Imafs presentation
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IMAFS is an inventory management solution powered by artificial intelligence that aims to optimize inventory levels. It works with companies to improve stock availability and implement best practices. IMAFS uses AI to analyze multiple parameters and make accurate predictions to optimize performance, costs, and profits. It calculates optimized inventory parameters on a monthly basis. The solution is integrated with transactional systems and provides reporting and analytics dashboards. Case studies show IMAFS helping companies reduce inventory levels by 15-50% without decreasing service levels.
Imafs presentation
- 1. Imafs.com Master your inventory management with our solution powered by Artificial Intelligence
- 2. Improve your company's performance 2All rights reserved imafs.com
- 3. IMAFS works in concert 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 we link IMAFS to your transactional system? 4All rights reserved imafs.com
- 5. Features of our solution 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 : incomparable benefits 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. Transportation mode, carrier, weather, customs, seasonality, holidays, availability, and any other relevant variables are incorporated into the predictive model of machine learning. 6 A great tool to help in decision making ! All rights reserved imafs.com
- 7. Artificial intelligence : incomparable benefits Benefits? Optimization of performance and profits Improved supply chain efficiency and inventory availability Cost reduction More accurate lead time and forecasting calculations 7 A great tool to help in decision making ! All rights reserved imafs.com
- 8. Iron Ore Company 8 OBJECTIVE Quickly reduce 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
- 9. Société de transport de Montréal 9 Overall, after three years of IMAFS STOCK Stock level has decreased by the equivalent of 20% PURCHASE The number of purchase lines has decreased by almost 10% SERVICE Improvement of parts availability from 76% to 94% which resulted in a reduction of the number of immobilized vehicles by 25%; equivalent to adding 8- 10 new busses on the road All rights reserved imafs.com
- 10. Canadian Malartic 10 OBJECTIVE Optimizesparepartstocksforthemine’sstartupandoperation SOLUTION Implementan inventoryoptimizationsoftwareandfollowinventory parameters RESULTS Eliminated78%ofallstockoutsforpartswithregularpurchasesand45% for critical Reductionofstockinglevelsby14%foritemscontrolledbyIMAFS All rights reserved imafs.com
- 11. BI/Dashboard 11 Follow your progress with our elaborate dashboard All rights reserved imafs.com
- 12. BI/Dashboard 12 An essential and user-friendly tool with the performance indicators you need All rights reserved imafs.com
- 13. Zoom Report 13 Obtain a complete 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 than 30 exception reports available with ability to customize your own if required All rights reserved imafs.com
- 15. Items information 15All rights reserved imafs.com
- 16. Savings 16All rights reserved imafs.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