Optimize Inventory Levels with
AI Simulation
Determine optimal inventory levels to balance costs and customer satisfaction, considering demand uncertainty, market dynamics, and potential supply chain disruptions.
If you're asking, "How can I improve my inventory to meet demand?" and "How accurate are my demand forecasts and what is the level of uncertainty?" you've come to the right place.
The Cosmo Tech AI Simulation Platform helps large manufacturing companies optimize inventory levels, stay prepared for changing customer demand behavior, anticipate potential disruptions, and keep the business ahead of the curve.
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Achieve Excellence in Demand Arbitration Decision-Making
- Stay ahead of demand shifts by simulating thousands of scenarios and incorporating uncertainties in demand forecasting.
- Optimize supply chain decisions with a comprehensive view of all potential outcomes and understand how uncertainties impact overall company performance.
Find the Optimal Balance between Inventory Costs and Customer Satisfaction
- Identify optimal reorder points and safety stock levels based on various factors like lead times, demand variability and desired service levels.
- Fine-tune replenishment strategy such as best transport modes and stock policy, order quantities and frequency.
- Evaluate the impact of disruptions on inventory availability and strategize accordingly.
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Streamline your Data Integration Process
Whether you use SAP IBP or a combination of different platforms, Cosmo Tech offers tailored data format customization and the ability to import your business data through both pre-built and custom integration flows.
Case Study
Optimal Supply and Demand Arbitration Process
Discover how a global automotive supplier used AI Simulation to reduce its inventory levels while maintaining customer satisfaction.
Faced with disruptions and unpredictable demand, the customer, like many automotive suppliers, was struggling with rising buffer stock costs needed to maintain service levels. Orders often varied greatly from initial requests and came in with shorter lead times, complicating supply chain management.
The client's demand forecasts failed to account for meet these uncertainties, leading to several challenges. They needed to reduce excess inventories while still meeting customer demand, striking the right balance between cost and service.
Relying on the Plant Master Scheduler's experience and intuition, which were largely based on past data, proved ineffective. This approach resulted in inaccurate demand forecasts, creating distrust and making it difficult to anticipate and adjust plans effectively.
Cosmo Tech offered a two-step solution to predict inventory and service levels over a 10-week period:
- Machine Learning: To determine the company’s demand uncertainty level.
- AI Simulation: To predict the impact of this uncertainty on key performance indicators (KPIs) and refine the demand forecasts. This step included scenario comparisons to identify the best balance between service levels and inventory.
Key results:
Simulated results: up to 5% inventory level reduction
Key benefits:
- Meeting customer demand for products while minimizing excess inventory
- Agile & informed decision-making to adapt to demand uncertainty and supply chain complexity
- Better performance management with new visibility into service rates and inventory costs
- Efficiency gains with a process standardization across >50 plants
“By partnering with experts in AI and Supply Chain Simulation like Cosmo Tech, we’re able to accelerate our transformation, adopting a more agile approach in our supply chain and business.”
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Learning Center
Embrace Supply Chain Uncertainty with AI Simulation
Download this ebook to delve into the transformative capabilities of AI simulation for a resilient supply chain. Explore how major manufacturing companies used this technology to run thousands of ‘what-if' scenarios to spot potential disruptions and crafted optimal plans that resulted in millions of dollars in savings.
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About Cosmo Tech
Cosmo Tech is an AI-Simulation Software company and an expert in prescriptive AI Simulation and Enterprise Digital Twins. Leading companies from the manufacturing, automotive, energy, and transport rely on Cosmo Tech’s combined predictive and prescriptive capabilities to anticipate what’s coming and confidently optimize operations, improve profitability, build resilience and sustainability.