SPARES AND INVENTORY OPTIMIZATION
The SALVO Process was extended to develop the disciplines and evaluation methods for spares, procurement and inventory decision-making
How do you justify which, and how many, spares to hold? The SALVO Process, with world-leading DST INVENTORY OPTIMIZERTM software tool, is the best possible method for evaluating spares and inventory decisions. It provides a disciplined process for quantifying and evaluating criticality, uncertain demand, procurement options, financial implications and a host of other factors that can affect the decisions.
Using simple storyboards, the SALVO Process and ‘what if?’ tool, rapidly reveal the economics and risks of different strategies and inventory levels. They force the right questions to be asked, navigate the data uncertainties, explore sensitivities and alternative scenarios. The optimal strategy is identified, with clear business case justification. It helps everyone to talk the same language and demonstrate value-for-money.
DST INVENTORY OPTIMIZER™ harnesses whatever hard data, range-estimates and uncertain assumptions are available. It is the most logical, transparent and highly flexible tool for inventory decision-making, with stand-alone or integrated, ‘batch’ usage when linked to inventory management or procurement information systems (such as SAP).
Like all DST modules, DST INVENTORY OPTIMIZER™ has been independently validated by University of Cambridge. It uses advanced algorithms to calculate the optimal inventory and procurement strategies across a wide spectrum of options, ranging from critical slow-moving, ‘insurance’ spares to high turnover materials; evaluating optimal stock levels, purchase quantities, storage locations and supplier/procurement strategies.
But don’t just take our word for it – try it for yourself. A pilot study will rapidly show you both the enormous value of the approach and its applicability to your specific processes, assets and business context.
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