Definition #
Systems predicting restocking needs and automating purchase orders.
Key Characteristics #
- Lead time prediction
- Deadstock prevention
- Vendor performance
- Seasonality modeling
Why It Matters #
Reduces stockouts by 65% and overstock by 40% (Journal of Retail).
Common Use Cases #
- Retail inventory
- Manufacturing parts
- Hospital supplies
Examples #
- E2open
- Blue Yonder
- Kinaxis
FAQs #
Q: Supplier integration?
A: EDI/API connections with 2000+ vendors.
Q: Crisis response?
A: Pandemic mode prioritizes essential items.