Demand Driven Procurement
Leverage the power of artificial intelligence and automation to streamline your procurement processes whether you are purchasing from vendors or integrating with your manufacturing.
Imagine your procurement processes were completely automated in response to demand.
With Demand Driven Procurement from Novobi, that can be a reality.
Take the Guesswork out with Artificial Intelligence
Streamline the time consuming task of manual data processing. Novobi's AI engine helps you make the best procurement decisions quickly in our easy-to-navigate platform.
Stop Manual Counts with Real Time Inventory Monitoring
No more cross checking spreadsheets. With real time monitoring you can see the state of your inventory in the moment so you can make the necessary decisions for procurement.
No More Time Consuming Analysis
Optimize your procurement with purchase planning. Stay ahead of your inventory needs with automatic forecasting to help you figure out what to purchase and when.
Reduce manual work, purchase only what you need, and save time and money with intelligent, Demand Driven Procurement, featuring:
Real-time inventory monitoring
Real time monitoring and alerting for under stock and over stock risks. Novobi’s Smart Inventory continuously monitors inventory levels, applies intelligence to draw the right conclusions, and delivers actionable reports and alerts to the right people.
Automatic replenishment thresholds
Optimize reorder quantities with control parameters and overrides. Significantly reduce user time and effort as well as uncertainty in maintaining reorder points for thousands of products.
Plan ahead in your purchasing processes with intelligent recommendations. Create bulk purchase plans and analyze performance across multiple products, warehouses, and vendors for automated quantity and vendor recommendations.
Are you ready for Demand Driven Procurement?
Learn more about how intelligence and automation can streamline your procurement workflows whether you're purchasing from vendors or manufacturing in-house.
Real time monitoring and alerting for under stock and over stock risks to help you stay on top of your demand while avoiding stagnant inventory.
Inventory Status & Real Time Stock Dashboard
With multiple KPIs for inventory performance, including stock age, heavy stocks, total inventory value, and more, you can view a snapshot of your inventory operations in a user-friendly dashboard.
Under and Over Stock Analysis
Automatically categorize your inventory into four groups:
Products with high over stock risk
Products with high under stock risk
Products near reorder points
Products within proper levels
Plus, continuous monitoring ensures that you can set up real time alerts and make necessary adjustments as needed.
View a summary and to-do list of delivery orders to ship to customers, orders to receive from vendors, and returns orders from either customers or vendors in one report. Get a visual overview of your inventory activities so you can quickly and easily prioritize your operations.
Analyze your return trends with an overview of total sales return orders by service level. Make better decisions about your sales and inventory practices with insightful return data.
Product Variant Analysis
View a summary of past demand for every product as well as forecasted demand up to 6 months in the future so you can stay on top of your demand trends and ensure you never go into an out-of-stock situation.
Optimize your reorder quantities with control parameters and utilize stock automations that save time and energy.
Prevent stock-outs and over stock
Defines optimal inventory levels, for individual products or in batch mode, based on:
Product service levels
Supplier lead time
Set Your Reorder Points
Automatically optimize reorder points or generate new reordering rules as market demand changes:
Option to generate purchase or manufacturing orders when reordering rules are triggered
Manually adjust recommended reorder points
Plan ahead in your purchasing processes with intelligent recommendations.
Vendor and Quantity Recommendations
Get an overview of your vendor relationships in one place and make the best purchasing decisions by utilizing:
Vendor lead times
Import or Export to Excel for Portability and Flexibility
Automate Purchasing Execution
Streamline your procurement process by automating the purchasing workflow using triggers and thresholds that you can configure.