Advanced Inventory Replenishment - Demand Review for Microsoft Dynamics GP

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 is a total of three videos in the AIR series: Introduction, Demand Review and Purchase Order Generator. Together, the three videos, describe Advanced Inventory Replenishment powerful tools to Order the Right Products, at the Right Price, at the Right Time.

In this video, we show you how AIR provides buyers with more information when reviewing demand for inventory items using Dynamic GP’s purchase order generator. Advanced Inventory management allows distributors to:

• Set stock policy by time rather than using fixed safety and reorder quantities
• Understand demand, including lost sales and exceptional demand
• Take advantage of ABC analysis based on bin trips and frequency of picking
• Suggest the best forecasting method for each item
• Calculate the safety stock, re-order level, and order up to level
• Provides information and decision support

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.