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IMAFS The Inventory Optimization Software
IMAFS provides an AI-powered inventory management solution designed to optimize stock levels while enhancing company performance. The software calculates inventory parameters and supports businesses in decision-making, leading to significant reductions in stock levels and improved service availability. Case studies show considerable inventory reductions and cost savings across various industries, demonstrating the effectiveness of the IMAFS system.
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IMAFS The Inventory Optimization Software
- 1. Imafs.com Master your inventorymanagement with our solution powered by Artificial Intelligence
- 2. Improve your company'sperformance 2All rights reserved imafs.com
- 3. IMAFS works inconcert with you to optimize your inventory Solution oriented on the results Stock availability management Best practices in inventory management Continuous support from our experts Simplified integration Proof of concept – evaluation of ROI before implementation Cloud Mode Continuous improvement and R&D User friendly and intuitive IMAFS gives the users full control of their inventory management settings 3All rights reserved imafs.com
- 4. How do welink IMAFS to your transactional system? 4All rights reserved imafs.com
- 5. Features of oursolution 5 IMAFS calculates optimized inventory parameters on a monthly basis (classes, safety stock, minimum, maximum, lot sizes, forecasts and lead times) All rights reserved imafs.com
- 6. Artificial intelligence : incomparablebenefits IMAFS uses artificial intelligence to improve inventory management and increase business’ profitability. How? AI allows for the analysis of a multitude of parameters in order to make more accurate predictions. It is also faster than both the human brain and traditional inventory management methods. Benefits? Optimization of performance and profits Improved supply chain efficiency and inventory availability Cost reduction More accurate lead time and forecasting calculations 6 A great tool to help in decision making ! All rights reserved imafs.com
- 7. Iron Ore Company 7 OBJECTIVE Quicklyreduce the inventories without decreasing the service level and ensure better control of items RESULTS Global inventory reduction of 15% within the first 10 months (29% for items controlled by IMAFS), without any diminution of service level Maintained availability rate of critical items SOLUTION Use IMAFS to classify items according to their criticality and their demand and calculate optimized inventory parameters (Min Max) according to this classification and service objectives All rights reserved imafs.com
- 8. Réseau de transportde la Capitale 8All rights reserved imafs.com OBJECTIVE Maintain proper availability levels of parts while reducing investment in stock RESULTS Between 2016 and 2019, RTC’s efforts have allowed to increase the percentage of parts controlled by IMAFS from 16% to 67% During these same years, RTC had been able to maintain proper availability levels of parts while reducing investment in stock by almost 14% on all items. This reduction amounts to 24% if we consider only items with Min Max controlled by IMAFS. On the other hand, the inventory turn increased from 2,5 turns in 2016 to more than 3,5 turns in 2019 The efforts have also allowed of reducing obsolete inventories by 36% SOLUTION Make more use of IMAFS functionalities as for controlling the inventories available space in the stores
- 9. Canadian Malartic 9 OBJECTIVE Optimize sparepart stocks for the mine’s start up and operation SOLUTION Implement an inventory optimization software and follow inventory parameters RESULTS Eliminated 78% of all stockouts for parts with regular purchases and 45% for critical Reduction of stocking levels by 14% for items controlled by IMAFS All rights reserved imafs.com
- 10. Salade Etcetera !Québec 10All rights reserved imafs.com OBJECTIVE Occupy the store space with the right parts in the right quantity and increase the level of service of parts consumed frequently RESULTS Overall inventory reduction of 2.4% in 5 months (9.4% if we only consider the items managed by IMAFS) Overall reduction of 17% in stock shortages (29% on class A items) SOLUTION Implement IMAFS to have a dynamic management of Min Max which takes into account the service objectives and the space available in the warehouse Use the IMAFS exception lists to clean up inventories and monitor suppliers
- 11. BI/Dashboard 11 Follow your progresswith our elaborate dashboard All rights reserved imafs.com
- 12. BI/Dashboard 12 An essential anduser-friendly tool with the performance indicators you need All rights reserved imafs.com
- 13. Zoom Report 13 Obtain acomplete portrait of your inventories and benefit from our drill down functionality to answer all your analysis needs All rights reserved imafs.com
- 14. Exception reports 14 More than30 exception reports available with ability to customize your own if required All rights reserved imafs.com
- 15. Items information 15All rightsreserved imafs.com
- 16. Savings 16All rights reservedimafs.com ↓ 25%; $750,000 ↓ 35%; $1,050,000 ↓ 50%; $1,500,000 6 12 18 24 30 36 $0 $200 000 $400 000 $600 000 $800 000 $1 000 000 $1 200 000 $1 400 000 $1 600 000 Nbr of Months Savings Savings based on an inventory of $5,000,000 with a conservative carrying cost of 20%. Scenario for 25%, 35% and 50% of Inventory Reduction