Technology
How does ICS do it?
Determine actual Supply and Demand Risk at Item Level
-
Latest transaction-level data is used to compute item- and location-specific Supply & Demand Risk Factors.
-
Continual tracking of actual lead time for each transaction for every item at every location within the network.
-
Monitoring of order completeness and comparison of actual vs expected delivery performance.
-
Risk Factors of an item serve as basis for safety stock and reorder point calculations.
-
Identified risks are auto-compensated.
That's Big Data.
Automated Multi-Algorithm Demand Forecasting
-
Forecasts are auto-generated and -optimized using a multi-algorithm tournament method to identify the best-possible forecast supporting advanced planning.
-
Market knowledge and human input can easily be incorporated into the forecasts enabling rapid reactions to demand fluctuations.
-
Forecasts are done by line-item and day into the future for all locations and channels.
-
Aggregate views provide high-level perspectives to manage large volumes of items grouped across user-defined, logical categories such as location, product group, product classification, business unit, and many more.
-
Events Planning adds known future demand to the forecast and auto-adjusts replenishment recommendations.
That's Machine Learning.
Simulate, adjust and enrich
-
ICS provides a powerful simulation platform to test the effects of demand forecast adjustments.
-
Enrich forecasts by adding market knowledge and human input and instantly see their impacts on purchasing, inventory and sales.
-
Test or experiment with optimisation strategies in a risk-free environment using the predictive power of ICS' comprehensive what-if analysis features.
-
Freely choose whether to simulate on macro, micro or any user-defined in-between level.
That's Data Simulation.
Business Intelligence and Reporting
-
ICS provides supply chain visibility through constant analysis of real-time data.
-
Gain the visibility to information which uncovers your supply chain strengths and weaknesses, which allow you to foresee and prevent crises and which provides effective performance communication with management.
-
ICS analytics are focused on planning, forecasting, replenishment, inventory status and health.
-
Empower your supply chain organisation to assess the right course of action, instil accountability and achieve continuous improvement.
That's informed decision making.
Inventory De-recognition and off-balance sheet treatment
-
ICS' risk algorithms enable 3rd party inventory financing solutions.
-
Requires no changes to the physical set-up or physical flow of goods.
-
Provides inventory de-recognition and off-balance sheet treatment in compliance with US-GAAP and IFRS accounting standards.
-
Management of divested and remaining inventory within one system.