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Inventory Planning
​is more than Inventory Management

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WHAT IS THE GOAL OF INVENTORY PLANNING?

Getting the right inventory to the right spot at the right time for the right price is inventory planning.

Inventory challenges can come in many forms for both retailers and distributors.  In fact, both worlds are colliding with the emergence of e-commerce.  Knowing all the aspects of inventory planning is critical to addressing all of your inventory and software challenges.

Distributors
DEMAND MANAGEMENT

Retailers
MERCHANDISE PLANNING

Supplier Planning | InventoryWorx
Supplier Planning
Demand Planning | InventoryWorx
Demand Planning
Inventory Planning | InventoryWorx
Inventory Planning
Order Planning | InventoryWorx
Order Planning
Allocation Planning | InventoryWorx
Allocation Planning
Markdown Planning | InventoryWorx
Markdown Planning
Assortment Planning | InventoryWorx
Assortment Planning
Open-to-buy Planning | InventoryWorx
Open-to-buy Planning
Supplier Planning | JustEnough | InventoryWorx
 
Supplier Planning

Do your suppliers always deliver on time with the right amount? 

Supplier Planning provides the ability to monitor supplier performance and incorporate supply variability into the planning process. It is often the most overlooked aspect of planning even though it is the most important.  Accurate lead times are essential for calculating accurate forecasts, safety stock, cycle stock and orders.  Start managing your suppliers so they are not managing you.
Supplier Planning for JustEnough | InventoryWorx

MANAGE YOUR SUPPLIERS AND OPTIMIZE YOUR SOURCING
Demand Planning | JustEnough | InventoryWorx
 
Demand Planning

We know your forecasts are wrong but how wrong are they?

Demand Planning and forecasting remain the cornerstone of every good plan.  It is among the most impactful and recognized planning tool as it is often referenced throughout any organization as it relates to having the right inventory and orders.  But, what matters most is knowing how wrong the forecast is and how to manage it.
Demand Planning for JustEnough | InventoryWorx

PLAN TO MORE ACCURATE FORECASTS
Inventory Planning | JustEnough | InventoryWorx
 
Inventory Planning

Are your service level expectations aligned with your inventory goals?

Inventory Planning provides you with a target and a projection of how much inventory you should stock based on what service you want to provide to your customers.  Understanding the balance and relationship between customer service and inventory is critical to optimizing the inventory throughout your distribution network.
Inventory Planning for JustEnough | InventoryWorx

BALANCE CUSTOMER SERVICE WITH INVENTORY INVESTMENT
Order Planning | JustEnough | InventoryWorx
 
Order Planning

Do you really know when to place and receive your orders?

Order Planning is ensuring your products are at the right place at the right time - simple right? It is if you have taken the steps to monitor, manage and incorporate all the elements of supplier, demand and inventory planning along with those that influence replenishment such as ordering constraints and dependencies.
Order Planning for JustEnough | InventoryWorx

PLACE ORDERS AT THE RIGHT TIME FOR THE RIGHT QUANTITY
Allocation Planning | JustEnough | InventoryWorx
 
Allocation Planning

Do you know how much inventory to send to your stores?

Allocation Planning is the ability to push inventory to your stores based on product or business rules.  When you have inventory that you want to sell, you need to allocate that inventory to your stores so you can sell it quickly and at higher margins.  Limit the amount of inventory that you send to stores that won't sell based on expectations.
Allocation Planning for JustEnough | InventoryWorx

PUSH INVENTORY TO THE STORES THAT WILL SELL FAST FOR HIGHER MARGINS
Markdown Planning | JustEnough | InventoryWorx
 
Markdown Planning

Are you reducing your prices too much and too quickly?

Markdown Planning helps you understand the relationship between demand and price.  Knowing how price will affect your demand, is critical for maintaining inventory levels and managing sales.  Similarly, understanding how demand changes could impact your prices helps you optimize your margin.
Markdown Planning for JustEnough | InventoryWorx

PLAY WITH PRICING TO SEE HOW IT DRIVES DEMAND
Assortment Planning | JustEnough | InventoryWorx
 
Assortment Planning

What products should you offer to your customers?

