What feature of Infor M3 helps in minimizing inventory holding costs?

The Demand Planning feature in Infor M3 plays a crucial role in minimizing inventory holding costs by accurately forecasting future demand for products. This functionality allows businesses to align their inventory levels with expected customer needs, ensuring that they maintain optimal stock levels without overstocking or understocking items.

By utilizing demand planning, companies can predict trends, seasonality, and other factors that influence product demand. This leads to more informed purchasing decisions and allows organizations to reduce excess inventory that incurs storage costs, insurance, and potential obsolescence. Additionally, effective demand planning enables timely replenishment of inventory, which helps maintain service levels without tying up unnecessary capital in stock.

As a result, implementing demand planning not only streamlines inventory management processes but also significantly contributes to cost savings and improved financial performance by minimizing the carrying costs associated with holding large quantities of stock.