INTELLIGENT SERVICE PARTS SPEND OPTIMIZATION
Budget Planning, a BaxterProphet module, empowers Service Supply Chain organizations to reduce inventory spend intelligently while preserving service. It automates stock level reductions across parts and locations in alignment with financial targets backed by transparency, traceability, and built-in service safeguards. It is ideal for Service Supply Chain leaders, finance, and planners who need to manage spend without sacrificing performance.
Budget Planning for service parts begins with Finance or Operations leaders defining a scoped budget such as by commodity, region, or distribution center. BaxterProphet compares the baseline recommended purchases to the designated budget, using exchange-curve logic to sequence reductions intelligently.
Adjustments are only applied if they do not compromise a pre-set service level threshold. Planners can explore potential impacts using Preview Mode, and once approved, activate changes in Active Mode. Throughout the process, safety stock and target stock level adjustments are displayed and are accompanied by detailed audit reports that explain every change.
