Service Parts: Simultaneously Reduce Inventory, Expediting Costs, and Stock-outs

In all the following forecasts, Vizioneer™ can cut your forecast error by a third to a half.

• Forecast
  • Entities forecast: service part demand (orders)
  • Forecast by: SKU or building block
  • Time increment: 1⁄2 hour to week
  • Horizon: tactical forecasts up to 12 weeks out, planning forecasts up to 26 weeks
• Vizioneer's Approach
  • "Interpolate forecast from the future" using your near-real-time customer sales & activity data, Envizion’s proprietary indicators of customers’ propensity to call for service parts, channel & competitor activity indices. Vizioneer’s patent-pending adaptive learning technology would be deployed.
• Use of Forecasts
  • Fine-tune Fine-tune parts orders, inventory levels and holding points
  • Allocate parts to the ‘right’ spot where they are most likely to be required, by time increment
  • Reduce inventory, and reduce piece parts of procurement
  • Reduce expediting costs
  • Increase part availability
• Complementary Forecasting Solutions
  • Call Center
  • Service Technicians
• Implementation
  • Pilot in six weeks, and implement in twelve weeks