RSM’s Supply Chain Planning (SCP) solution allows clients to effectively manage their inventory by enhancing Planning Optimization/Master Planning. Pre-planning functionality include managing safety stocks through forecast or historical usage. Post planning features include Make versus Buy analysis, improved planned orders form, and Advanced transfers rules.

Long lead times and transportation issues with suppliers have added a tremendous burden on procurement/inventory management teams. The need for dynamic safety stock days is even greater than before. RSM’s Supply Chain Planning solution allows organizations to manage their safety stock levels using Days of Supply (DOS). Depending on the demand planning strategy, DOS groups are established on item coverage records or defaults on the released product record, similar to coverage groups.

Depending on the industry, supply chain model, and forecast maturity, organizations will look to manage their safety stock using forecasted quantities. SCP has the perfect solution that allows users to manage safety stock levels using Days of Forecast (DOF) calculations. In manufacturing operations, it is common for only the produced finished good to be included in forecasts as they are the actual items sold. SCP has functionality that will allow users to indicate planned purchase orders as a demand source. This allows planners to run demand plans and drive safety stocks based on forecasted usage. Days of forecast groups are established on item coverage records or defaults on the released product record.

Sunsetting items has become commonplace across a multitude of industries. Packaging updates, alternative sourcing strategies, and product variants all have potential to yield multiple item numbers that need the same input data. Continuous item management is essential for maintaining a healthy and competitive product portfolio. Like-item replacement functionality copies historical usage or forecasted demand over a recurring period, until the older item is completely depleted.

Stockout days can have a significant impact on DOS calculations. Averaging across days where inventory could not have been sold results in a lower daily average when calculating the new minimum. SCP allows DOS planners to consider stockout days and generate appropriate minimums. Additionally, it provides greater visibility to lack of inventory, this can lead to a rapid review of the item’s planning conditions. Items frequenting this form can result in an in-depth investigation into supplier performance and purchase/production history. Planners can analyze and modify the identified stockout days to smooth safety stock calculations.

RSM’s Supply Chain Planning solution is a powerful tool that offers a wealth of features to organizations. With its automated batch processing capabilities, SCP can efficiently process complex calculations before starting a master planning run, enabling users to factor in their series of inputs and tweak planned order requirements accordingly.

RSM Supply Chain Planning

by RSM Product Sales LLC