eMoksha Demand Planning Service
Inventory and Forecasting Optimization
eMoksha Demand Planning is a cloud-based demand planning service that uses AI algorithms, historical data, and machine learning to help a steel distribution business predict future inventory needs based on historical demand, seasonality, and steel mill order cycles. Demand Planning predicts what to order, when to order, how much to order and when to expect it in the warehouse. This helps optimize item levels in the warehouse, enhances supply chain planning, and ensures that steel distributors are ordering the right items from the mill and other suppliers to fill customer orders without overstocking steel plates raising carrying costs, and tying up cash in the inventory.
eMoksha Demand Planning service has completely transformed how we order steel. A tedious and frustrating process that used to take days with pouring over excel files, purchase orders and not to mention the ‘gut’ feel of warehouse staff is now a point-and-click, 30-minute exercise with pinpoint accuracy. We are saving so much money, time, and effort with the Demand Planning service.
Melissa Supler
Chief Operating Officer, Lyman Steel
Demand Planning Benefits
Profitability and ROI
Ensure that your warehouse is stocked with the necessary items to fill customer orders without excess items that sit in the warehouse thus freeing up cash
Time and Effort Savings
Stop hunting for data at decision time. Speed is everything in today’s business. Save significant staff time and effort to figure out what’s needed, when needed, and how much is needed with the click of a button
Customer Service
Accurately predict when an item will arrive in the warehouse and set customer expectations for the delivery accordingly; help build predictability of item availability for your customers
Quick Implementation
You just upload the data we ask for and we do the rest. No onsite IT implementation is needed, you just get the results delivered to you on our portal to review the decision data points
Ensure that your warehouse is stocked with the necessary items to fill customer orders without excess items that sit in the warehouse thus freeing up cash
Stop hunting for data at decision time. Speed is everything in today’s business. Save significant staff time and effort to figure out what’s needed, when needed, and how much is needed with the click of a button
Accurately predict when an item will arrive in the warehouse and set customer expectations for the delivery accordingly; help build predictability of item availability for your customers
You just upload the data we ask for and we do the rest. No onsite IT implementation is needed, you just get the results delivered to you on our portal to review the decision data points
Challenges eMoksha Demand Planning solves
Short-Time Window Steel business is unique in its own way. Mills and suppliers give a very short time window to order. If you don’t have an accurate demand forecast at your fingertips then you resort to manual processes, gut feeling, and guesswork to push the order through knowing well that your business can do better than that.
Lost Sales How do you ensure you have the right product stocked for the right customer need? Ensure product availability and maximize sales by accurately planning for future demand.
Excess Inventory Cost Eliminate excess overhead associated with storing unsold inventory.
Short-Time Window Steel business is unique in its own way. Mills and suppliers give a very short time window to order. If you don’t have an accurate demand forecast at your fingertips then you resort to manual processes, gut feeling, and guesswork to push the order through knowing well that your business can do better than that.
Lost Sales How do you ensure you have the right product stocked for the right customer need? Ensure product availability and maximize sales by accurately planning for future demand.
Excess Inventory Cost Eliminate excess overhead associated with storing unsold inventory.
How does this Demand Planning Service work?
Have the right materials available — at the right time, in the right place — to deliver increased revenues, higher profits, and maximum ROI.
How does this Demand Planning Service work?
Who should use this service?
Distributors who are doing excel based forecasting which is error prone and requires lots of time and effort when placing a supplier order .
Distributors who are just winging it and doing no forecasting at all. They check with warehouse staff what the item needs are when decision time comes. Relying on excel files and memory of warehouse staff is not an optimal strategy to run a profitable business.
Distributors who are frustrated knowing that there is a better way to balance supplier orders and customer demand but don’t have the time and bandwidth to implement a new in-house system
How is this service priced?
You can subscribe to Demand Planning Service for an annual service fee and get a demand portal access license. You can get more access licenses as you need them but generally, a single portal license subscription is sufficient. There is a one-time setup fee for the initial setup.