Chainalytics’ Inventory Planning Metrics can help you create a program to monitor, manage, and reduce the impact of business variability on your inventory operations. By defining and interpreting key metrics, you will be able to uncover sub-optimal or underperforming activities and effectively evaluate your inventory planning performance. Chainalytics’ approach will help you compare actual results to plans and measure critical elements such as forecast to actual demand, inventory performance to plan, and replenishment performance to plan. The scope of this service can range from a one-time implementation of a performance tracking program to a recurring service.
Chainalytics’ Inventory Planning Metrics can help you improve your inventory performance by answering the following questions:
- How should we measure our inventory planning performance?
- What activities should we evaluate more thoroughly?
- Where does variance occur in my network? Why does it occur?
- Where should we focus improvement efforts?
- What is the cost penalty of particular decisions, such as changing product flow paths or adding new stocking locations?
- How can I modify operational processes to keep variance to a minimum?
- How much of our planning variance is due to controllable factors? How much is due to uncontrollable factors like service requirements or fuel costs?
- Are we interpreting performance measurement results correctly?
- How can I identify and capture opportunities to reduce inventory costs?
- Which system is best suited for my organization?