What is Plan Returnable Packaging Materials?

Specialized reusable packaging is critical in logistics operations across businesses to protect goods in transit from one location to another. These returnable/reusable packaging items are designed for reuse in a supply chain. Planning these returnable packaging materials is a critical component of the SAP Returnable Packaging Management solution because only efficient planning can ensure the right material stock is available at the right place and time.

Key Challenges of Planning Returnable Packaging Material

• Lack of transparency about the current, pending, and anticipated orders leads to shortages/supply loss
• Higher costs due to no forecasting and a loss of business opportunity/last-minute rush
• Inadequate alert management results in exceeding the time limits
• Improper management results in loss of business

What is Plan Returnable Packaging Materials

Plan Returnable Packaging Materials is an application that helps plan returnable packing material needs for any account, including those with both primary and secondary relationships, and examines the anticipated account balance. This program accomplishes this by anticipating returnable packing materials using a machine learning algorithm. The machine learning algorithm analyses and predicts the time specified in the Manage Planning and Forecasting Attributes app using the historical data supplied to SAP Returnable Packaging Management. With the help of this data, businesses can determine the necessary demand and contrast it with the actual amount present in the account balance. Also, the app allows the supplier to request material on the portal with a proposed quantity.

Depending on the needs, you may schedule the jobs for Forecast Returnable Packing Materials and Refresh Planning Data to update or refresh the forecast. A heat map is a comprehensive graphical depiction of the data that is accessible. The number of warnings each month and the number of months overall are used to plot the data in this heat map. Red highlights are used for months with warnings, while green highlights are used for months without alerts.

Key Features

You can use this app to:

• View the predicted account balance
• Check your current account amount
• Check out the anticipated supply following restocking
• Determine the forecasting timeframe for returnable packing materials
• Receive alerts for any month of the planning time
• Look at a heat diagram of the statistics for the planning time
• Check out the complete anticipated volume
• Filter Planning View to see info that only displays alerts
• View the number of pending orders
• Change the suggested numbers for restocking and the predicted demand
• Simulate changes in the planning view table
• Check out the accuracy of the forecast for returnable packaging materials
• View the modification history

Benefits

• Asset shortage reduction as the business has proper planning according to the forecast
• Better utilization of assets
• Cost reduction in the form or optimized inventory

With the help of this application, companies can plan effectively for future growth and improved administration. At ArchLynk, we recognize the importance of sustainable practices in the supply chain and have developed domain expertise in SAP RPM to help businesses achieve their goals. We help our customers implement, customize, and maintain SAP RPM with training and support to ensure optimal performance. With our expertise, businesses can gain a competitive advantage by adopting sustainable practices and realizing the benefits of the circular economy. Speak to an Expert to know more.