The UPPRO team develops a clear inventory optimization plan of action—using careful methodology: discovery processes and differentiated benchmarking capabilities against best-in-class performance. UPPRO determines the parameters and targets using the right statistical forecasting and demand models and tools. Companies need to track key performance metrics for their overall supply chain, as well as for key business segments. To easily facilitate this, UPPRO’s advanced inventory planning and management system ensures that data is easily accessible through a single integrated system. Moreover, UPPRO enables supply chain managers to sense demand, segment customers for profitability, optimize promotions for growth, perform event-driven scenario analysis, and get a handle on supply chain risk to drive measurable and continuous improvement.
UPPRO Inventory Management Planning Service functionality includes:
Strategy and Vision Alignment – Development of a comprehensive vision to align cross-functional stakeholders on leading capabilities to be developed.
Collaborative Business Planning – Management of the planning process across sales, marketing, finance, supply chain and manufacturing operations to bring the demand management functions of the firm (for example forecasting, sales, marketing) together with the operations staff. This cross-functional team selects parameters, sets Key Performance Indicators (KPIs) and levels strategic plans targeting the most effective approaches to add, stock, control availability, value, and retire inventory.
Supply Chain Assessment – Collate actual data and perform performance analysis. Perform thorough assessment of end-to-end supply chain capabilities, capacities and resources to define improvement opportunities.
Demand planning – Start demand planning cycle. Provide delivery of an analytical enterprise forecast that considers advanced historical analysis (such as diffusion modeling), market trends, seasonality, and other applicable demand patterns.
Supply planning – Establish supply status and identify constraints and risks. Creation of plans to effectively respond to latest demand signals mitigating supply risk. Perform balancing and establish variances. Deliver supply plan responsive to demand forecast.
Ongoing planning cycle – As inventory planning is an ongoing and dynamic process of continuously planning, monitoring, controlling, adjusting inventory, re-planning and interfacing with production, procurement and finance departments, plans are constantly being adjusted and measured at selected frequency.