ORTEC Inventory Routing Application
ORTEC’s inventory routing application is a tightly integrated batch forecasting and planning optimization solution with real-time dispatch, routing and execution capabilities. The solution enables companies to minimize the amount of excess inventory they need to carry and maintain a balance of cost and high customer service levels. In addition, the solution helps companies realize substantial cost savings by reducing mileage and driving time, increasing delivery sizes and improving vehicle utilization. The enhanced forecasting capabilities within the inventory routing application help increase forecast accuracies, enabling companies to improve average drop sizes, eliminate out-of-stock situations and reduce the number of oversized deliveries and product returns.
Companies who manage their customer’s inventory (vendor managed inventory or “VMI”) can benefit from ORTEC Inventory Routing because it enables them to:
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Decrease overall transportation spend;
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Determine when, where and how much of a particular product to deliver;
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Enable fully automated optimization and manual assignment of replenishment orders, routes and resources (vehicles, trailers and drivers etc.).
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Increase asset utilization; and
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Reduce planning time to route shipments.
Currently, ORTEC optimizes more than 225,000 shipments on a daily basis for customers. To learn how ORTEC can help with your inventory routing needs, please email or call us at 678.329.7804.