IBM has introduced a new version of its inventory optimization solution – ILOG Inventory and Product Flow Analyst (IPFA).
The latest version of this product, part of IBM’s Smarter Commerce initiative, includes a new simulation capability, enabling companies to more efficiently analyze safety stock levels to ensure forecasted inventory levels will meet customer demand. IBM said the capabilities are particularly important to manufacturers, retailers and distributors.
“Enhancements to optimization and sensitivity analysis bring more confidence in the recommended stock levels and overall help companies to improve inventory turns, free up working capital and increase cash flows,” the company said.
IBM estimates that inventory planners can save between 15 and 35 percent in costs by using IPFA. The company said IPFA "strategically positions raw materials, work in progress, and finished goods inventory across the supply chain to improve inventory turns and service levels."
To learn more about IPFA, access the Web link