8 Favorite StockIQ Supply Chain Planning Improvements & Features for 2021

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StockIQ Technologies clients recently had the opportunity to attend learning sessions, presented by Jeff Woodmansee and Jeffrey Porter, highlighting new and improved 2021 StockIQ features. We polled our clients to reveal the favorite new features.

Favorite 2021 StockIQ Features

 

  • StockIQ Playbook - A StockIQ Playbook that outlines basic strategies, best practices, and "red flags" to be aware of.
  • Service Level Optimization - New and updated in the Inventory module, the Service Level Optimization module allows you to optimize your service level targets on a specific part-by-part basis, using a given budget for your warehouse's safety stock level.
  • Auto-Ordering Filters - You can now set up filters for each auto-ordering combination to include and exclude items for a particular supplier-site order schedule, to tailor what you order automatically.
  • Vendor Load Balancing - Specify target percentage of demand you want to plan and split between suppliers. StockIQ will plan and recommend according to the desired split on an item-site-supplier specific basis.
  • Dependent Open Demand Detail- When looking at your open demands for an item, in addition to direct demands on your item, you can now see any open demands from parent items, along with details about them such as their date opened, quantity, etc.
  • Selectable Forecast Chart UoM - New in StockIQ's Forecast Manager is the ability to view your chart in whichever unit of measure you choose, using the Forecast Manager Display Options.
  • Top-Down Forecast Overrides - When saving forecasts from a level of your forecast hierarchy that is above your bottom level, StockIQ will now warn you of any child overrides that may exist and give you the option to either override them or keep the existing child overrides and be aware they are there.
  • "Fulfilled By Amazon" (FBA) Multi-Hub Capabilities - We've added the ability for a given spoke to have multiple hubs, helping to satisfy the condition where one logical "FBA" site represents multiple physical locations that might be fulfilled out of many separate DC's owned by your organization. Allowing for this split based on customer activity allows you to plan DC inventory levels appropriate to the level of demand they serve.

2021 has been quite a year for businesses, and there are many demands coming in the future that may create equal challenges. StockIQ is here to help your business meet its supply chain planning and forecasting needs. At StockIQ, we believe it's our responsibility to help you get the most out of StockIQ, so we strive to act like a new member of your team. Contact us today for a personalized demo to see how our new features can help your business.

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