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Does
your company need to supply high levels of Ex Stock Service?
Are the Forecasts always wrong?
Does the Purchasing &
Production plan always get changed?
Under Pressure to cut Inventory
levels - but worried about customer service?
If these issues are familiar to you - then it is time to consider
getting some help from ASC Software's Virtual
Inventory Analyst
VIA is Simple to Use!
At ASC we know that most users do not want complex systems that take weeks to set up, require lengthy user training and are cumbersome to use. That is why we set out to make VIA the easiest to use tool on the market. No complex jargon. No long lists of switches & settings, No cluttered & unfriendly screens. VIA really is your
'virtual inventory analyst' - guiding you through each step of the process from set up to performing your own detailed analysis.
VIA Saves you time and money.
VIA is typically able to save companies at least 10% of their inventory investment and maintain or improve the service level. This means lower storage costs, less expediting, less production overtime, fewer lost sales, reduced working capital and increased profits. And as VIA does all the calculations, it saves man hours too
- allowing your team to focus on the important decisions, rather than tedious system administration.
VIA Forecasts
Using a combination of statistical techniques, VIA's algorithm analyses each item for its own unique trend and seasonal profile before creating a forecast
- which makes it applicable across any industry. The fully automated process means users need no statistical knowledge to get the answers they need.
 | Weekly, monthly, 4 weekly or quarterly forecast periods |
| Automatic removal of exceptional *one-off* sales periods |
| Automatic warning of items with insufficient history for statistical forecasting |
| Processes up to 10 years of data |
| Generates forecasts, by period for the next 18 months |
| Automatic measurement and reporting of Forecast Error, Standard Deviation, MAPE, and Hits & Misses |
| Graphical presentation to provide visual check on forecast accuracy
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Create Accurate Forecasts with VIA
VIA Analyises your Customer Service Level
Advanced industrial statistics determine - for each item in your range - the exact level of availability that your present inventory policy is providing. The clear, easy to read summary shows you the facts you need to know about your overall performance:
| the predicted customer service level |
| how many orders you can expect to expedite every year |
| how much sales revenue is at risk of being back ordered - or cancelled |
| the total investment & volume breakdowns of both working stock and safety stock |
In compiling this analysis, VIA considers the following variables:
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Forecast usage |
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Lead time |
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Forecast accuracy |
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Minimum order quantity |
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Replenishment frequency |
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Lead time variation |
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Costs & selling prices |
VIA Models Alternative Inventory Strategies
VIA's Inventory & Service Analyser brings you the power to instantly determine - on an item by item basis - whether your current stock policy will cause customer service issues, or whether there is the opportunity to safely reduce investment. As well as detailing the current situation, VIA will model the cost and service outcomes of adopting an alternative approach to holding your stock - enter the level of service that your company wants to offer and VIA will tell you the cost and service outcomes! This powerful tool allows users to compare your current strategy with the options and details:
| savings in safety stock |
| predicted service level |
| predicted number of expedited orders |
| expected number of back orders |
| value of back ordered sales revenue |
VIA Reports and Exports Data
In built printed reports detail the key information from your analysis so that you can share this with your team.
To save re-keying the new stock targets or forecasts back into your enterprise, ERP or MRP systems, VIA comes complete with pre-written export files for both forecasts and stock targets.
The ASC Software,Virtual Inventory Analyst
The cost effective inventory management solution for your company.
If you would like to find out more contact our sales team now
sales@ascsoftware.co.uk
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