Inventory Planning Services

Effective inventory planning is essential for meeting customer demand, ensuring optimal stock levels, and reducing unnecessary storage costs.

At Ogden Fulfilment, our advanced inventory planning services are designed to keep your supply chain moving smoothly, improve cash flow, and streamline fulfilment operations. Our tailored approach combines inventory planning software with proven inventory management strategies, helping you forecast, plan, and allocate inventory efficiently.

Why Inventory Planning Matters for Your Business

Proper inventory planning impacts every part of your supply chain, from supplier management to customer satisfaction. Effective inventory planning efforts help avoid the pitfalls of poor inventory planning, such as lost sales from out-of-stock items, excess inventory costs, and cash flow issues. Here’s how it benefits you:

Enhanced Customer Satisfaction: Maintaining the right inventory levels ensures customers receive their orders promptly, improving customer satisfaction and loyalty.
Improved Cash Flow and Reduced Storage Costs: By balancing stock levels, businesses can reduce holding costs and free up cash for other operations.
Minimised Excess Stock and Waste: Through demand forecasting, inventory planning reduces the likelihood of excess inventory and excessive storage costs.

Female warehouse employee doing a checklist with digital tablet

Key Components of Ogden Fulfilment’s Inventory Planning Services

Our inventory planning process focuses on a systematic approach that combines technology, data analysis, and demand planning to give you precise control over your inventory needs.

1. Historical Sales Data and Demand Analysis

Using historical data, our team analyses past trends to forecast demand accurately. This is a crucial part of the inventory planning process, helping to predict fluctuations in consumer demand and adapt stock levels accordingly. Our planners consider variables like seasonality, consumer behaviour, and sales channels, ensuring accurate demand forecasting for both high-demand and low-demand periods.

2. Demand Planning and Forecasting

Demand planning is a cornerstone of successful inventory planning. By utilising advanced inventory planning software, Ogden Fulfilment can forecast demand accurately, aligning your inventory flow with actual customer demand. With this proactive approach, we help businesses anticipate market changes, adjust production schedules, and ensure critical stock items are available.

3. Efficient Inventory Allocation

Inventory allocation ensures that stock is distributed efficiently across sales channels, reducing the risk of overstocking or understocking in any location. With our inventory planning tools, you gain a comprehensive view of inventory levels, making it easy to identify optimal stock allocation for every channel.

Two male employees discussing while walking through fulfilment centre. Men in reflective workwear working together at a distribution warehouse examining the inventory on storage racks.

Inventory Planning Software: Real-Time Inventory Management and Control

Inventory planning software is essential for tracking inventory in real-time and preventing costly errors from poor inventory planning.

Our software integrates seamlessly with your order management system, enabling continuous monitoring of stock levels, reorder points, and critical stock items.

Real-Time Tracking of Inventory Status: Track every inventory item and gain insight into stock levels, allowing quick responses to demand fluctuations.
Automated Reorder Points: Our system automatically calculates reorder points, optimising order quantity for each product and reducing time-consuming tasks associated with manual stock management.
Control Over Inventory Costs: By managing inventory more efficiently, you can reduce storage costs, shipping costs, and holding costs, streamlining the entire supply chain from start to finish.

Inventory Planning Models Used by Ogden Fulfilment

Different businesses have unique inventory needs, so we offer various inventory planning models tailored to each client’s requirements:

Economic Order Quantity (EOQ) EOQ helps optimise order quantity to balance ordering and holding costs. This model is ideal for businesses with consistent demand, helping to maintain adequate stock levels without excessive inventory.
Reorder Point Formula This model calculates the minimum stock level required before triggering a reorder, ensuring essential inventory items are always available without tying up capital in excess inventory.
Safety Stock Planning Safety stock helps businesses prepare for unexpected spikes in demand or supply chain disruptions, minimising the risk of customer dissatisfaction due to stockouts.
ABC Inventory Planning ABC planning prioritises stock items based on their demand, cost, and impact on overall inventory turnover, ensuring high-value items are carefully monitored while less critical items are managed efficiently.

