Strategic design changes can be challenging to understand, given complexities of supply chains and multi-echelon interdependencies. Policy changes can be difficult and risky to apply, and many companies are using rules of thumb inventory policy setting, resulting in too much working capital than what’s actually needed. Optimization results also lack order level details your planners may need to predict stock-outs and backorders at certain points in time.
Overcoming these challenges can be difficult, but by using the correct tools and software you can test you strategic design changes in a no-risk environment.
LLamasoft’s Inventory Simulation Software
Why not validate operational feasibility of inventory strategy in a no-risk, digital environment? Supply Chain Guru provides a quick, low-risk way to test inventory optimization results to understand the potential impact on service levels. You can model supply chain network operations, then run and test inventory policy experiments and optimization scenarios using inventory simulation to build dependable, repeatable inventory optimization processes. Inventory Simulation also provides detailed visibility of supply chain performance on a detailed daily/weekly/monthly view by reporting KPIs regarding service, stock outs & on-hand inventory.
- Quickly verify the performance of the optimal inventory policies in simulation in terms of service levels achieved
- Automatically generate demand for site/SKU combinations that match forecast statistics and historical demand patterns
- Generate a time-series graph that shows order level detail and on-hand inventory by day for each site-SKU combination