Global Inventory Management

Global Inventory Management
Reduce stock. Improve service.
When demand, sourcing and channels are complex,
• Plan thousands of items with multiple and overlapping
standard inventory management software won’t work.
characteristics
Global Inventory Management (GIM) from Syncron helps
• Need visibility and planning across many locations –
companies:
distribution centers, warehouses, dealers, and vendors
• Require high service levels but want to minimize costs and • Identify and actively reduce excess stock capital tied-up inventory
• Improve availability by understanding what and where to stock
This sophisticated software for anticipating and shaping demand
• Forecast for all demand patterns, including slow, lumpy, and
combines statistical forecasting with market knowledge. We
leverage analytics and flexible business processes to perform
erratic demand
• Eliminate manual processes and multiple reviewers
dynamic inventory planning for stock with frequent, highly sporadic, or intermittent demand.
Syncron automates the analysis of complex demand patterns
The result is a single, global
view of the demand and inventory availability.
to produce accurate forecasts. GIM calculates the stock breadth
and depth based on your target service level. As volumes or
frequency change, the system automatically determines what
products to keep in stock, optimizes safety stock, and selects
reorder levels. And, our strategic inventory modeling examines
the impact of changes, providing you with a numerical and
What can we help you achieve?
visual summary of the impact on inventory and service.
• Drive warehouse and distribution center
service levels to 98% or more
Why Syncron?
• Reduce finished goods inventory by 20%
For more than a decade, Syncron has supported major
• Decrease emergency orders by 70%
companies with best-in-class inventory planning.
Syncron understands that balancing service levels and inventory
costs is dependent on accurate demand and safety stock
calculations. Our solution is different because it is designed to
address inventory planning for companies that:
For more information about Syncron and its solutions, visit www.syncron.com.
Specialized Functionality
How it works
Our GIM solution includes capabilities that address colla-
Complementing existing ERP solutions, GIM implemen-
borative, rotable, multi-echelon, virtual, redistribution,
tation is fast and affordable.
and product launch planning.
By leveraging our cloud-based solution, customers eliminate the
In addition, our return management functionality automates
need to host, maintain, and monitor the technical environment.
returns across multiple channels. By supporting these special-
Our software easily integrates and communicates with multiple
ized functions, GIM allows you to differentiate your inventory
ERP systems and IT systems. As a result, Syncron customers
management approach within different segments of your items.
achieve substantial and immediate improvements to profitability
When combined in a single solution, Syncron enhances visibility,
and competitive position in as little as three months.
anticipates changes in demand, and saves you time and money.
Our software helps you:
REVIEW: Statistical, historic demand drives the
• Grow revenue by increasing in-stock sales
forecast; factors, like promotions, are managed with
• Find and reduce unnecessary inventory costs
minimal input.
• Reduce emergency orders and improve transportation
efficiency
• Improve cycle-times and lower labor requirements
CLASSIFY: Demand types (fast, slow, erratic, etc.)
are assigned automatically with every new forecast to
generate the best algorithms.
Stock Value (USD)
4,000
3,200
SIMULATE: Strategies impacting stock or service
levels are simulated; results are analyzed before
2,400
implementing.
1,600
ORDER: Exception based ordering eliminates routine
800
0
tasks, allowing you to focus on emerging inventory
issues.
San Diego
San Francisco
Los Angeles
Sacramento
Healthy stock (below excess limit)
Excess stock (not obsolete items)
ANALYZE: Align and monitor processes, activities, and
Excess stock, Obsolete items
Virtually planned stock
alerts.
FIGURE 1: Intuitive User Interface allows you to view and manage inventory
Copyright 2014 | Syncron Inc., One Glenlake Parkway, Atlanta, GA 30328
assets; view critical measures and generate real-time
FIGURE 2: Advanced functionality automates inventory management and gives you
the ability to adapt inventory policies overtime.