If your company has millions of dollars in inventory, then you can probably improve your profitability with Demand Works. Our solutions have extensive capabilities for segmenting inventories, optimizing stocking policies, MRP, and tactical and strategic inventory planning.
There is a theoretical tradeoff between inventory cost and service. An important part of inventory optimization is to choose the level of service that you are willing to invest. But, things like better forecasting shift the whole curve in a positive direction, enabling simultaneous improvements in cost and service. There are other valuable methods as well, like segmenting inventories into groups and setting unique policies for items based on cost, criticality, forecastability and other characteristics. Segmenting helps you to tailor your inventory investments to achieve the highest service where you need it, while minimizing working capital needs in less critical areas.
It’s important to balance and optimize inventory investments, but it’s also important to execute in a way that aligns with your plans. Demand Works software analyzes and optimizes safety stocks, but it can also plan inventories through multi-tiered distribution channels, with formulations or bills of material, and in a way that is complies with ordering constraints such as lead times and lot sizes. Our software produces plans and communicates them to your ERP where your business can then execute upon them.
The Right-Sized Solution
Demand Works offers solutions for the desktop, server, and the cloud. Functionally, they include forecasting, collaborative demand planning, inventory planning and optimization, and sales and operations planning.
We’re best known for our world class server and cloud-based offerings, Smoothie® Server and Cloud Smoothie®. These products are 100 percent browser-based, extremely scalable, and offer the most complete functionality and deployability. But, you don’t have to start big. You can start right away with the Smoothie® Desktop using spreadsheet or other readily available data sources.
Comprehensive Inventory Optimization and Planning Tools
An accurate forecast is the foundation for any good supply plan. All Smoothie solutions start with a renowned expert forecasting engine that considers levels, trends, seasonality, and intermittent demand patterns. Not only does the forecast provide a basis for the supply plan, but the actual forecast deviations become a key input for determining optimal safety stocks. Better forecasts result in proportional reductions in safety stock requirements.
Smoothie lets you “what-if” alternative supply policies for a single item, or thousands of items in one keystroke. For each scenario, you can immediately view the projected production requirements, min, max, and average inventories – in units or cost, and at any level of aggregation. As part of the simulation, you can segment products into different groups according to intermittency, forecastability, ABC (on cost or volume), and any other dimensions that are useful to your business.
Smoothie also creates complete, time-phased inventory plans. You can plan inventory movements through complex multi-tiered distribution channels, and it has fully support for formulations and bills of material (multi-level MRP). And, for improved use of production and storage capacity, Demand Works has full capabilities for capacity planning, strategic inventory builds and seasonal production loading.
World Class Technology
Smoothie Server and Cloud Smoothie are 100 percent browser-based, making them the most deployable solutions of their kind. And, users will quickly see that there is absolutely no tradeoff in usability. The user interface is highly interactive and graphical, yet it performs well in challenging, long-distance networks. Smoothie is also extremely scalable, easily supporting scenarios with hundreds of thousands of item-location combinations.
The affordable desktop version has much of the same functionality as the server solutions, plus it installs easily and can be up and running with spreadsheet data in a matter of minutes.