Inventory Planning and Execution
Softeon has introduced its Plan2Fulfill solution, which optimizes inventory levels and deployment in consideration of near-term forecasts. Plan2Fulfill is a tightly integrated, closed-loop solution that optimizes demand and inventory management, connected with fulfillment execution.
The elements of the Plan2Fulfill solution include:
• A forecasting engine that provides more than 30 forecast models, matching the right model to each product based on its history and other parameters.
• “Demand sensing” capabilities that adjust near-term forecasts based on point-of-sale or other demand signals on a continuous basis.
• Inventory management functionality dynamically sets target inventory levels across the network, and automatically creates replenishment orders based on a variety of parameters and policy settings.