Lighthouse Replenishment Planning solution from its Lighthouse SCM suite of products offers an AI supported environment that balances supply and demand using multiple replenishments across long, medium and short planning horizons. This module works in tandem with demand planning module for generating an integrated demand and replenishment planning.
Some of the key functionalities of Lighthouse Replenishment Planning are listed here.
A highly competitive market defaults the requirement of a global distribution network. There arises the need to for an end-to-end interconnected supply chain network for organizations with respect to the set-up of their suppliers, plants, distribution centers and customers. A statistical approach enables Lighthouse’s Replenishment Planning module the flexibility to model such complex multi-echelon supply chain network with ease and generate a replenishment plan across the system.
Replenishment planning module offers the flexibility of configuring multiple rules for replenishment and deployment. Parameters such as safety stock in quantity or time, maximum coverage in quantity or time, lot sizes, lead time etc. are easily configurable at the item-location level of the supply hierarchy. In addition, the solution also provides the user the flexibility to choose from system calculated safety stock against a manually determined one.
Supply Planner manages inventory shortages using multiple allocation logic which ensures stock allocation as per defined rules at multiple nodes.
A network comprises inventory at multiple nodes in the supply chain. A case of excess inventory within the network results in holding up working capital and clogging the supply chain. Hence it is imperative for any organization to hold the right amount of inventory at the right location to avoid a stock-out situation. The replenishment planning solution balances end-consumer demand signals and forecasts, inventory on-hand, and in-transit inventory to planned orders at respective nodes. This enables the organization to create optimal inventory plans across different echelons of the network
Replenishment Planning provides comprehensive reports on planned orders generated by the replenishment engine. Besides these, custom reports can also be created by the user.
Replenishment Planning has a set of pre-configured Action Messages. These Action Messages are an indicator to the user to act upon them. Action Messages like Release Planned Orders, Projected Inventory below Safety Stock Actions, Cancel Orders etc. would give a summarized view of such item location for which these actions need to be taken.