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Inventory
Software for Inventory Management and Optimization
Optimize your stock levels with the Inventory Management Software from numi. Daily recommendations support you in optimizing your ERP parameters and increasing availability. Optimal inventory coverage across your network.
Reduced Inventories
numi optimizes inventories with the most advanced algorithms, which recognize necessary adjustments immediately.
High Product Availability
The direct integration of numi into your ERP enables prompt adjustments for optimum availability.
Prevent Obsolete Stocks
numi avoids slow-moving items by intelligently classifying your entire product portfolio.
Swift Decision-Making
numi helps to simulate scenarios in real time and synchronizes changes with your ERP system.
1
Define Inventory Strategy
Define Business Goals:
Define your inventory targets in numi and simulate the effects for optimal fine-tuning of the parameters.
Calculate Inventory Classes:
Use the automatic calculation of ABC, XYZ and other attribute classes to avoid static parameter settings.
Set Inventory Segments:
Use inventory segments to automatically organize all stock items so that each item follows its optimal stocking strategy.
2
Optimize Inventories
Optimize Inventory Parameter:
Use numi's latest algorithms for the daily calculation of optimal safety stocks, reorder points and order quantities.
Incorporate Forecasts:
Include demand forecasts in the calculation of safety stocks to avoid stock shortages and overstocks.
Network Optimization:
With numi, inventories are not only optimized locally, but also across the entire network over several BOM levels. Use the proactive suggestions for stock shifts to improve your stock ranges globally.
3
Validate Inventory Recommendations
Daily Improvement Recommendations:
numi provides you with daily prioritized recommendations on changes to inventory parameters such as safety stock, reorder points, order quantities and lead times.
Inventory Simulation:
With the real-time simulation of stock levels into the future, you can immediately recognize the effects of parameter changes.
ERP Integration:
The direct integration into your ERP system means that the adjusted stock parameters can be transferred directly to avoid manual effort.
Optimized Inventory Management with numi
Advantages Compared to Traditional ERP SystemsFeature comparison
ERP System
Core Functionalities
- Core Focus
- Transactional ERP, MRP, basic planning
- Optimization Algorithms
- Rule-based (ROP, MRP)
- Dynamic Inventory Planning
- Rigid, rule-based (ROP, MRP)
- Cost Efficiency
- High customization cost
Intellegence & Decision Making
- Service Level Optimization
- Manual, based on static rules
- Dynamic Prioritization
- Manual, ad-hoc
- Scenario Simulation
- Limited, static
- Demand Sensing & Prediction
- Minimal
Data & Analytics
- Lead Time Variability Handling
- Basic, no probabilistic forecasting
- Data Integration & Analytics
- Requires customization for external data
- Reporting & Insights
- Static, limited real-time dashboards
- Adaptability & Innovation
- Slow adoption of new technologies
Usability & User Experience
- User Interface
- Complex, outdated
Core Functionalities
- Core Focus
- Inventory optimization, predictive planning
- Optimization Algorithms
- AI-driven, dynamic algorithms
- Dynamic Inventory Planning
- Flexible, real-time policy updates
- Cost Efficiency
- Cost-effective, faster ROI
Intellegence & Decision Making
- Service Level Optimization
- AI-driven and dynamic, balancing cost and availability
- Dynamic Prioritization
- Automated - based on financial impact
- Scenario Simulation
- Real-time what-if analysis
- Demand Sensing & Prediction
- AI & best fit forecasts with consideration of external factors
Data & Analytics
- Lead Time Variability Handling
- Advanced probabilistic models
- Data Integration & Analytics
- Seamless integration with external data sources and advanced analytics
- Reporting & Insights
- Customizable, real-time data insights
- Adaptability & Innovation
- Agile, continuously updated
Usability & User Experience
- User Interface
- Modern, intuitive, easy to use
Feature comparison
Core Functionalities
| Feature | ERP System tier | numi tier |
|---|---|---|
| Core Focus | Transactional ERP, MRP, basic planning | Inventory optimization, predictive planning |
| Optimization Algorithms | Rule-based (ROP, MRP) | AI-driven, dynamic algorithms |
| Dynamic Inventory Planning | Rigid, rule-based (ROP, MRP) | Flexible, real-time policy updates |
| Cost Efficiency | High customization cost | Cost-effective, faster ROI |
Intellegence & Decision Making
| Feature | ERP System tier | numi tier |
|---|---|---|
| Service Level Optimization | Manual, based on static rules | AI-driven and dynamic, balancing cost and availability |
| Dynamic Prioritization | Manual, ad-hoc | Automated - based on financial impact |
| Scenario Simulation | Limited, static | Real-time what-if analysis |
| Demand Sensing & Prediction | Minimal | AI & best fit forecasts with consideration of external factors |
Data & Analytics
| Feature | ERP System tier | numi tier |
|---|---|---|
| Lead Time Variability Handling | Basic, no probabilistic forecasting | Advanced probabilistic models |
| Data Integration & Analytics | Requires customization for external data | Seamless integration with external data sources and advanced analytics |
| Reporting & Insights | Static, limited real-time dashboards | Customizable, real-time data insights |
| Adaptability & Innovation | Slow adoption of new technologies | Agile, continuously updated |
Usability & User Experience
| Feature | ERP System tier | numi tier |
|---|---|---|
| User Interface | Complex, outdated | Modern, intuitive, easy to use |
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Inventory Coverage, Turnover and Value
Find out how numi's Inventory Optimization software can improve your inventory KPIsInventory Key Performance Indicators (KPIs) are essential for the effective management and optimization of inventory, helping companies navigate the intricacies of stock management, supply chain efficiency, and customer satisfaction.
By accurately monitoring and analyzing these KPIs, businesses can obtain crucial insights into their inventory performance, ensure that their stock levels match market demand, and pave the way for operational excellence and financial growth.
Read more in our blogBy accurately monitoring and analyzing these KPIs, businesses can obtain crucial insights into their inventory performance, ensure that their stock levels match market demand, and pave the way for operational excellence and financial growth.
Inventory management FAQs
How does numi reduce excess inventory?
numi optimizes safety stocks, reorder points, and order quantities using current demand signals, forecasts, and inventory policies.
Can inventory targets be adjusted by business segment?
Yes. You can configure inventory segments and service targets so each item group follows the right strategy.
Can we simulate inventory decisions before applying them?
Yes. numi supports what-if analyses to evaluate the impact of parameter changes before syncing them into operations.
Does numi work across multiple locations and BOM levels?
Yes. The optimization logic can account for multi-location networks and multi-level structures to improve overall stock positioning.
How does inventory optimization integrate with ERP?
Recommendations can be reviewed and transferred back into ERP workflows to reduce manual effort and speed up execution.
Ready to get started with numi?
Get started with numi and see how it can help you to optimize your supply chain processes. Book a free demo now. We are looking forward to meeting you! 🚀
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