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Foundation analytics

nVentic’s foundation analytics calculates actual and target inventory levels to quickly generate an optimization target. It involves analysing all the inventory stocks and flows by individual product code. Since every inventory item has its own history, we use comprehensive ERP data from standard reports. We cleanse the data and help to verify it. We then quantify the potential for inventory optimization within minutes, breaking down the data by product and classifying each one according to its value and consumption/sales dynamics (ABCXYZ analysis). We adjust results for all of the key variables, such as service levels, packing quantities, perishability, minimum lead times and minimum order quantities. The output is a summary report showing the value of total potential improvements, along with a file which permits deep diving at a product level.

As well as being the first step in any inventory optimization programme, this analysis is repeated regularly so you can track progress.
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