What does the "Inventory Optimization" feature in Infor M3 do?

The "Inventory Optimization" feature in Infor M3 focuses on balancing product availability and minimizing excess inventory, which is critical for efficient supply chain management. This feature aids businesses in identifying the ideal stock levels necessary to meet customer demand without overstocking, which can lead to increased carrying costs and reduced cash flow. By leveraging advanced algorithms, this functionality analyzes historical sales data, lead times, and other relevant factors to forecast demand accurately. This proactive approach ensures that the right products are available at the right time while also keeping inventory levels lean, thus maximizing overall operational efficiency.

While concepts like calculating optimal order quantities, tracking supplier performance metrics, and automating purchasing processes are vital components of inventory and supply chain management, they are not the primary focus of the Inventory Optimization feature. Each of those roles is addressed by other functionalities within the Infor M3 system.