A single source of truth for all your purchase planning and replenishment planning needs. Leverage advanced AI & ML to calculate optimal levels of inventory purchase or replenishment required throughout the supply chain by considering lead times, fill rates, shelf life, current inventory levels, open orders, and dynamic safety stock levels.
With dynamic safety stocks recommendations automatically adjusted based on the varying lead times, fill rates, open orders, DOH, etc you can create accurate day yo day purchase plans. Further, Kronoscope also offers supplier recommendations to help you select the best supplier based on your business needs and goals.
Kronoscope, a purchasing management software, uses a proprietary dynamic norm recommendation engine that uses shelf life, replenishment lead time, and predicted demand to suggest the replenishment quantities and inventory norms (safety stock days, DOH norms) which are optimized for each SKU-location combination. When there are instances where the SKU at a particular branch gets stocked out (or comes close to getting stocked out) DOH norms recommendations are increased for the next replenishment cycle as older replenishment cover norms will lead to a shortage. Similarly, when an SKU spends too many days in an overstocked situation, the DOH recommendation for future orders is smaller.
The control tower features to help you predict the out of stock and inventory pile up situations with efficient inventory replenishment. Kronoscope flags out of stock situations and give alerts for the SKUs which can run out of stock. It further helps you create purchase plans in just a few clicks for the SKUs which are at a risk of running out of stock.
Similarly, Kronoscope, a replenishment planning solution, also alerts for an inventory pile up situation, in case when you have an inventory overstock based on the demand predicted for that time period. It also allows you to plan for a liquidation sale to minimize your pile up losses. It's all done in an easy automated way to ensure minimal manual intervention and high visibility at the granular level.
This allows you to have better inventory turns and make sure you don’t have locked working capital.
We help food businesses win without waste with AI powered inventory planning.