Zionex, a leading provider of advanced supply chain and integrated business planning platforms for retail, manufacturing, and distribution industries, has announced the beta release of PlanNEL, its innovative AI-powered business planning SaaS platform.
PlanNEL Beta utilizes AI and machine learning technologies to accurately forecast demands based on various influencing factors and suggest optimal safety stocks to meet customer service levels and maximize profits. It is designed to help mid-sized enterprises make data-driven decisions for better outcomes while marketing and distributing their products.
PlanNEL consists of the following 4 modules:
- AI-powered Baseline Forecasting (BF) module to improve demand forecasting accuracy;
- Demand Planning (DP) module to manage consensus-based demand planning process;
- Inventory Optimization (IO) module to recommend optimal inventory levels for a given product at different storage locations; and
- Replenishment Planning (RP) module to provide optimal production and delivery schedules.