Have an excellent Inventory Planning!

The Secret of Successful business is to have an excellent Inventory planning along with supply chain planning and Demand Planning

Planning is very important. Be it, a small business or a big one. Without any definite plan execution of any task is probably negligible. Everything needs to be planned and the problem that can occur needs to be thought about before. Planning helps to solve any kind of problem that arrives in any business.

As we know how valuable inventory is for every activity. The fact about inventory is that it is difficult to control and manage is surely indisputable.  And if you have a manufacturing business then you must be aware of how various factors can eat away your inventory. Some factors that result in the slowdown of manufacturing business are pilferage, administrative errors, expiration of items and physical changes. To deal with these devils you need an excellent inventory planning. A well-managed inventory can even greatly hamper the profit and affect the overall system of a business. First of all, what is inventory planning? It is a process in which decisions related to inventory is taken or it is forecasting of maintaining enough buffer stock that must be admirable by the customers.

Balance supply and demand

With demand planning and inventory planning, one of its companion namely Supply chain planning has a great role in any organization. Whatever is demanded in this competitive market, it must be supplied to the customer. Only then a company can stay for an endless time. Supply chain planning determines how best to accomplish the specifications created from the Demand Plan. The goal is to balance supply and demand in such a manner that fulfills the objectives of the enterprise.

The supply plan is one of the important elements of the sales and operations planning. S & OP is a process where executive level management systematically meets and analysis prominence for supply, demand, and the arising resulting financial impact. When implemented properly, the process has the potential to amend a company’s operational and financial performance drastically, helping executives to accomplish goals and push blueprint. It is a type of planning where all the company plans i.e. demand, supply, product, initiatives and appearing financial are integrated and coordinated at the aggregate level each month.

Objective is to achieve the things

Planning is a difficult task but not an impossible task. The process of sales and operations planning deals with monthly activity planning. It is based on ANNUAL OPERATIONS PLAN that acts as the company’s annual target of supply and demand. The objective is to achieve the annual operations plan by linking the monthly sales and marketing planning activities. It is a long-term process and extends over 18-36 months.

Sales and operations planning (S&OP) when implemented properly results in boosting the companies profit. Adexa provides you a platform to have an excellent sales and operations planning. We as a team gives our best solution to boost your company’s profit.