Absolute Value™
 
Absolute Value Functionality

Functionality

Absolute Value is a world class, best fit formula-based forecasting and multi-site replenishment solution for distributors.  The solution, delivered as a monthly service, allows users to reduce inventory levels and increase profits, while concurrently improving customer satisfaction.

Absolute Value Forecasting:

  • Arrives with 18 base formulas
  • Uses best-fit forecasting methodology to reforecast the past for each item in each warehouse to automatically select the best formula for that item and warehouse
  • Forecasts each warehouse or stocking location to provide a clear plan for the deployment of inventory in each warehouse
  • Provides customer collaborative forecasting for key customers to anticipate their promotions and buying plans for the future
  • Provides vendor collaborative forecasting to allow you to notify your vendors of not-committed but anticipated future purchases
  • Handles seasonal and exception items

Absolute Value Replenishment:

  • Acknowledges that great forecasting is only half the battle today; the impact of replenishment is huge
  • Provides a total integration of the forecast and dynamic time phased expected inventory across your supply chain
  • Is not a black box forecasting and replenishment system. Great care is taken to provide a drill down to the details of each calculation for the user’s review
  • Generates daily or on-demand suggested replenishment orders for the users review and placement
  • Presents a clean and straight forward buyer’s workbench using dynamic time phased expected inventory to determine when and how much additional inventory is needed
  • Considers the replenishment path such as distribution center, branch warehouse, or consignment location when suggesting replenishment from the vendor
  • Extends to the user a view of surplus inventory across all warehouses, from the suggested replenishment order, to allow the transfer of surplus to reduce the suggested purchase quantity
  • Recommends transfers for the replenishment of branch warehouses and consignment locations

Ensuring the highest quality solution and providing absolute visibility throughout, Absolute Value has more than 300 customers using the product across many industries within distribution.

Learn more about how Absolute Value combines functionality, services, and architecture to address the challenges facing distributors today.