Proactive Procurement Lowers Excess Inventory
Vizen’s Supplier Sourcing software analyzes your existing contracted suppliers of raw materials by evaluating their current historical on-time and in-full delivery results. We build accurate lead time forecast models that apply external causal market factors affecting timelines, including supplier labor and production shortages plus overseas freight transit delays. We inform your business of when to procure materials from your suppliers with a 95% confidence level. Ultimately, we automate your manual workflows while reducing excess safety stock.
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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 eliminates 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 supplier’s projected lead-time interval with continuously updated order to shipment delivery dates.
Supplier Sourcing Visibility
Predict lead times and when to procure raw materials
Vizen connects into your ERP via full API integration, where we apply advanced machine learning to reduce inventory errors affecting your raw material supply. We eliminate the need for manual spreadsheets by automating the procurement process and applying your suppliers historical shipping patterns that affect their lead time to projected delivery dates -ensuring that you stay ahead of the market place.
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We guarantee 20+ percent forecast improvement