Proactive Procurement Optimizes Inventory Levels
Vizen’s Supplier Sourcing as a Service analyzes your existing contracted suppliers of raw materials. Our automated platform evaluates historical delivery patterns and incorporates external market factors that impact on-time delivery. Including supplier labor shortages and production delays. Our predictive software factors in near real-time contracted shipping delays for long haul, overseas freight shipments. Ultimately, we provide you with up to a 90% confidence level of when to procure from your supplier and when it will arrive at your facility. Effectively reducing excess buffer safety stock inventory levels required to fulfill production and demand over time.
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Causal Factors Affect Results
Apply proactive insight into the demand fluctuations and spikes that impact your forecast. Most traditional supply chain software fails to address these external factors and it adversely affects your responsiveness and results.
Supplier Lead-Time Inventory Problem
Knowing with confidence when your supplier materials will be delivered holds the key to staying on schedule to meet your customer demand. This leads to the need to maintain a costly extra buffer safety stock to ensure fulfillment. Vizen offers a subscription-based SaaS solution that analyzes your historical lead time data patterns and applies tailored causal-market intelligence to your forecast including known vendor shortages, production delays and freight transit disruptions. We continuously update each vendor’s projected lead-time intervals with accurate re-order dates.
Supplier Sourcing as a Service
Predict lead times / when to procure
Vizen’s causal forecast software optimizes planning accuracy by aligning supplier historical data to external production and transit signals that effect timeliness. Thus, generating a procurement confidence window into the optimal
time to source your raw materials -avoiding unnecessary lead-time delays that drive excess safety stock challenges. Our SaaS solution improves outcomes by increasing the probability of supplier fulfillment. We offer an initial proof
subscription to validate a representative use case.
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We guaranteed 20+ percent forecast improvement