Prophet

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Simplify, Automate, and Optimize Your Service Parts Our Prophet software uses a proprietary, Total Cost Optimization approach for Service Parts Planning. This allows you to forecast demand, optimize target stock levels, and integrate with other systems. This way your organization can execute supply, replenishment, and repair orders for each part across your entire supply chain.

Baxter Planning Prophet

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BaxterProphet is a comprehensive Service Parts Planning solution designed to optimize inventory management and enhance customer satisfaction. By leveraging advanced forecasting and automation, it enables organizations to reduce inventory carrying costs, improve first-time fix rates, and increase overall productivity. As part of the BaxterPredict platform, BaxterProphet provides end-to-end predictive capabilities that transform service supply chains into strategic financial drivers. Key Features and Functionality: - Total Cost Optimization: Utilizes a proprietary approach that considers stockout costs, forecasted demand, order costs, carrying costs, and lead times to ensure efficient inventory planning. - Inventory Optimization: Calculates ideal target stock levels by modeling part, site, and customer criticality attributes to meet service supply chain objectives. - Logistics Network Optimization: Identifies and maintains optimal logistics networks and associated rules to accurately map demand and service contracts to sites based on business goals. - Forecasting: Predicts demand using historical data and projected service contracts to prevent excess inventory and backlogs. - Replenishment & Redeployment: Executes orders to balance field service inventory within the logistics network, considering backlog criticality and potential costs. - Supply Order Automation: Automates purchase and repair orders, accounting for scrap rates, supplier performance, and budget constraints to maintain inventory availability. - Lifecycle Management: Plans for key service lifecycle events, including new product introductions and end-of-life scenarios, ensuring inventory availability and minimizing obsolescence. - Excess Management: Identifies surplus materials that can be utilized, sold, or scrapped to achieve service inventory planning goals. - Planning Analytics: Provides ongoing review of key performance indicators such as fill rate and service level to prioritize corrective actions and identify continuous improvement opportunities. Primary Value and Problem Solved: BaxterProphet addresses the complexities of service parts planning by providing a solution that reduces inventory and logistics-related costs while meeting or exceeding service level agreements. It frees up working capital tied in excess inventory, enhances planner productivity through automation, and leverages AI-powered insights to improve decision-making in new product introductions and last-time-buy scenarios. By integrating these capabilities, BaxterProphet transforms service supply chains into strategic assets that drive profitability and customer satisfaction.