanced Inventory Replenishment powerful

One of the critical measures of success for any distribution company is the ability to effectively balance inventory investment with customer service levels. In other words, you want to stock enough inventory to fill and ship customer orders quickly, but not purchase so much that you’ve got capital tied up in the warehouse and inventory that’s at risk for loss or obsolescence.

In a typical business with thousands of items, managing this ongoing process of forecasting demand, generating purchase orders, and stocking just the right amount of inventory can be a complex and daunting task.
That is, unless you have the Advanced Inventory Replenishment (AIR) module for Dynamics GP – part of the Trinity Distribution Suite.