Efficient inventory management is crucial for operational success in manufacturing. Greycon’s opt-Studio offers a sophisticated solution for optimising replenishment plans, helping businesses maintain optimal stock levels, reduce costs, and enhance overall efficiency.

Replenishment Scenarios

Inventory replenishment involves various scenarios to meet everyday demand, stock changes, demand spikes and unexpected demand. opt-Studio tailors replenishment plans to fit these specific needs.

For make-to-stock items, opt-Studio can create optimal replenishment plans constrained by available machine capacity. It can also generate stock movements between different facilities to model distribution centers or Vendor Managed Inventory (VMI).

Inventory and Schedule Interaction

Visibility and Replenishment Quality

opt-Studio provides comprehensive visibility into replenishment plans with real-time data, performance metrics, and alerts for potential issues like low stock or delays.

What-If Analysis

opt-Studio’s what-if analysis tool allows businesses to simulate scenarios and assess their impact on inventory and production. This aids in scenario planning, risk management, and optimisation to find the most cost-effective approach.

Advanced Optimisation Algorithm

opt-Studio employs a state-of-the-art proprietary optimisation algorithm. It generates the run schedule, replenishment orders, and stock movements, and allocates existing firm orders to the runs, ensuring an efficient and effective replenishment process.

Conclusion

Greycon’s opt-Studio revolutionises inventory replenishment by integrating management and scheduling, providing deep visibility, and enabling strategic what-if analysis. This ensures businesses maintain optimal stock levels, reduce costs, and enhance efficiency.