Learn ways to achieve

25% higher availability
20% reduction in out of stocks and excess inventory
10% - 15% higher demand prediction accuracy than most alternatives

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We are excited to explore how we can add value to your demand sensing and inventory planning approach

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Purchase & Replenishment Planning

Stock what sells! 
Dodge what doesn’t

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best demand planning software

Benefits you’ll enjoy with our purchase & replenishment planning

Inventory Optimization

Dynamic safety stock guiding your purchase & replenishment

Kronoscope has turned the table, by applying Dynamic TOC toAI-generated demand predictions. Thereby continuously optimizing your safety stock and inventory norms.
Flexible Procurement

Every purchasing strategy is uniquely tailored, all you have to do is pick one

Prefer a scheduled or a duration-based plan? Or keen to give the Kronoscope recommendation a go? Various strategies with a 2-click execution.
Multi-Echelon Planning

Every node is vital, and an effective replenishment plan keeps them optimally stocked

An effective replenishment plan for maximum profit, optimized for the right inventory for your customer’s needs.
The Control Tower

Know your risks with proactive alerts on future stockouts and excess inventory

Liquidate the overstocked and replenish the understocked. Thereby avoiding imbalance and waste, and maintaining parity and availability.

Here is how our purchase & replenishment planning capabilities work

up to
higher availability
15% - 40%
reduction in food waste
up to
faster fulfillments

Automate your day to day operations with our purchase & replenishment planning feature

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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.


The FAQs

How do we help with purchase & replenishment planning?

Kronoscope, with its sophisticated AI engine, automatically creates purchase and replenishment plans, factoring in lead times, fill rates, shelf life, current inventory levels, open orders, and dynamic safety stock levels for every SKU at every store, depo, and channel level.

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What are the Modes of Replenishment Planning that we take into account?

Demand planners have three modes of replenishment planning in Kronoscope:

Fixed Duration Replenishment Plan: A fixed duration replenishment plan offers maximum flexibility to users to define the replenishment period and offset. Demand planners can set the replenishment duration and offset to generate order recommendations. Nevertheless, users have to review this before the end of the plan period of the replenishment cycle and develop transfer recommendations for the next order cycle.

Fixed Schedule Replenishment Plan: A fixed schedule replenishment plan follows a set schedule for replenishment. Kronoscope generates transfer recommendations for specific SKU-branch combinations on a particular date. The replenishment schedule is fed into Kronoscope on the backend and can be defined at the SKU/location/Category level.

Dynamic Replenishment Plan: No user input is required in a dynamic replenishment plan as replenishment norms, including duration, cover, and frequency, are suggested directly by Kronoscope’s AI engine based on the SKU shelf life, current inventory runway, and safety stock required. Allowing the system the complete flexibility to recommend how stock should move between higher to lower nodes in the network to avoid/minimize loss of sales and prevent overstocking.

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How do we help select suppliers ?

Kronoscope’s supplier scoring mechanism can help procurement teams to choose the best vendor for a particular SKU in a specific region based on their lead time, fill rate, and prices. Thus, giving the extra insights while negotiating with the vendors.

How do you calculate Dynamic Safety Stock?

Safety stock is defined as the excess inventory that acts as a buffer between forecasted and actual demand levels for products. This inventory is maintained so that a company has sufficient quantity on hand to meet customers' demand. Dynamic safety stock is when the safety stock is calculated considering the impact of factors such as demand variability, Service level Factor, Plan Coverage Days and Supplier Fill Rate

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What are the factors we consider for calculating dynamic safety stock?

Demand Variability: High dynamic safety levels for high selling products with high demand variability should be maintained. Kronoscope’s advanced AI engine trains itself to predict demand accurately and reduce demand variability and suggest adequate safety levels. Dynamic Safety Levels allows companies to optimize working capital by spending only on high-risk products, giving businesses more control over their supply chain.

Service Levels: Optimizing service levels is a very efficient way of avoiding overstocking inventory and service levels. Kronoscope allows demand planners to maintain adequate service levels by classifying the entire SKU group into ABC classifications as per Pareto Analysis. Class A products bring in the majority of the revenue and 95% of service levels are maintained for them. In Class B the service level suggested by the system is 80%-90% and for class C service level is 75%-80%. This approach ensures that long tail product’s inventory is not bloated by ensuring high service levels

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How do we manage high supplier uncertainty?

Kronoscope, with its sophisticated AI engine, helps maintain dynamic safety stock levels that are assigned based on demand variability, service levels, plan coverage days, and supplier fill rates.

Furthermore, the automated inventory planning ensures they maintain high availability levels. The dynamic safety stock recommendations, inventory control towers, and real-time supplier selection act as a safety net that will secure the business from unforeseen impediments. 

Kronoscope takes into account the prolonged lead time and lower fill rates for inventory planning. So, it would dynamically adjust the safety stock levels and recommend a higher level of safety stock in order to make up for the shortage in supply. The purchase order quantities are also increased accordingly. Further, once the finished goods are procured the safety stock levels and other inventory norms are re-adjusted to align with the updated inventory levels. 

This domino effect across the supply chain is seamlessly captured and adjusted by Kronoscope using the Theory of Constraints.

What are control tower features and how do they help?

Kronoscope’s inventory control tower feature, gives users a holistic view of inventory levels throughout their supply chain. Thus, providing early warnings of out-of-stock and inventory pileup scenarios. The control tower module also identifies inventory rebalancing opportunities among warehouses and stores to reduce inventory holding costs and wastage.

Potential Stockout Predictions

Kronoscope provides potential stockout alerts based on predicted demand and current inventory runway across SKUs. It also shows the duration in which a stockout could happen and the potential out of stock loss that would be incurred. The users can act upon this by creating a purchase plan for these specific SKUs. This helps businesses in making sure that these SKUs are optimally stocked to make the most of every revenue opportunity.

Proactive Inventory Pileup Predictions

Kronoscope provides proactive alerts on SKUs that are overstocked and need to be liquidated based on the predicted demand for that period and the current inventory levels. This will help users to clear out this excess inventory through enticing sales and maximize revenue.

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