Current demand for the product
The system evaluates the current demand for goods at each store, which is replenished through the distribution centre.
MULTI-ECHELON INVENTORY OPTIMIZATION SOFTWARE
LEAFIO's Inventory Optimization (MEIO) takes into account the unique characteristics of goods supply and generates highly accurate safety stock forecasts for managing inventory in both regional and central warehouses.
Inventory optimization
Demand forecasting
Automatic replenishment
Merchandising process
Assortment management
Planogram optimization
The system takes into account all the business parameters and effective order peculiarities
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Forecast demand for the product
Estimation of the forecast demand for goods is made for each store, which is replenished through the DC. The following is taken into account: the number of deliveries of goods by an external supplier to each store based on the DC delivery schedule, seasonality, promotional activities and other factors.
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The total demand for goods across the retail chain
The current demand for the product at each level and the forecast demand taking into account seasonality, promotional activities and other factors, results in total demand for the product across the chain.
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Forecast demand for warehouse needs
Calculation at the warehouse level occurs whether they are intermediate or wholesaler. In this case, the forecast demand is estimated to meet the needs of the warehouse(s) on the supply leg, taking into account all the necessary factors.
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The order optimization taking into account the supplier's conditions
There is a general aggregation, order optimization, if it is necessary based on the supplier's conditions, the order is rounded up to the multiplicity factor.
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Checking the order correctness
A final check of the order correctness so as not to miss anything.
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Auto-sending order to a supplier
The order is generated and sent to the supplier automatically or accepted by the manager, depending on the settings selected for a particular supplier.
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General demand for the product
The total demand of stores for the product on the delivery lead time is estimated.
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Order multiplicity factor
In case of pick by line and pick by zero schemes, when the supplier's packaging can be unpacked at the warehouse and divided into smaller lots based on the lower distribution of goods from the DC to stores, the system can evaluate the order quantity and make a decision on the order based on the needs of stores in units of measurement of the DC multiplicity.
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The order optimization taking into account the supplier's conditions
There is a general aggregation, order optimization, if it is necessary based on the supplier's conditions, the order is rounded up to the multiplicity factor.
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Checking the order correctness
A final check of the order correctness so as not to miss anything.
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Auto-sending order to a supplier
The order is generated and sent to the supplier automatically or accepted by the manager, depending on the settings selected for a particular supplier.
LEAFIO multi-echelon inventory optimization (MEIO) advantages
20%
Potential inventory reduction at DC with increased availability in stores
30%
Improvement of turnover in the entire chain
30%
Reducing of excess inventory at DCs
LEAFIO multi-echelon inventory optimization (MEIO) benefits
The LEAFIO multi-echelon inventory optimization (MEIO) was designed to manage inventory at all levels of the supply chain: from a retail store, pharmacy, or supermarket to the chain of regional and central warehouses. Due to the tight connection in the elaborate multi-echelon forecasting algorithm, it is possible to accurately assess the current and future demand for goods on the lead time of an external supplier to the central warehouse concerning the supply schedule of a product to stores.
Ensuring inventory balance
Transparent unified inventory management process in the entire retail chain due to the close connection between demand and supply of goods at all levels of the supply chain.
Transparent product range rotation process
The product range rotation in terms of inventory management becomes automatic and transparent.
Your business processes flexible settings
There is the possibility of really flexible algorithm settings, regarding all the necessary factors and features of the goods delivery process.
Inventory optimization software trusted by retailers the world over
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