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EPM demonstration video - Inventory management and replenishment

In this video, discover how EPM tools (Enterprise Management Performance) tools enable you to improve your inventory management and optimize your replenishment efficiency. Lucie Podevin, EPM Project Manager at Micropole, tells you more about this key component of performance management . You'll also find a demonstration to guide you.

This video demonstration is just a glimpse of all the features that EPM tools can bring to your performance management. Please do not hesitate to contact us if you would like an in-depth demonstration tailored to your needs. 🙂

The challenges of inventory management and replenishment

In an increasingly complex and competitive economic environment, companies have to meet growing expectations in terms of responsiveness and efficiency. Inventory and replenishment management is a major challenge. The aim is to strike a balance between product availability and minimizing surpluses, in order to avoid the costs of over-stocking and the risks of stock-outs. A response to these challenges is essential, as they have a direct impact on customer satisfaction and the company's financial performance.

Reactivity and demand forecasting

Reactivity is essential for good inventory management. Companies need to be able to adapt quickly to fluctuations in demand to avoid stock-outs. Demand forecasting is therefore a key element. Traditional tools, based on historical models, often show their limitations in the face of constantly evolving markets. Advanced predictive analysis technologies, integrated into EPM tools, can considerably improve forecasting accuracy.

Coordination and collaboration

To meet this challenge of responsiveness, it is essential that the various stakeholders in the supply chain coordinate their efforts. Teams in charge of central stocks and boutique stocks must be able to work around the same data. What's more, inventory management not only concerns logistics teams, but also sales, marketing and finance teams. Effective collaboration is needed to align objectives and optimize processes. EPM tools facilitate this collaboration by providing a centralized platform where all data is accessible in real time, enabling rapid, informed decision-making.

The EPM software response

Data centralization

The various departments handle a vast amount of data from a variety of sources: suppliers, warehouses, points of sale, etc. Centralization brings this information together in one place, providing a complete and consistent overview of the situation. This data consolidation facilitates analysis and decision-making, reducing the risk of errors and inconsistencies.

Centralized data also enables information to be synchronized between the various links in the supply chain, ensuring greater consistency and fluidity in operations.

Process automation

Automation is another key benefit of EPM tools. Many inventory management and replenishment tasks are repetitive and time-consuming. Automating these processes frees up time for teams, enabling them to concentrate on higher value-added tasks. 

For example, algorithms can automate replenishment planning based on stock levels, demand forecasts and delivery times. This not only saves time, but also reduces human error, improves accuracy and ensures optimum product availability.

Predictive planning

EPM tools incorporate predictive analysis capabilities that dramatically improve inventory management. Using sophisticated algorithms based on your historical data, these tools can anticipate fluctuations in demand and adjust stock levels accordingly. This helps to minimize surpluses and avoid stock-outs, optimizing costs and improving customer satisfaction. In the supply chain, these predictive analyses can also help identify seasonal trends, forecast the impact of marketing campaigns and adjust replenishment strategies according to various economic scenarios.

Collaborate in real time

EPM tools enable data to be shared instantly between different departments and partners in the supply chain. This transparency facilitates coordination and ensures that all stakeholders are working with the same up-to-date information. For example, a real-time update of stock levels and demand forecasts can be immediately communicated to suppliers, warehouses and sales teams, enabling a rapid, tailored response to market changes.

Advanced reporting lets you track performance in real time: key performance indicators (KPIs) can be defined and monitored to assess process efficiency. Interactive dashboards provide valuable insights and help to quickly identify potential problems and opportunities for improvement.

The benefits for your business

Deploying an EPM tool to manage your inventory will bring you many benefits:

  • Reduce your costs: by cutting storage and transport costs, as well as costs linked to surplus and out-of-stock situations. 
  • Improved competitiveness: product availability and shorter delivery times enable companies to differentiate themselves from their competitors and strengthen their market position. 
  • Adapting to seasonality and special events: adjusting replenishment strategies around holiday periods, sales or new product launches will enable companies to adapt to key periods in their business.

 

Do you have a transformation project in mind, and would you like some support? Don't hesitate to contact us: our experts will be delighted to answer all your questions.

We now invite you to discover the demonstration and think about how these tools can be applied in your own organization. Good vision 🎥

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