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Smart Inventory Management System, Avenpro BI

Avenpro

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Introduction to The Future of Smart Inventory Management Software Avenpro

Inventory Replenishment and Buffer Management are integral components of supply chain and inventory management systems that ensure the right products are available at the right time while minimizing costs and avoiding stockouts or overstocking.

Integrating inventory replenishment and buffer management software with an ERP (Enterprise Resource Planning) system creates a powerful tool for optimizing inventory operations. This integration enhances visibility, efficiency, and decision-making across the supply chain while ensuring that inventory levels are managed effectively.

What does Avenpro do?

Constraint Identification

Identifying the bottleneck or constraint in a system that limits its output or efficiency.

Subordination

Aligning other processes and resources to support the constraint, ensuring it's working as effectively as possible.

Exploitation of the Constraint

Maximizing the use of the constraint without significant investments or changes.

Elevating the Constraint

Finding ways to eliminate or reduce the impact of the constraint by adding resources, improving processes, or using technology.

Repeat Process

Once a constraint is resolved, the next limiting factor becomes the new constraint, and the process repeats.

Feature of Avenpro

  • Interactive SKU wise Dashboard
  • Interactive Graph and Chart
  • Supply Chain
  • Distribution
  • Inventory Buffer Management & Replenishment
  • Custom Report
  • Managerial Reports
  • Analysis / Analytics
  • Integration Capabilities (Tally, SAP)
  • Bulk Import
  • Excel Import

Benefits of using Avenpro

  • Improved Productivity
  • Enhanced Decision-Making
  • Faster Project Completion
  • Cost Savings
  • Increased Profitability
  • Better Customer Satisfaction
  • Continuous Improvement
  • Cross-Departmental Coordination
  • Optimized Inventory Management
  • Scalability

What does Avenpro do?

Data accumulation

Import existing MIS data, Import manually with excel files or with APIs. Also import historical data all in to the system.

Data Processing (AI Engine)

The data is warehoused, cleaned and indexed. Machine Learning uses various algorithms, logics and the historical data to determine the correct course of action based on Theory of Constraints & LEAN theory.

Visualization

The need for an accurate and precise visualization, is for a Faster and Better Decision Making and to maintain an uninterrupted efficiency of the mechanism and the resources to yield the Maximum Profit.

What can we DO?

Procurement

Know more
  • Right quantity of material
  • Real-time indication of those RM which needs replenishment
  • Rejection % in terms of quantity and quality
  • Procurement planning based on real-time demand from production
  • Dynamic Buffer management of RM
  • Vendor categorization based on performance (Quantity, Quality and Lead time)
  • RM order based on Lead time
  • Fluctuations in RM cost

Sales & Distribution

  • Dynamic buffer management for each distributor
  • Buffer hedging in time of spikes during seasons
  • Salesforce monitoring in terms of calls made and sales closed
  • Payables & receivables (This will be categorized like 45 days, 60 days, 90 days)
  • Sales throughput/month
  • Distributor categorization
  • Sales people rating based on performance criteria

Packaging & Logistics

  • Packaging schedule for each machine
  • Maintenance schedule for each machine (It can be a continuous line also)
  • DIFOT (Delivery in full on time) status
  • Delivery schedule status for part delivery
  • Comprehensive view of delivery performance and the gap between company target and the actual.
  • Dispatch status (This is because many times companies make an invoice without dispatching) and show it as sold
  • Delivery on time and at the right place with right product status Inventory status at the warehouse
  • Replenishment status based on real-time consumption, hence dispatch

Production

  • Planning based on real-time demand (This includes buffer management for each machine)
  • Real-time throughput
  • Weekly ROI= Sales/Inventory. The inventory includes WIP and the FG in the warehouse, which has not been invoiced.
  • Wastage in the process (Lean techniques)
  • Real-time indications for preventive maintenance for critical equipments.
  • Overall equipment efficiency & Overall Process efficiency (In case of manual operations overall labour efficiency)
  • Constraint identification, % of defects in the production (may show in numbers also)
  • Maintenance schedule indications

Benefits of using Avenpro BI

Improved process throughput of a product or service

Reduced lead times and inventory levels (Realistically optimum based on actual demand)

Increased profitability through achieving a throughput goal

Improved customer satisfaction and supplier performance

Increased productivity, capacity and quality

Improved culture, employee engagement and problem solved.

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