Innovation Blog Series: Safety Stock Planning Orchestration
When your key customer demands are highly volatile and your SKUs have longer material lead times, how do you ensure there is always enough material to meet the target fill rates, avoid stockouts and not lose sales? The standard approach may not always work for safety-stock planning. In order to safeguard your key customer demands against gated materials on the shop floor and allocate the right materials for the right customer, you must have the right systems in place.
Oracle Supply Planning Cloud – A Big Business Disruptor and A Must-Have
If your organization faces similar challenges, you are not alone. Supply Planning executives must consistently ensure that the planned safety stock is sufficient from planning to execution. Complete tracking; however, may often feel like an impossible task. When customer demands are volatile or SKU’s have longer lead times, planning for customer-segmented safety stock and track and trace excess and obsolete (E&O) inventory can help. Fortunately, Oracle has a product that can make this easier: Supply Planning Cloud. This product offers material locking (scheduled receipts and inventory) to a specific customer/SKU that makes sure the right allocation is applied in the planning stage. Inspirage takes this capability one step further by extending the footprint of this solution to execution by ensuring the complete material remains locked for a specific customer/SKU the entire life of the product. This solution can be run autonomously requiring little staff intervention.
Integrating Supply Planning Cloud with ERP Applications
In order to prepare and provide the data for planning, execution, and post-planning of materials the products must be in place. Material lock against customer/SKUs and supply order transitioning from requisitioning to PO through inventory lots is a regular challenge. How can you ensure which lot and how much should be locked against different customer/SKUs, and how do you release safety stock material when you need it the most? Inspirage has built a solution that not only integrates the Supply Planning Cloud with Oracle’s on-premises EBS system but also offers a complete end-to-end solution for all the execution use cases as well.
Inspirage has the answers to your questions
If you are on the fence about moving to Oracle Cloud due to gaps between your business requirements and Oracle’s Cloud offering, it is possible that we already built a solution to bridge that gap. If we do not have a prebuilt solution to address your challenges, we can customize something to fit. We will do the work behind the scenes, so you can focus on growing your business. Please visit the Oracle Cloud Marketplace to see a complete listing of Inspirage Solutions and contact us with any questions or to schedule a demo.
