Smart Inventory Management System, Avenpro BI

Introduction to The Future of Smart Inventory Management Software Avenpro BI

Avenpro BI is an AI enabled Machine Learning based application, which uses your MIS reports to find out the root causes of your business problems, like ill-managed inventory, Insufficient Production or delayed production, failing delivery timelines, De-growth in sales so on and so forth and at the end of every problem is Revenue Loss.

Avenpro BI extract all the data from your existing MIS and creates the unique BI platform that actually steers you to Significant Revenue Increase and Magnificent Profit.

Avenpro BI is the guaranteed formula for positive cash flow, designed by the best industry professionals over the last decade.

How do We Do it?

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

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.