Name: Demand Validation webinar | 5 Steps to Supply Chain Success
Uploaded: 2017-03-27T08:18:07.000Z
Duration: 14 min 45 s
Description: Demand Validation webinar | 5 Steps to Supply Chain Success

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### Demand Forecasting
Users generally find Slimstock Slim4's demand forecasting capabilities to be a key strength. They appreciate the automatic and dynamic demand forecasts provided for raw materials and finished products, as well as the alerts for necessary purchases or production. The system's ability to highlight urgent SKUs, excess stock, and sudden demand changes is highly valued. Additionally, the exception management feature streamlines daily tasks and reduces planning time significantly, all within a single interface.

### Inventory Optimization
Users consistently praise Slimstock Slim4 for its inventory optimization capabilities. They highlight the software's effectiveness in reducing excess stock levels while ensuring optimal availability of products. The intuitive interface and tools provided by Slim4 have enabled users to streamline their inventory control processes, leading to improved stock management and increased operational efficiency. Additionally, users appreciate how Slim4 has helped them achieve their availability targets without overstocking, ultimately benefiting their financial and operational performance. The software's ability to optimize stock holding by ensuring the right products are available at the right time has been a significant advantage for users, allowing them to maintain optimal inventory levels with minimal effort.

### Stock Availability Management
Users consistently praise Slimstock Slim4 for its effective stock availability management capabilities. The intuitive interface and hands-on implementation support have enabled teams to optimize stock levels and ensure the right products are available at the right time. By centralizing purchasing processes and improving inventory availability, Slim4 has proven to be a valuable asset in streamlining operations and enhancing overall efficiency. The tool's ability to minimize inventory levels and optimize stock availability, even in the face of unpredictable lead times, has garnered positive feedback from users across the organization.

### Purchasing Process Improvement
Users consistently praise Slimstock Slim4 for its impactful enhancements to the purchasing process. The intuitive interface and hands-on implementation support have enabled purchasing personnel to optimize their time, minimize inventory levels, and centralize purchasing processes effectively. The tool's ability to provide granular service level models and purchasing forecasts has been particularly beneficial in improving stock availability and service levels. Users have expressed satisfaction with the tool's capacity to streamline purchasing operations and enhance overall efficiency.

### SKU Management
Users consistently praise Slimstock Slim4's versatile sku management capabilities, citing its ability to streamline processes and optimize efficiency. The system's SKU management functionality is lauded for its customization options, allowing for tailored solutions to meet specific needs. Additionally, the ABC classification feature is highlighted as comprehensive and dynamic, aiding in effective inventory categorization. Users appreciate the system's ability to provide automatic and dynamic demand forecasts for both raw materials and finished products, enhancing decision-making processes. The management by exceptions feature is also commended for simplifying daily tasks and reducing planning time significantly.

Slim4 has proven to be a valuable solution for businesses looking to improve their inventory management processes. Users have praised the software for its ability to centralize purchasing processes, resulting in improved inventory availability. With features like ABC analysis, users have seen a reduction in stock levels, particularly with C stock and below. This has helped businesses optimize service levels and stock distribution from warehouses to points of sale, leading to increased sales and margin.

The automatic and dynamic demand forecasts provided by Slim4 have been highly beneficial for users. The software alerts users when it is the right time to purchase or produce certain SKUs, ensuring that stock levels are optimized. Additionally, the software highlights SKUs that require immediate attention or material advances, helping prevent stockouts and disruptions in the supply chain.

One standout feature of Slim4 is its exception management capability, which has significantly reduced planning time by 30-40% for users. This has eliminated the need for relying on cumbersome Excel spreadsheets for daily tasks. The intuitive interface of Slim4 has also made it easy for purchasing personnel to optimize their time and minimize transportation costs related to supplier requirements.

Furthermore, the granular service level model of Slim4 has enhanced precision in service level offerings to customers. By categorizing assortments based on their behavior, users can obtain better insights into each item's performance and adjust stock levels accordingly.

Overall, Slim4 has addressed key business problems related to inventory management. It helps reduce inventory levels while ensuring optimal stock availability, leading to increased sales and improved margin. The software streamlines processes, improves forecasting accuracy, and empowers users with insights into market behavior and future trends for their products and services.

Easy to Learn and Use: Reviewers have consistently found Slim4 to be an easy tool to learn, thanks to its intuitive interface. Many users have stated that the software's user-friendly design has allowed their teams to quickly grasp how to use it effectively.

Efficient Implementation Process: Numerous reviewers have praised the efficient implementation process of Slim4. They mention that the hands-on approach of the Slimstock team resulted in evident results right from the start. This streamlined implementation process has saved time for users and helped them quickly benefit from using Slim4.

