Inventory Modeler
Inventory management involves storing and managing materials of different types, such as raw materials, work-in-progress items, semifinished materials, and finished goods. Managing an inventory is a crucial aspect for any industry, whether it is a manufacturing company, a wholesale retailer, or a warehouse facility. The cost of managing the inventory can take up a significant portion of the company’s revenue. The primary objective of the company is to develop effective tools that can help determine the optimal inventory levels at all operational levels of the supply chain – from raw materials to finished goods – and to meet the final demand.
Inventory Modeler Pricing
The Imsofai team is dedicated to collecting, cleansing, and analyzing acquired data to provide valuable insights and recommendations for companies. Our tailored data-driven approach will assist Micro, Small, and Medium Enterprises (MSMEs) in creating effective policies based on the recommendations. This product is specifically designed to cater to the unique needs of MSMEs
Quarterly Inventory Planning
Suitable for Short-Term Planning.
- Customers can choose the number of quarters as per their preferences.
Discounted Price:
A promotional discount of 68% is available for this product
Annual Inventory Planning
Suitable for extensive and long-term planning.
- Customers can choose the number of years as per their preferences.
Discounted Price:
A promotional discount of 68% is available for this product
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Our Inventory modeler engine offers one of the most advanced analytics algorithms in the market. The software is designed to seamlessly interact with any relational database, enabling companies to efficiently collect, cleanse, analyze, and derive valuable insights from their data within our platform.
Single License
Best suited for freelancers
Discounted Price:
A promotional discount of 68% is available for this product
Colleague License
Best suited for Start-Ups
- Upto 5 License available
Discounted Price:
A promotional discount of 68% is available for this product
Team License
Best suited for Companies
- Six License purchases required
Discounted Price:
A promotional discount of 68% is available for this product
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Various industries our product can be used
Retail, E-Commerce, Textile & Garments Industries
Warehouse
Manufacturing Industries
Retail, E-Commerce, Textile & Garments Industries
- These industries are highly dynamic in nature, the volume of goods in-flow and out-flow are considerably higher.
- These industries are affected by seasonal demands
- The variety of stocks is higher and each stocks has its own demand and weightage in terms of storage cost.
Product classification
Classifying products based solely on type and variety may not be adequate, as products can exhibit varying demand patterns in different regions. By leveraging machine learning techniques and historical data, we can classify products more accurately, allowing us to identify items with high dynamic demand. This approach enables us to effectively manage inventory and meet fluctuating demands.
Statistical Analysis
We utilize advanced multivariate statistical techniques such as MANOVA, multiple regression, factor analysis, and cluster analysis to discern patterns and variances within the data. These methods help us to develop sophisticated machine learning models that enable us to accurately predict and forecast demand.
Warehouse
Inventory modeler assist the company in determining the optimal order quantity (EOQ) and production quantity (EBS) that can meet the demand while minimizing the total inventory cost. By using advanced mathematical models and algorithms, Inventory Modeler can help identify the right inventory levels and reorder points, reduce stockouts and overstocking, and improve the overall efficiency of the supply chain. Effective inventory modeling can help companies make better decisions, reduce costs, and improve customer satisfaction by ensuring that the products are always available when customers need them.
Inventory modeler for manufacturing industries
In manufacturing industries demand is straightforward, the companies will start producing the product once the Purchase Order is released from the customer.
Here we focus on inventory cost associated with storage of Raw materials, Semi-Finished products and Finished products. We further classify the total inventory cost into three terms that is Purchasing cost, Setup cost, or ordering cost, and holding cost, or carrying cost. Here the objective is to reduce the total inventory cost.