ABCstock

ABCstock is inventory planning software that connects to a company's ERP system, analyses and categorises its product catalogue, and calculates inventory parameters from statistics and simulation. The target service level is set by the user. The data can be viewed on desktop, tablet and smartphone.

What ABCstock offers

• ABC classification — sorts items by importance to the business and turnover, so obsolete items can be cleaned up and new ones addressed.
• Nightly forecasting — a self-learning statistical forecast refreshed every night and returned to the ERP system.
• AI simulation — evaluates sales order history, quantities and frequencies to set safety stock and reorder points.
• Manual corrections — users can edit demand data and forecasts for one-off events.
• ERP feedback — optimised parameters are sent back so the ERP system can run its purchase planning.

Who it works with

Businesses holding stock that want to reduce inventory while keeping a chosen service level.

Key facts

• Claimed result: the vendor says optimised safety stock or reorder points are on average 20% lower
• Access: web-based and customisable