Name: Valogix Inventory Planning Approach and NetSuite Interface
Uploaded: 2011-05-06T13:19:50.000Z
Duration: 6 min 47 s
Description: Overview of Valogix Inventory Planning Approach

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Valogix Inventory Planner is an advanced software solution designed to optimize inventory management processes. According to the vendor, this solution caters to the needs of supply chain managers, inventory managers, operations managers, retailers, and distributors across various industries.

## Key Features

**Automated Forecasts**: Valogix Inventory Planner generates accurate forecasts for each item and location by analyzing historical data and considering other relevant factors. Users have the flexibility to adjust the forecasts as needed.

**Buffer Stocks**: Valogix Inventory Planner assists in determining optimal stocking levels for each item and location, taking into account lead time, order frequency, desired service level, and demand variability. This helps minimize excess stock while ensuring sufficient inventory.

**Critical Alerts**: Valogix Inventory Planner provides timely alerts to address stock-outs, excess inventory, and other inventory management challenges. Users can take proactive measures based on these alerts to optimize inventory levels.

**Key Performance Analytics**: Valogix Inventory Planner offers comprehensive analytics to track and measure inventory performance. Users can monitor key metrics such as inventory turns, stock-outs, and excess inventory to gain valuable insights and identify areas for improvement.

**Optimized Stocking Levels**: Valogix Inventory Planner optimizes stocking levels for each item and location, striking a balance between achieving the desired service level and minimizing inventory investment. Users can easily adjust stocking levels based on their specific business needs and goals.

**Production Orders**: Valogix Inventory Planner supports efficient production planning by generating accurate production orders. These orders are based on demand forecasts and current inventory levels, considering factors such as lead time, production capacity, and material availability.

**Replenishment Orders**: Valogix Inventory Planner automates the generation of replenishment orders for restocking items. The system calculates optimal order quantities by considering lead time, order frequency, and demand variability. Users can review and approve these orders to ensure efficient inventory management.

**Time Phased Planning**: Valogix Inventory Planner provides time-phased planning capabilities, allowing users to effectively manage inventory and production over specific time periods. By viewing planned orders, open supply or demand orders, and unconsumed forecast, users can make informed decisions and adjustments to optimize their inventory.

**Transfer Orders**: Valogix Inventory Planner facilitates efficient inventory distribution by enabling the creation of transfer orders between different locations. Users can easily generate transfer orders based on inventory needs and stock availability, ensuring optimal stock levels across all locations.

**Interfaces**: Valogix offers interface products that facilitate seamless data exchange between Valogix Inventory Planner and the host system. These interfaces extract necessary data from the host system and import it into Valogix for efficient inventory planning. Replenishment data can also be exported back into the host system for seamless integration and rapid implementation.

Valogix Inventory Planner is an inventory management software offering from Valogix. It includes features such as forecast, plan, and optimize inventory and determines which items to stock and order.

Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.

SAP S/4HANA Cloud

Valogix Inventory Planner

Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

Inventory Management

Likelihood to Recommend

Valogix

Overview of Valogix Inventory Planning Approach

Valogix Inventory Planning Approach and NetSuite Interface

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoicing

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

Sisense

Microworks Prism POS

Prism, by Prism Skylabs (discontinued)

NetSuite Administrator

Valogix Inventory Planner 2017-02-17 07:05:10

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Inventory Management Software and Systems

Our product and purchasing team (one department consisting of 3 people) use Valogix to assist with demand and supply planning. With multiple locations selling inventory, it was difficult within our NetSuite ERP system to get a true handle on what our demand is, and therefore what we should actually be purchasing. We turned to Valogix to assist us in this area.

Calculates how much it thinks you should have on-hand, based on demand and other factors.
Integrates with NetSuite to include all your demand, supply, item and location data.
Automatically determines seasonality for items.

The UI for their product (web application) is weak.
Does not support multiple units of measure well.

It has begun to reduce time for us taken up by running manual spreadsheet calculations.
The training was time-consuming and difficult to onboard new users when we had turnover.

Valogix Inventory Planner

Overview

What is Valogix Inventory Planner?

Key...