Discover how the Inventory Digital Twin can help you and your team

Utilize the Inventory Digital Twin (IDT) to enhance inventory performance, foresee potential stockouts and surpluses, and make data-driven decisions to transform inventory turns and profitability.

Reliable Commitments & Optimal Decisions

Boost your confidence in making operational and financial commitments, and ensure you use the best strategies and tactics for any stock location.

Best Practices Comparison

Access and compare inventory management methodologies such as Min-Max, EOQ (Economic Order Quantity), TOC (Theory of Constraints), and DDMRP (Demand-Driven Material Requirements Planning).

Quick Impact Assessments & Response

Quickly determine the impact of unplanned events and identify the most effective response to minimize disruptions.

Self-Configurable, Flexible Deployment & Fast Execution

Import data seamlessly into the IDT. Deploy it as a Java App on any computer/OS or opt for a Private Cloud server. Run and analyze hundreds of simulations in minutes.

The Inventory Digital Twin (IDT)
guides users through 5 simple steps to gain New insights

STEP 1 - LOAD DATA

Create a digital twin in SECONDS from your inventory data with the IDT

  • Our IDT allows users to instantly create a digital twin of a single stock location or a store from the data available from the inventory management system. 
  • ​Traditionally, it would take 3 to 6 months to build Digital Twins of single stock locations or a store. The IDT accomplishes this in 3 to 6 seconds!
  • You can upload your inventory data using the data template embedded in the IDT, or our team can assist in establishing direct interfaces to your Inventory Management Software to automate the data-uploading process.
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STEP 2 - PRE-RUN DATA ANALYSIS 

The IDT provides a summary from multiple perspectives of the uploaded data.

Inspect the detailed data to identify areas of improvement. Any incorrect or missing data will be flagged in this step.

  • Get comprehensive overviews of your inventory, financial targets, and supply and demand plans.
  • ​Identify potential bottlenecks and areas for improvement before running simulations.
  • ​Analyze SKU data, product performance, and inventory turnover to identify potential bottlenecks.
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STEP 3 - SCENARIO SETUP

With the IDT, you can effortlessly generate multiple scenarios to compare different inventory rules, changes to product categories, or the addition of unexpected events.

This allows you to explore different what-if scenarios and identify the best course of action for your inventory management.

  • ​Create scenarios with different inventory rules and see which scenario delivers the best performance.
  • ​Create scenarios with various replenishment frequencies, prioritization, and stock-level options to identify what works best for your store or stock location.
  • ​See the impact of adjusting safety stock levels to understand the actual effect and identify areas for improvement.
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STEP 4 - RUN mODEL

Watch the simulation while it's running with dashboards to see the results for both PERFECT World (No Variability) and REAL World (Random Variability In Demand And Supply) Conditions

  • Track key performance indicators, inventory status, and product performance to understand how well your store or stock loaction is performing.
  • ​​Analyze inventory levels, constraints, and variability to identify areas of concern and make proactive adjustments.
  • ​Gain valuable insights from both perfect-world and real-world scenarios, considering variability in demand and supply conditions.
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STEP 5 - REVIEW & IMPROVE

The IDT Provides Insights And Recommendations On You Can Optimize Inventory Turnover And Profitability.

  • Analyze simulation results to pinpoint opportunities for improving inventory turnover and profitability.
  • Benefit from actionable insights and recommendations provided by the IDT to refine your inventory management strategies.
  • ​Iterate on your inventory settings and rules, re-run the simulation, and compare results to enhance performance continually.
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marketing@goldrattresearchlabs.com

Inventory Digital Twin, a product developed by Goldratt Research Labs

All Rights Reserved © 2023

Have a question or want to learn how the Inventory Digital Twin can help your company?

Send Us An Email

marketing@goldrattresearchlabs.com

Have a question or want to learn how the Inventory Digital Twin can help your company?

Send Us An Email

marketing@goldrattresearchlabs.com

Inventory Digital Twin, a product developed by Goldratt Research Labs


All Rights Reserved © 2023