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Ensure available inventory throughout your supply chain while maintaining the lowest carrying costs. Leverage the mobile, social, and analytic capabilities built into Oracle Modern Best Practice for Inventory to analyze historical consumption patterns and collaborate with stakeholders to determine required inventory levels. View stock levels and material transactions on any device. Automatically replenish stock from both internal and external sources.
Determine optimal stock levels by analyzing consumption history and usage patterns versus forecasts. Incorporate line of business insights, such as upcoming promotions, through secure collaboration.
Determine the best-fit internal and external sources based on several factors, such as price, lead time, and minimum order quantity.
Assign planning methods and corresponding parameters, such as min/max and order size, to managed items.
Trigger replenishment actions and alert stakeholders when on-hand quantities fall below the preset minimum. Monitor material transactions and adjust planning parameters as usage patterns change.
Automatically create transfer orders, purchase orders, or work orders with quantities based on the assigned planning parameters.