Inventory Suite

Dynamic Inventory applies AI models to inventory, sales and product data from across your business. It allows you to more accurately forecast demand and get the right product, in the right place, at the right time to meet your targets.

Dynamic Inventory is part of Peak, the AI platform built to drive growth, profit and efficiency. The application uses AI to accurately forecast demand and set target inventory levels at each location; balancing sales, service and availability with the costs of holding too much inventory. The primary users are merchandise planners and supply chainn managers who need better visibility and control over stock targets. Features include:

  • Ingest data from multiple sources
  • Integrate new external data sources and model all demand drivers
  • Forecast demand at varying levels of your supply chain
  • Improve forecast accuracy, alignment and accountability
  • Navigate omni-channel sales complexity with real-time insights and contextual recommendations
  • Use predictive and prescriptive analytics to manage stock levels for parts, raw materials, consumer goods or any other physical product
  • Establish, review and monitor business guardrails and constraints
  • Choose the right AI/ML algorithm for your products
  • Model forecast error to hedge against demand volatility producing an optimal safety stock level
  • Combine forecast, safety stock, and backorders to determine the reorder points that best achieve the target service level
  • Review forecasts and recorder points in an interactive dashboard, or integrate directly into ERP, supply chain or other downstream systems