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Optimizing your inventory

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Optimizing inventory management is critical for maintaining efficient supply chain operations, reducing stockouts, and minimizing excess inventory. By leveraging the Splunk platform to analyze Electronic Data Interchange (EDI) transactions, organizations can achieve real-time visibility into inventory levels, enhance stock management, and improve supplier coordination.

This series of use cases outlines how organizations can harness the Splunk platform's capabilities to optimize inventory tracking, detect low inventory risks, mitigate shipping delays, and analyze carrier performance.

Data required

  • EDI transaction data

What to monitor

It's important to track a few key performance indicators (KPIs) to ensure effective inventory optimization.

  • Current inventory status visibility. Gain real-time insight into inventory levels across multiple locations using EDI 846 (Inventory Inquiry/Advice) and EDI 856 (Advance Ship Notice).
  • Low inventory items detection. Proactively identify and manage low-stock items to prevent stockouts and ensure timely replenishment.
  • Shipping delay detection. Monitor carrier performance and detect delays using EDI 214 (Transportation Carrier Shipment Status Message) and EDI 856 (ASN).
  • Carrier performance analysis. Assess carrier reliability and efficiency by analyzing historical shipping performance data.

Next steps

Splunk offers a turnkey professional services solution to monitor the reliability and health of your manufacturing systems. To learn more about engaging our professional services, contact our sales team.