Eliminate stockouts while reducing inventory costs by 35% with intelligent min-max reorder points. Our automated system analyzes usage patterns, lead times, and criticality to maintain optimal stock levels for every wear part.
Automated reordering for 10,000+ SKUs with 98% availability and zero overstock.
Min-max reorder is an inventory management strategy that sets minimum and maximum stock levels for each part, automatically triggering purchase orders when inventory falls below the minimum threshold.
Our intelligent system considers usage history, seasonal variations, supplier lead times, and criticality ratings to calculate optimal reorder points. This integrates seamlessly with our fast-moving parts tracking to prioritize high-turnover items and prevent critical stockouts.
| Factor | Impact | Adjustment |
|---|---|---|
| Daily Usage Rate | Critical | ±40% range |
| Lead Time | High | ±30% buffer |
| Safety Stock | Medium | ±20% margin |
| Seasonality | Variable | ±15% adjust |
| Criticality | Factor | ±25% safety |
Advanced algorithms that adapt to your usage patterns and operational requirements, integrated with vendor catalog systems for real-time pricing and availability.
Standard calculation for stable demand patterns with predictable usage.
Min = (Daily Usage × Lead Time) + Safety Stock
Adaptive calculation for variable demand with seasonal fluctuations.
Min = (Avg Usage × Lead Time × Variability Factor)
Machine learning model for complex patterns and critical parts.
Min = ML Model(Historical + External Factors)
Focus resources on high-value items using ABC classification to optimize inventory investment and management effort. This works with our annual inventory counts to validate and refine classifications.
Value from A-items (20% of SKUs)
Value from B-items (30% of SKUs)
Value from C-items (50% of SKUs)
Service level achieved
Streamline procurement with intelligent automation that integrates with consignment agreements and supplier systems.
Continuous inventory tracking with instant alerts when levels approach minimums.
System creates purchase orders when reorder points are triggered.
Direct EDI connection with suppliers for seamless order processing.
Track fill rates, stockout incidents, and inventory turns continuously.
Expert answers to optimize your inventory management
Safety stock depends on demand variability, lead time consistency, and criticality. For critical A-items, use 2-3 weeks of average demand. B-items typically need 1-2 weeks, while C-items may only need 3-5 days. Factor in supplier reliability and adjust based on historical stockout incidents.
Yes, seasonal adjustments are crucial for accuracy. Increase levels 20-30% before peak seasons and reduce during slow periods. Our system automatically adjusts based on historical patterns, but manual overrides for known events (shutdowns, projects) improve accuracy further.
Review A-items monthly, B-items quarterly, and C-items semi-annually. However, trigger immediate reviews when usage patterns change by more than 20%, new equipment is added, or suppliers change lead times. Integration with equipment monitoring systems helps identify usage changes quickly.
Absolutely! Min-max principles apply perfectly to consignment inventory. The supplier maintains stock between your min-max levels, and you're only billed upon usage. This reduces working capital while maintaining availability. Track usage carefully to ensure suppliers replenish on time.
Min-max focuses on when to order (reorder point) and maximum stock levels, while Economic Order Quantity (EOQ) determines how much to order to minimize total costs. Modern systems combine both: using min levels to trigger orders and EOQ calculations to determine order quantities up to the max level.
For sporadic demand items, consider alternative methods like reorder point with manual review, vendor-managed inventory, or just-in-time ordering. Track these separately from regular min-max items. Use predictive maintenance data to forecast irregular needs more accurately.
Monitor stockout frequency, inventory turnover ratio, carrying cost percentage, order fill rate, and emergency order frequency. Target 98%+ fill rate, less than 2% stockouts, and 6-12 inventory turns annually. Use these metrics with other inventory systems for comprehensive performance tracking.
Complete wear parts management for optimal inventory control
Discover specialized inventory solutions across all categories
Join thousands of fleets achieving 98% parts availability while reducing inventory costs by 35%. Implement intelligent min-max reorder points that adapt to your operations.
Lower inventory carrying costs
Parts when you need them
Hands-free reordering