Dynamic Inventory: Finished Goods
Inventory levels can make or break a business. It’s time to get a smart view of your inventory.
Balancing service and inventory levels is hard
How can you accurately forecast inventory levels on finished good products with unpredictable demand? The answer is Dynamic Inventory: Finished Goods. Its AI models helps you hit the perfect levels of service and inventory, meaning you don’t miss out on a sale.
Right product, place and time
Dynamic Inventory: Finished Goods puts AI to work on your inventory, order, product, location, and historical sales data. It helps you boost your demand forecast accuracy to deliver the optimal level of inventory across your network.
Optimize safety stock levels
Maximize margins, while avoiding stockouts, wastage and unnecessary costs across your entire distribution center network.
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Maximize availability, margin, & hit sales targets
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Meet SLAs & OTIF
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Optimize safety stock levels
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Reduce stockouts, wastage, & freight costs
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Free up working capital
See Peak's Dynamic Inventory: Finished Goods application in action
Under the hood
Dynamic Inventory: Finished Goods is built on Peak. Demand forecasting and safety stock models are used to recommend reorder points and optimal inventory levels at each distribution center location, helping you meet service levels efficiently.
- Combine data
- Add intelligence
- Make decisions
Ingest, transform, and organize large volumes of data from across your company.
- Current inventory levels
- Customer orders
- Product metadata
- Location metadata
- Historical sales data
Apply demand forecast and safety stock models to your data.
Dynamic Inventory: Finished Goods uses a forecast model based on your business parameters to predict demand. Next, safety stock models, factors historical volatility of demand to optimize inventory levels. Factor in business specifics such as::
- Defined service levels at distribution locations
- Financial and sales targets
- Product popularity and seasonality
- Capacity constraints and growth trends
- Minimum stock levels for certain products
- Seasonal stock building
Visualize your stock holding vs. capacity.
Review recommended reorder points for each product at each distribution center location to achieve a target service level. You can use the dashboard to:
- Compare tradeoffs in costs with service level scenarios
- Optimize safety stock levels for each distribution center
- compare actual vs. target service level
- Compares actual vs target service level and flags SKUs which are at risk
