Most procurement inventory, planning and routing processes are disconnected and not integrated into a broad pan-supply chain view that includes service levels and optimal sourcing points. This creates inefficiency, often with negative implications for factory performance and eventual OTIF.
Goals and Objectives
Intelligent inventory planning and routing aims to fully integrate the procurement functions into the planning and execution elements of the supply chain so that ‘smart’ decisions can be made in real time for sourcing locations and options.
Enterprise Hardware, Personal devices, Cloud, Big data, predictive/prescriptive analytics, Mobile, Applications, Connectivity Services, Cognitive, Blockchain
Use Case Summary
The intelligent optimization for inventory, planning and routing from either localized or remote sources, enables cost-effective and proactive processes. In addition the optimization for inputs required for the factory and identifies the ideal routing of items and quantities to the point of consumption. This means better factory utilization and improvement in OTIF.