Assortments are the foundation to planning your product mix for the season.  It is important that your product mix aligns with your financials goals.  You also want to limit the number of new products to the market that won't sell.  Incorporate the seasons sizes and colors that are trending to sell best.
Assortment Planning for JustEnough | InventoryWorx

MAKE SURE YOUR PRODUCT MIX IS WHAT THE CUSTOMER WANTS
Open-to-buy Planning | JustEnough | InventoryWorx
 
Open-To-Buy Planning

Do you know how much money you can spend to purchase product?

Open-to-buy planning gives you insight to what your spend should be to purchase more product, while balancing your inventory, orders, forecast and assortment.  Navigating your spend by your product hierarchy will allow you to better manage your budget so you maintain a positive cash flow.  
Open-to-buy Planning for JustEnough | InventoryWorx

START PLANNING YOUR SPEND, SALES, INVENTORY AND ORDERS

HOW DO THE DIFFERENT PLANNING ACTIVITIES INTERACT?

Are you reconciling your bottoms-up and top-down plans?

Whether you are a distributor planning at the item by location level or a retailer planning at the various levels of your product hierarchy, you are ultimately building a plan to place orders so you have inventory from which you fulfill demand.  All planning activities have a key role in fulfilling this one goal.  Making sure each role is being fulfilled and reconciled is the challenge most planners face.
Demand Management and Merchandise Planning | InventoryWorx

​Do you have an actionable report that tells you which items have a forecasted inventory investment much less than your current on-hand?

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Take a Quick Tour of InventoryWorx
Learn how InventoryWorx can help you and your planning team get the most out of your retail or distribution inventory planning software.
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Scroll through our Inventory Software Consulting Services
Pick one or more of our consulting services to help you better manage your inventory planning.
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SITE SURVEYS
Have us perform an on-site audit of your inventory planning processes.

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SOFTWARE IMPLEMENTATIONS
We will help your team implement your planning software.

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 SOFTWARE UPGRADES
Upgrade and take advantage of the latest planning features.

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SOFTWARE & PLANNER TRAINING
Give your team the knowledge they need to navigate more quickly and plan more efficiently.

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SOFTWARE SUPPORT
Get quicker and faster response time for software bugs and issues.​

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MANAGED SERVICES
Reserve ongoing priority consulting services and support.
Review our Planning Areas of Expertise
Our retail and distribution planning specialties span across all industries.

FOR DISTRIBUTORS
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SUPPLIER PLANNING
Manage vendor performance - lead time and lead-time variability.
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DEMAND PLANNING
Improve forecast accuracy and plan for bad forecasts.
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INVENTORY PLANNING
Optimize safety and cycle stock to achieve better service.
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ORDER PLANNING
Replenish based on demand-driven forecast and signals.

FOR RETAILERS
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OPEN-TO-BUY PLANNING
Better manage your top-down inventory spend and forecast.
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ASSORTMENT PLANNING
Optimize your product mix with financial goals.
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MARKDOWN PLANNING
Strategically set pricing based on demand elasticity.
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ALLOCATION PLANNING
​Push inventory to sell faster based on business logic.
Your Success is our Success
Discover who we are and what we hope to achieve by connecting and working with retailers and distributors.
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Let's Connect!
Quickly fill out our form or send us an email to begin your journey of optimizing your planning processes.
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Or, email us [email protected]
All of Our Resources at your Fingertips
Stay informed and explore all of our work and insights.
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SEE OUR WORK
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OUR INSIGHTS
Read some of our industry insights we've gathered from our customers and experience.
  • Inventory Software Implementation Best Practices
  • Inventory Optimization and Strategy
  • How Important is Lead Time?
  • A Simple Way to Manage Inventory

Locations

Fort Collins, CO
Raleigh, NC
Email: [email protected]

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Our Retail Software and Consulting Experience

OUR SPECIALTIES

Supplier Planning
Demand Planning
Inventory Planning
Order Planning
​Open-to-buy Planning
Allocation Planning
Assortment Planning
Markdown Planning

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  • Tour
  • What We Do
    • Site Surveys
    • Implementations
    • Upgrades
    • Training
    • Support
    • Managed Services
  • What We Know
    • Supplier Planning
    • Demand Planning
    • Inventory Planning
    • Order Planning
    • Open-to-buy Planning
    • Allocation Planning
    • Assortment Planning
    • Markdown Planning
  • Who We Are
  • Contact
  • More
    • See Our Work
    • Our Insights >
      • Software Implementation Best Practices
      • Inventory Optimization and Strategy
      • How Important Is Lead Time
      • A Simple Way to Manage Inventory