Frequently Asked Questions

Improved service levels and lower inventory.

No. IOaaS is available only as a service.

IOaaS needs historical consumption data of an item and lead time distribution. We can calculate necessary distributions from raw data if required. In case of forecast based material planning a forecast accuracy is needed. Stocking policies are designed to cater to this accuracy.

Stocking policies e.g. reorder level, order quantity, safety stock, min max levels etc. which can then be used in the ERP or excel for replenishment decisions.

Policies of a new set of items are reviewed every month. An item is revisited 2 to 3 times in a year.

The calculation formulas available in an ERP are text book formulas which in turn have many underlying assumptions. These assumptions rarely hold good in real life. We use the actual consumption patterns for stocking policy calculations. And we back test the results using simulations to check the expected results. The overall benefit is typically 10-20%

IOaaS is available only as a service. Under the service model customers just send us the data. We process the same at our end and submit the policies.

We offer a free trial on your data. The benefits can be assessed and an ROI can be calculated upfront before you make the decision to buy IOaaS.

We offer a legal as well as technical protection. First we sign a non-disclosure agreement. And we can also work with encrypted data with item codes and names masked. Thus the confidentially of the data is fully guaranteed.