Optimization Tools for Purchasing: Users appreciate that Slim4 provides access to several tools that help minimize inventory levels and optimize stock availability across their organizations. The purchasing department especially benefits from these features as they can optimize their time spent on purchasing tasks, leading to increased efficiency.

Sales forecasting limitations: Some users have felt that the sales forecast functionality in Slim4 could be more sophisticated. This suggests that there may be room for improvement in this aspect of the software, potentially impacting the accuracy and effectiveness of sales predictions.

Complicated customization process: According to reviewers, customizing the software tools in Slim4 can be a bit more complicated as it requires going through the Headquarters. This indicates that the process of tailoring the software to specific needs may not be as straightforward as desired, potentially causing delays or frustration for users.

Lack of communication on version updates: Several users have mentioned that Slim4 does not provide sufficient notice or information about important changes when there is a version update. This lack of communication can lead to confusion and difficulties in adapting to new features or modifications, potentially affecting user productivity and efficiency.

Slim4 is a forecasting  and inventory optimization software system from Dutch company Slimstock, aiming to offer a complete platform for forecasting, demand planning, inventory optimisation and collaboration. Its analytics are designed to provide a clearer picture of future inventory requirements so users can make data-driven purchasing decisions to guarantee consistently high levels of availability at the lowest possible cost.

Deployed as either a complete SaaS solution or purchased outright, Slimstock offers a variety of delivery options. Slim4 can be installed on premises, on cloud, or fully hosted.

Microsoft's Dynamics 365 Supply Chain Management allows users to use predictive insights and intelligence from AI and Internet of Things (IoT) across planning, production, inventory, warehouse, and transportation management to maximize operational efficiency, product quality, and profitability. It replaces the SCM capabilities of the former Microsoft Dynamics 365 for Finance and Operations (Dynamics AX), splitting them off from Dynamics 365 Finance, in order to provide more flexible pricing and allowing customers to buy only what they need.

Microsoft Dynamics 365 Supply Chain Management

StockIQ is a supply chain planning suite developed for distributors and manufacturers by industry practitioners, with the goal of helping users to improve forecast accuracy, and reduce inventory levels, while providing unmatched service to customers.

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Slimstock Slim4

Demand Planning

Slimstock

Machine Learning and Inventory Optimization with Slimstock

Get informed on machine learning with Steven Pauly - Slimstock Senior Engineer and Research Scientist - as he gives a quick history and talks about its potential applications for inventory optimization. Go to Slimstock.com to see how we’re using the latest technology to make Slim4 a modern inventory optimization solution.


0:05 – History of Machine Learning
1:40 – What is Machine Learning
7:00 – An Example of Machine Learning
9:50 – The Power of Machine Learning
10:58 – Deep Learning 
17:40 – An Example of Deep Learning 
19:00 – Machine Learning and Inventory Control
21:12 – Example of Machine Learning & Inventory Optimization
23:57 – Challenges of Machine Learning
26:15 –  Future of Machine Learning - The Monty Hall Problem
29:17 – Future of Machine Learning - Prenatal Testing
32:40 – Slimstock and the Future of Machine Learning
33:42 – Waste Reduction
35:04 – Promotion Forecasting

Demand Validation webinar | 5 Steps to Supply Chain Success

When it comes to forecasting, each business division has its own set of goals and objectives. Consequently, there are likely to be very different opinions as to what should be taken into account when developing a forecast. Given that the forecast provides the basis on which many key decisions are made, how can businesses adopt a more collaborative approach for forecasting?

In many businesses, the sales team will demand consistently high levels of availability in order to satisfy customer orders. On the other hand, the finance team are likely to be more interested in budgetary restraints and thus inventory costs are seen as a much higher priority. For operational and supply chain teams, these conflicting perspectives have a huge impact on forecasting. While failure to take into account the insights from the sales and marketing teams could leave customers disappointed, without sufficient input from finance, the business can quickly become exposed devastating cash flow issues.

As part of our 5 steps to supply chain success series, inventory management experts, Joseph Prosser and Louise Wolf, are hosting a special webinar focused around the topic of forecasting. In this brief 30-minute webinar, they will explore how businesses can capture market intelligence from across the business in order to develop a robust forecast that is better aligned with the “real” anticipated demand.

This webinar will explore a range of factors including new customers, planned promotional activity and price changes impact demand in order to demonstrate how such insights can be built into the forecasting procedure.

Ultimately, this webinar will demonstrate how you can work more effectively with S&OP leaders, category managers, supply and demand planners as well as the sales team to overcome the following challenges:

Encompass market intelligence into the forecasting procedure
Align the forecast to anticipated demand
Develop a single demand forecast for the entire organisation

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