Demand Forecasting and Inventory Planning for Spire
Prevent overstocks, avoid stockouts, optimise your ROI, and boost profits
Align supply with future customer demand
GMDH Streamline advises you how much to purchase and when. It utilizes either a periodic replenishment strategy or a min/max replenishment strategy. It generates replenishment proposal and creates a purchase plan based on demand forecast. Purchase plan can be exported into Spire as a set of automatically created purchase orders. Learn more about inventory replenishment strategies at the user guide.Ensure optimal use of capital
GMDH Streamline ensures that you are not overbuying, storing, and tying up capital unnecessarily while also ensuring you have enough inventory to prevent stockouts. Safety stock is calculated based on desired service level (per SKU or per company), forecast error, and lead time variability. This approach maintains optimal safety stock. Streamline highlights issues with low or excess inventory and then provides purchasing recommendations. The projected inventory level also highlight exceptions, such as shortfalls, potential stockouts, and excess stock.Seamless integration
In order to import your Spire data into GMDH Streamline, just enter your Spire account credentials and database name. Learn more how to import data from Spire at the user guide.Still relying on manual work in Excel for planning?
Automate demand and supply planning with Streamline today!
- Achieve optimal 95-99% inventory availability, ensuring you can meet customer demand consistently.
- Attain up to 99% forecast accuracy, getting more reliable planning and decision-making.
- Experience up to a 98% reduction in stockouts, minimizing missed sales opportunities and customer dissatisfaction.
- Cut excess inventory by up to 50%, freeing up valuable capital and storage space.
- Increase margins by 1-5 percentage points, boosting overall profitability.
- Enjoy up to 56 times ROI within one year, with a 100% ROI achievable in the first three months.
- Reduce the time spent on forecasting, planning, and ordering by up to 90%, allowing your team to focus on strategic activities.
Watch how quickly and easily you can connect Streamline to Spire
The solution provides bi-directional integrations with Spire
Key benefits
1. Fast and intuitive user interface
Streamline software is both efficient and effective, allowing you to focus on long-term goals and business growth.
2. Seamless integration of company data sources
Bidirectional connectivity enables data import from your sales system into Streamline and allows for automatic export of forecasted order information back to your ERP system.
3. Smooth and fast implementation process
Successful implementation requires coordination of various factors. The Streamline team is well-versed in the diverse sales and ERP systems available today, ensuring your team is fully prepared for a smooth go-live.
4. Aligned with your business processes
Spire Integration with Streamline should align with your business goals and processes. Factors to consider when selecting a system include total cost of ownership, reliability, quality of support, and the ability to evaluate all features before making a decision.
5. Syncing ordering dates across SKUs
What do you do if your Min/Max replenishment strategy built-in into the ERP system throws a purchasing signal for one SKU, but other SKUs of the same supplier do not need replenishment yet? Min/Max ordering signals come per item while businesses issue purchase orders per supplier. So you either ignore the alert and have a shortage later or purchase a full container excessively. As opposed to ERP methods, Streamline raises purchasing signals per supplier. Streamline software predicts all purchasing signals during the next order cycle via a discrete-event simulation and purchases beforehand to have a smooth purchasing process with constant order cycle, or purchasing full containers (order cycle is variable), or EOQ.
6. Replacing spreadsheets formulas with discrete-event simulation
Streamline uses discrete-event simulation instead of static formulas, building a one-day resolution timeline to model real-world inventory flows. This enables more accurate planning and accommodates complex supply chain scenarios that Excel simply can’t handle.
While our other solutions usually simplify calculations without colliding events realistically, Streamline creates a timeline with a one-day resolution and puts all schedules onto the timeline. Then Streamline executes the event sequence giving us the most accurate information about the company’s inventory levels with one-day precision. Sometimes it’s just a more precise method compared to replenishment formulas, but in many cases, it’s the only way to accommodate for the real-world supply chain complexity.
7. AI-powered demand forecasting
Estimating seasonality, price elasticity, or top-down forecasting is not enough nowadays. Market changes very dynamically, and it’s hard to predict if your history of sales is yet relevant enough to the current situation and can be used to extrapolate into the future. That’s an area where we use our proprietary AI, so we only apply time series forecasting techniques, predictors, and level changes if AI says it’s appropriate to apply – just like if you are keeping an eye on every SKU every day.
8. Group EOQ (Economic order quantity) optimization
Are you using EOQ in your work? If not, it is worth giving EOQ a closer look as this inventory planning concept significantly reduces your holding and ordering costs. Unfortunately, classic EOQ is calculated per SKU and not a group of SKUs. In a real-world supply chain, purchase orders contain several SKUs, if not hundreds. While Streamline supports classic EOQ calculation, it also offers group EOQ that goes far beyond the traditional approach making EOQ applicable to purchase orders with groups of SKUs.
That becomes possible thanks to the ability of Streamline to sync the order date for a group of items. Then Streamline moves the synchronization barrier back and forth to find the best order cycle for the group of SKUs and automatically minimizes the combination of holding and ordering costs.
Price: Request Streamline pricing.
Demo: Get a demo.
Inventory planning in Streamline
Let us take a closer look at Streamline features specific to inventory planning:- Accurate Demand Forecast
- Projected Inventory Levels
- Order Planning
- Stockout/Overstock alerts
- Inventory Optimization
Download and evaluate GMDH Streamline or contact us to learn how to streamline the inventory replenishment process in your company.
Still relying on manual work in Excel for planning?
Automate demand and supply planning with Streamline today!
- Achieve optimal 95-99% inventory availability, ensuring you can meet customer demand consistently.
- Attain up to 99% forecast accuracy, getting more reliable planning and decision-making.
- Experience up to a 98% reduction in stockouts, minimizing missed sales opportunities and customer dissatisfaction.
- Cut excess inventory by up to 50%, freeing up valuable capital and storage space.
- Increase margins by 1-5 percentage points, boosting overall profitability.
- Enjoy up to 56 times ROI within one year, with a 100% ROI achievable in the first three months.
- Reduce the time spent on forecasting, planning, and ordering by up to 90%, allowing your team to focus on strategic activities.
Watch the inventory planning capabilities video
See the key features and benefits of the Streamline platform in action.
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