Inventory
Inventory management is an ongoing initiative across business functions with a direct bearing on working capital requirements. Be it raw material, Maintenance, Repair and Overhaul (MRO) items or finished products, optimized inventory deployment is imperative for top-line and bottom-line gains. The challenges to effective inventory management include:
- Demand and supply synchronization issues that either pile up inventory or starve production of inventory
- Disparate sources of data caused by complex supply chains and growing data volumes
- Stock outs and excess inventory due to ineffective inventory practices
What's New
- Share BI: Allows sharing of BI content to collaborate with users for faster and effective decision making
- In-Memory Analysis: Brings simplicity, flexibility, and faster access to information for complex analysis even when offline
- Self-Service BI: Delivers power to business users to create, view, and seamlessly share compelling functional content
- Business Process Dashboards: Provides status updates through visual dashboards for at-a-glance business process view
- Personalized Alerts and Initiatives: Enables users to proactively monitor information by setting contextual and personalized alerts based on specific areas of interest
- Industry Best Practice: Functional content leveraging industry-standard concepts such as SCOR and xBSC
- Advanced Analysis: Analyze information in real-time and perform root cause analysis leveraging familiar tools including Microsoft Excel
- Enhanced Collaboration: Effective collaboration with partners using capabilities such as collaborative initiatives and business forms
Our Solution
Infosys’ Inventory Module empowers organization to efficiently manage their working capital requirements to help decrease overall inventory deployment. It maintains a balance between high inventory turns and maximizing perfect order fulfillment while sustaining competitive order lead times.
It comprehensively addresses the plan to deliver business cycle and helps companies look beyond traditional inventory management practices. The module leverages best-in-class industry standards like SCOR and xBSC. It provides a single view of information cutting across business processes to help users unlock value from their supply chains.
Features
Infosys' Inventory Module facilitates complex analysis of information from multiple sources and transforms it into actionable intelligence to deliver business value through:
- Working Capital: Analyze various metrics and Key Performance Indicators (KPIs), identify areas of improvement and to decrease working capital deployed.
- Supply and Demand Synchronization: Analyze information and compare plans for both supplier receipts and customer deliveries to identify areas of improvement and to align supply and demand.
- Customer Deliveries: Ensure availability of material based on the plan. Ascertain FG inventory is aligned with customer demand for service level adherence.
- Vendor Analysis: Gain visibility into inventory deployed and ensure stock outs or excessive inventory do not impact key performance metrics.
Benefits
- Decreases inventory cost by 5-10%
- Enhances cash flow to ensure the right stock is available at the right time
- Reduces costs with an integrated view of procurement, warehouse, sales, and inventory forecasts
- Allows end-to-end visibility and efficient management of inventory across the ecosystem
- Reduces manual data entry and time-to-market with integrated order, inventory and distribution processes, and item tracking capabilities
- Minimizes on-hand inventory, optimizes replenishment and increases warehouse efficiency through better visibility into inventory processes