The subscription offering allows retailers, distributors and manufacturers to leverage enVista’s inventory forecasting and optimization experts and solutions on an ongoing basis in order to remain ahead of supply and demand variability and to optimize inventory by echelon and channel
INDIANAPOLIS, IN (March 8, 2022) – enVista, a global software, consulting, managed services and automation firm optimizing and transforming physical and digital commerce, today announces the launch of its inventory forecasting and planning as a service (IFPaaS) solution. The subscription offering provides companies a convenient and scalable way to leverage enVista’s comprehensive inventory forecasting and planning solutions, with AI-powered dynamic inventory allocation, to adapt to evolving market changes, optimally position inventory across the network, optimize gross margin return on inventory investment (GMROI) and ensure the right inventory is available in the right place and right time to improve customer service. The solution offering can be delivered alongside enVista’s highly extensible, cloud-native omnichannel order management system (OMS) with enterprise inventory availability for even more powerful results.
As part of enVista’s IFPaaS offering, enVista’s team of global experts design an integrated S&OP process, complete a demand forecasting analysis, create inventory models, then manage and monitor inventory performance on an ongoing basis, acting as an extension of the client team. enVista also analyzes SKU historical profiles to determine where and how much inventory to position throughout the network to best meet service and financial objectives. After the initial performance benchmarking and launch, enVista’s team regularly meets with clients for operational reviews to evaluate dashboards and inventory performance metrics to identify opportunities for continuous improvement.
enVista Senior Vice President of Consulting, Nate Rosier, said, “From increased supply chain and supplier issues to the complexities of rapid ecommerce growth, it is clear companies are increasingly challenged to deliver consistent inventory availability and profitablity across all channels and locations in today’s dynamic market. enVista brings the most seasoned inventory optimization experts and innovative solutions to the market. We are pleased to now offer our inventory forecasting, planning, positioning and management capabilities as a subscription service to strategically and continuously maximize inventory investments for competitive advantage.”
Visit our website to learn more about enVista’s inventory optimization services and solutions.