Key Capabilities of Advanced Warehouse Replenishment (AWR):
- Determines how often to buy from a vendor for maximum profit
- Optimizes the order cycle that will maximize your profitability
- Considers the following factors: carrying costs, acquisition costs, service level goals, forecasts, bracket discounts, and purchase and selling price
Optimizing inventory levels at the distribution center is necessary for removing excess costs from the customer-driven value chain. In order to more effectively invest inventory dollars, you must be able to blend both the art and science of buying and inventory management. Helping retailers, manufacturers and wholesaler-distributors to increase revenue and ensure high levels of customer satisfaction by sustaining this balance is Advanced Warehouse Replenishment (AWR). By providing accurate visibility into the warehouse, AWR helps buyers to create accurate forecasted demand and order projections as well as stable order patterns.
Advanced Warehouse Replenishment is used in hundreds of companies in a wide variety of industries, ranging from food and drug to fashion, hardware and auto parts, and eliminates the time-consuming, labor-intensive manual processes of vendor-to-distribution management and replenishment. By eliminating more tedious tasks such as entering and calculating orders, buyers are in the driver's seat to focus on more profit-generating activities such as buying in the most economic order cycle, as well as planning and executing promotions while maximizing forward-buying opportunities.
