Navigating the challenges of supplier constraints in inventory management.
Managing inventory can be challenging, especially when balancing supplier requirements like Minimum Order Quantities (MOQ) and Minimum Order Values (MOV). It becomes even more complex with multiple suppliers, each having unique demands.
What are common challenges caused by supplier requirements?
- MOQ variations: Each product might have different ordering requirements, for example:
- Delivery constraints, such as:
- Truckload minimums: Requiring a full truckload before they ship.
- Minimum value orders: Suppliers often require a minimum value across the total order.
- Milk runs: When deliveries to multiple locations are involved, ensuring that total demand justifies the truckload can be tricky (e.g., needing only 16 tons of wood for a truck with a 20-ton capacity).
- Container weight limits: Containers may be limited by weight.
These variables & constraints require strategic, well-informed management & decision-making to optimise your supply chain ensuring cost-effective inventory planning.
Finstock can help you simplify your inventory management and automate supplier constraints.
We understand supply chain challenges and offer tailored solutions to streamline your inventory management. We can support your business with:
- Tailored Best-buy plans: Using our MPS solution, we create replenishment plans that adapt to supplier constraints.
- Custom alignment to supplier requirements: Our solutions are built around your business rules, seamlessly handling supplier constraints like MOQ, MOV, and delivery constraints.
- Continuous support for enhanced service levels without hidden costs: Our ongoing operational support ensures that your inventory stays aligned with demand, minimising stockouts and preventing overstock.
- Cost-effective solutions: Our platform, not tied to any single database , uses best-of-breed software and real-time data to reduce supply chain complexity, and enhance efficiency.
Take the next step towards inventory excellence.
Ready to turn supplier complexity into a competitive advantage? Contact our team of experts today to learn how our innovative solutions can revolutionise your supply chain and boost your business performance. Together, we’ll eliminate your inventory headaches and drive your business to new heights.
