Supply and Demand Planning
S2K Sales Forecasting is designed to help you assess the likely demand levels so that you can properly manage your inventory and have adequate resources in place. S2K Forecasting uses advanced algorithms such as expediential smoothing, linear regression, holt-winters, and others that measure data points in a series. For each item, each method is analyzed, and the system will automatically recommend the best forecasting algorithm with the highest accuracy. Users can then review the system generated forecast and manually adjust future predictions based on outside forces and sales opportunities. The final adjusted forecast for each item is utilized in S2K Manufacturing for MRP, and S2K Purchasing for enhanced suggested purchasing. VAI's performance monitoring tools provide instant analysis on the effectiveness of forecasts against actual sales.
Using Demand modeling users can create a demand profiles that reflect a sales pattern and assign that profile to an individual item. The user can then enter in overall expected sales and the system will automatically create an adaptive demand distribution that best fits the demand profile. Demand profiling can be an effective tool for items that do not have historical data or when future usage patterns are not expected to be similar to those in the past.
Automated purchasing systems are a key tool in helping businesses reduce inventory and increase sales. S2K Suggested Purchasing supports both distributed or consolidated buying at the Location or the Item Level. The system performs complex calculations for each item at each location, looking at usage, seasonality, trends, vendor lead times, safety stock, and then flags those items with specific conditions that are beyond user defined tolerances. The system can optimally push order quantities up to get prepaid freight, or to hit vendor minimums, or to cube out a full container, if desired - all while honoring pack sizes. Additionally, it can consider multiple warehouses in the distribution network and check for overstocked items and facilitate stock transfers before buyers’ place orders to the vendor.
Just-In-Time inventory planning often shifts the cost of carrying inventory back to the vendor which may lead to higher costs of goods and less profits for the distributor. S2K’s target buying feature allows buyers to take advantage of costs savings by purchasing up to a vendor targets to lower costs based on volume purchasing. Users can set targets by dollar amount, quantity, units, cube, weight or number of pallets and the system will automatically suggest the optimum mix and quantities of items to buy to hit the vendor target. The buyer can then compare the extra carrying cost to the savings to determine if buying to hit the target makes economic sense.
Please call (866) 609-7310 or fill out the short form below to get connected or request a demo