An Inventory Forecasting Solution that Best Fits Your Business

In inventory management, inventory forecasting is employed to automatically align consumption and supply. Based on forecasting models, the inventory forecasting system calculates optimal order quantities, thus helping avoid stock shortages, excesses, and capital frozen in sub optimal inventory.

How to know that you came across an ideal inventory forecasting software for your business?

GMDH Inventory forecasting software system and tools
  • Fast and intuitive user interface. Inventory forecasting needs to be accomplished quickly and efficiently, so you can concentrate on running your business.
  • Seamless integration of company data sources. Bidirectional connectivity pulls in data from your sales system and automatically exports the forecasted order information to your ERP system.
  • Multi-user capabilities. All stakeholders are able to collaborate, ensuring an accurate, definitive inventory forecast.
  • Smooth and fast implementation process. A successful implementation requires the coordination of many moving parts. We understand the gamut of sales and ERP systems, ensuring you are up and running quickly and easily.
  • Ideal fit of the business process in your company. Your inventory forecasting solution needs to be aligned with your business goals and also with all of the other processes in your company.

There are many factors to take into account when choosing an inventory forecasting software system for your company. These include the total cost of ownership of the chosen solution, reliable, high quality support, and finally, your ability to evaluate all features before making the decision.

Inventory forecasting in GMDH Streamline

Let’s take a closer look at Streamline features specific to inventory forecasting:

Download and evaluate GMDH Streamline or Schedule an online demo and streamline the inventory forecasting process in your company.


Watch the inventory planning video tutorial

Learn about the key features and benefits of GMDH Streamline software and see it in action.

 

Accurate Demand Forecast

Is demand forecast driving your inventory level?

GMDH Streamline looks at your historical sales data and automatically chooses the best statistical model to determine the consumer demand in the future.

You can also manage, reevaluate, and modify the forecast to account for additional information known internally by your management team, or provided by your vendors and suppliers.

Projected Inventory Levels

Do you know the most efficient quantity of each item to carry in your inventory? Having too much or too little inventory has an associated cost, and is not making the best use of your inventory investment.

The GMDH Streamline Projected Inventory Level feature calculates and displays the inventory level for future periods. These projected inventory levels are based on the current inventory, incoming supply and forecasted demand, determined by your inventory targets and forecast needs.

The periods with future inventory level shortages are marked in red, and overstocks m in green. This allows you to ensure you are not overbuying, storing and tying up capital needlessly, while also ensuring you have sufficient inventory to prevent stock outs.

Order Planning

Do you always know when and what products to order based on your demand forecast and the constraints imposed by your suppliers and/or manufacturers?

You can create the perfect order in seconds and maintain your targeted inventory levels, ensuring the most effective use of your inventory investment. GMDH Streamline automatically generates the replenishment suggestions and creates the Order plan. The software calculates and provides your purchasing systems (e.g. MRP systems) with optimized order proposals. A reorder point, a min level and a max level are also available for compatibility with MRP systems.

Stockout/Overstock alerts

Are a high degree of automation and alert-driven inventory planning important to your business?

The software highlights any issues with short or excess inventory, and then provides recommendations to optimize your inventory. The projected inventory level can also highlight exceptions such as shortfall, potential stock outs and excess stock.

Inventory Optimization

How do you define your optimal inventory level?

GMDH Streamline prevents situations of short or excess inventory. Using inventory optimization helps you to target service levels, reduce inventory, and make the best use of your inventory investment.


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