The Role of Inventory Planners in the Inventory Planning Process

Ogden Fulfilment’s team of inventory planners work closely with each client to develop customised strategies that match their inventory planning models with specific business goals. Our planners are adept at using inventory planning software to streamline operations, predict future inventory needs, and control costs.

Inventory Turnover Optimisation: By monitoring inventory turnover rates, our planners help clients adjust inventory levels to keep high-demand items available and minimise excess stock.
Establishing Restocking Systems: Inventory planners create and maintain restocking systems, setting reorder points based on demand forecasting to ensure inventory needs are met without overstocking.
Maintaining Adequate Stock Levels: Our team maintains an optimal balance, helping you avoid excess inventory or customer dissatisfaction due to low stock.

Inventory Planning Tools and Technology

The right inventory planning tool is integral to streamlining inventory management. At Ogden Fulfilment, we leverage a robust inventory system that enhances inventory planning efforts and integrates directly with your current supply chain setup.

Vendor Managed Inventory (VMI): With VMI, we manage your inventory remotely, optimising inventory flow and ensuring stock availability across your supply chain.
Inventory Control Tools: Our inventory control systems help businesses track inventory flow, manage stock availability, and reduce costs by improving inventory accuracy.
Data Analytics for Inventory Needs: Our analytics provide insights into customer demand, helping you adapt to changing market needs and avoid costly excess inventory.

Over Stocked Package Boxes Stacked on Pallets in Storage Warehouse. Storehouse Distribution Storage Tall Shelf. Supply Chain. Shipping Cargo Supplies Warehouse Logistics.

Inventory Planning Challenges and How We Overcome Them

Inventory planning can be challenging due to various external factors, such as demand fluctuations, supply chain disruptions, and shifts in customer expectations. At Ogden Fulfilment, our strategies help you stay prepared.

Addressing Supply Chain Disruptions: By tracking supply chain dynamics and adjusting stock levels, we minimise the risk of inventory shortages.
Meeting Customer Demand: We ensure your stock levels are aligned with customer demand to avoid customer dissatisfaction and improve customer experience.
Avoiding Excessive Inventory Costs: Efficient inventory allocation and planning reduce the costs associated with excess inventory, freeing up resources for other business needs.

Enhancing Your Fulfilment Strategy with Inventory Planning

Inventory planning isn’t just about managing stock; it’s a comprehensive strategy that impacts your fulfilment operations and customer experience. Ogden Fulfilment’s inventory planning models support an agile, customer-focused fulfilment strategy.

Faster Order Fulfilment: With a well-maintained inventory system, orders can be processed faster, enhancing customer satisfaction.
Improved Warehouse Operations: Inventory planning reduces the time spent locating stock, increasing warehouse efficiency and reducing costs.
Production Scheduling and Control: By aligning production planning with customer demand, you avoid the pitfalls of overproduction or stockouts.

Close-up on a warehouse worker scanning a bar code on a box - distribution warehouse concepts

Why Choose Ogden Fulfilment for Inventory Planning?

Partnering with Ogden Fulfilment offers you a competitive edge in inventory management, with a focus on achieving efficient stock levels and minimising unnecessary costs. Our combination of technology, experience, and customised inventory planning processes ensures that you always have the right products available at the right time.

Customised Inventory Planning Processes: We tailor our inventory planning efforts to fit your specific industry needs, whether you require basic stock management or advanced demand planning solutions.
Access to Advanced Inventory Planning Software: Our software streamlines tracking, analysis, and order management, so you can focus on other areas of business growth.
Experienced Inventory Planners: Our team understands the nuances of inventory management and brings a data-driven approach to inventory planning.

Contact Us for Tailored Inventory Planning Solutions

Let Ogden Fulfilment manage your inventory needs, from reducing holding costs to implementing accurate demand planning. Contact us today to discuss how our efficient inventory planning services can be tailored to improve your inventory system, meet customer expectations, and optimise your entire supply chain.