Purchasing
AI inventory purchasing software
Procurement software for purchase order recommendations that ensure a steady flow of stock, without holding too much inventory
When spreadsheets don't deliver
You could spend every waking minute in spreadsheets and still struggle to get the insights you need to make strategic purchasing decisions for your business. There are too many products, too many sites and too much complexity in your supply chain to make manual analysis effective. That means you often find your inventory overstocked with some SKUs and with stockouts of others.
Accurately interpret demand signals
Purchasing’s purchase order management software uses demand forecasting to make sure you buy the right quantities at the right time. Its AI models adapt to the shape of your business, meaning it takes your strategic aims into account in its recommendations. It does the painstaking analysis for you, minimizing excess stock while hitting service levels and revenue goals.
Get the right stock at the right time
Leverage AI to ensure your business can make better decisions to free up working capital without missing an SLA or a sale.
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Hit target service levels
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Meet sales revenue targets
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Minimize excess stock and reduce overhead
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Prevent unplanned production downtime
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Avoid stock-outs
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Reduce costs and obsolescence
Under the hood
Purchasing’s procurement management software is built on Peak’s platform. It uses AI models to recommend optimal purchasing quantities and dates for every product across all your sites. It minimizes costs and helps you achieve target service levels. The application’s procurement software factors in business-specific constraints like safety stock levels, reorder points, minimum order quantities, backorders, space constraints, branch transfers, supplier agreements, and more.
- Combine data
- Add intelligence
- Make decisions
Ingest, transform and organize large volumes of data from across your company.
- Customer orders
- Purchase orders and back orders
- Inventory
- Reorder points
- Product metadata
- Supplier metadata
Apply optimization models and customizable constraints to your data.
Apply optimization models to determine product and location-specific purchase orders that best achieve target service levels and minimize costs. The application’s purchase order management software factors in demand forecasts and current inventory holding. It lets you add custom constraints including:
- Safety stock and reorder points
- Minimum order quantities
- Truck loading
- Space constraints
- Branch transfers
- Future orders
- Supplier agreements
- Supplier preferences
Visualize purchase order recommendations.
View recommended purchase order dates, quantities and suppliers for each product by location, plus track availability, inventory and service level.
- Customize minimum order quantities and instantly update purchase order recommendations
- Adjust purchase decisions for a discrepancy between forecasted demand and minimum order quantities
- Easily identify products that will stock out before the next review period
