StockOptim focuses on minimizing spare part stocks and at the same time it aims to improve stock’s availability. Usually there is lots of capital invested in warehouses. Attempts of reduction of invested money in spare parts can easily lead to situation where shortage penalties can nullify the achieved saves. Typically stocks’ spare part levels have been set so high that there is very little risk fall into shortages. On the other hand oversized stock levels causes increased expenses results from eg. space, up keep, waste, order and cargo costs.

StockOptim is the ultimate tool for optimizing spare part stocks. It can make predictions of planned and unplanned spare part consumptions and expenses concerning storage. During optimization shortage probabilities, shortage periods, shortage costs, the capital invested in the storage and other stock expenses will be calculated. Optimazion also finds the optimal levels for reordering points, order sizes and preorder times.

The greatest benefits from using StockOptim can be attained from spare parts that are at the same time large in the volume and expensive at the price.You can also increase stock’s availability by optimazing the parts which are critical in your process. The critical parts can be found with the help of the other RAM-products or with the help of specialists.

The key benefits

• Reduces significantly capital invested in storages (20-30%)
• Gives reliable information
• Optimal levels for order points, order sizes and preorder times
• The optimazion can be focused on the critical parts
• Helps to generate efficient storage solutions
• Helps to compare different suppliers
• Gives tool for constant improvement of your stock’s availability