Supplier Inventory Service Level

Fill Rate | Improve Customer and Supplier Responsiveness

What is Fill Rate? Is the percentage of demand that is met on time. To apply a sound Fill Rate analysis we first have to understand how changes in inventory service level affect demand.
Fill-rate is a widely used metric for setting inventory or service levels and is also a useful measure of customer satisfaction.

New technology offers an opportunity to further explore Fill Rate. Consult and Aduits offers Promena KPI dashboard allowing to compute a probabilistic forecast of the demand. The result of the forecast is a distribution of probabilities which can be turned into a distribution of fill rates with a dedicated function. The capabilities of Promena KPI Dashboard provide new opportunities for data collection and analysis, including more accurate tracking of fill-rates.

Maximize your investment in your ERP with Promena Spend management and KPI module. Once you calculate fill rates for your products you’re going to want to make sure they actually improve. That means using the right tools and inventory software to keep your stock levels at optimum points.

With Promena Spend Management you can:

• Easily accelerate your decision making
• Monitor your spend data and supplier performance
• Streamline delivery times
• Offer a better service
• Improve decision-making with reporting tools, Supplier, financial and operational analysis
• Reduce technological and operational costs
• Obtain quantifiable benefits both monetary and in business productivity
• Customized dashboards

Kummerk Fill Rate and Spend Management support
Discover how Kummerk may help you with your Spend Management and Fill Rate Analysis with our IT solutions, our professional consulting services, training or suport needs.

Phase in to Understand Your Fill Rate and Spend Promena offers a robust approach to analyze and visualize spend data. With the spend analysis module, you can easily slice and dice all of the data running through the platform in multiple ways such as category breakdowns by spend and supplier, spend and supplier distribution by geography, currency and exchange rate breakdown, and more… Numerous customized dashboards are available by gathering data from different sources with pre-defined frequencies, making visible of your spend by a collaborative and inclusive 5-step approach..

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