The Advance Reordering module for revolutionizes inventory management by automating the replenishment process. Designed to prevent stockouts and overstocking, this module ensures that businesses maintain optimal inventory levels. By analyzing historical sales and purchase data, it calculates precise reorder quantities, taking into account safety stock and buffer days. This proactive approach to inventory management not only enhances operational efficiency but also supports cost-effective procurement strategies.
Key Features
Automated Replenishment: Automatically generates purchase orders when stock levels fall below predefined thresholds.
Multiple Replenishment Strategies: Choose from various strategies, including inter-warehouse transfers and inter-company transactions.
Vendor Selection Options: Select vendors based on criteria such as cost-effectiveness, lead time, or specific preferences.
Safety Stock Calculation: Incorporate safety stock levels to mitigate the risk of stockouts.
Buffer Days Integration: Account for buffer days in reorder calculations to accommodate lead times and unforeseen delays.
Real-Time Demand Forecasting: Utilize historical data to predict future demand and adjust reorder points accordingly.
Customizable Coverage Days: Define coverage days to align with financial and storage constraints.
Benefits
Enhanced Inventory Accuracy: Maintain optimal stock levels, reducing the risk of overstocking and stockouts.
Cost Savings: Streamline procurement processes, leading to potential cost reductions.
Improved Operational Efficiency: Automate routine tasks, freeing up resources for strategic initiatives.
Scalability: Adaptable to businesses of all sizes, supporting growth and expansion.
Data-Driven Decision Making: Leverage historical data for informed inventory management decisions.
Advanvce Reordering
Mastering the art of supply chain excellence is the key to unlocking unparalleled business success. As the saying goes, 'Better the supply chain, Better the Business.'
For this, Purchasing “ Right quantity of Inventory at Right time ” is the key point : Not only for Warehouses but at every stage of Supply Chain from Supplier, Manufacturer, Distributor, Retailer to Customer,and hence efficient inventory management is crucial for this smooth supply chain operations. Hence maintaining accurate stock levels are vital for success. Inaccurate quantities purchased at the wrong time results in Overstock nightmare, tying up capital, or Out of Stock situations, disrupting revenue channels.
Get rid of these headaches with the cutting-edge Advance Reordering Application!
Our game-changing Advance Reordering solution takes your business to the next level by accurately suggesting the perfect quantities to reorder, avoiding those dreaded stock issues altogether alongside many of the automated processes.
But that's not all - our app also helps you fulfill :
For this, Purchasing “ Right quantity of Inventory at Right time ” is the key point : Not only for Warehouses but at every stage of Supply Chain from Supplier, Manufacturer, Distributor, Retailer to Customer,and hence efficient inventory management is crucial for this smooth supply chain operations. Hence maintaining accurate stock levels are vital for success. Inaccurate quantities purchased at the wrong time results in Overstock nightmare, tying up capital, or Out of Stock situations, disrupting revenue channels.
Get rid of these headaches with the cutting-edge Advance Reordering Application!
Our game-changing Advance Reordering solution takes your business to the next level by accurately suggesting the perfect quantities to reorder, avoiding those dreaded stock issues altogether alongside many of the automated processes.
But that's not all - our app also helps you fulfill :
Advance reordering based on
ORDER POINTS
Streamlined Reordering Rule Management
Automated/manual creation of Reordering Rule for Multiple Products, Warehouses, and Companies simultaneously, ensuring efficient inventory management across the supply chain.
Automated Reorder Level Scheduler
Automated scheduler to update Minimum and Maximum reorder levels.
Enhanced Reordering Rule Optimization
Optimize Reordering Rule Quantity by dynamically calculating Minimum and Maximum reorder thresholds from historical Sales and Purchase data.
Customizable Maximum Stock Management
Tailor maximum stock quantities to your business needs with customizable options and user-defined buffer days, thereby minimizing excess stock holding costs.
Sales Performance Insights
Gain valuable insights into product performance with access to average daily sales and maximum daily sales information.
Lead Time Analysis
Access Products’ average lead time and maximum lead time information.
Strategic Warehouse Location Selection
Streamlined Warehouse Location Selection strategy post - purchase or stock replenishment.
Adaptive Safety Stock Calculation
Improve inventory resilience with a flexible timeline to calculate safety stock, ensuring uninterrupted supply chain operations.
Proactive Safety Stock Management
Enhance inventory resilience with safety stock recommendations, mitigating the risk of stockouts and ensuring uninterrupted supply chain operations.
Efficient Sales, Purchase & IWT History Management
Automated/Manual update of Sales History Data for multiple Products, Warehouses, and Companies.- Automated/Manual update of Purchase History Data for multiple Products, Warehouses, and Companies.
- Automated/Manual update of IWT History Data for multiple Products, Warehouses, and Companies.
Versatile Reorder Fulfillment Options
Choose from a range of fulfillment options based on your specific supply chain requirements, enhancing flexibility and responsiveness.
- Create Inter company transaction from Order points.
- Create Inter warehouse transaction from Order points.
- Create Purchase order from order points.
- Proceed with default flow.
Strategic Supplier Selection
Improve procurement efficiency with strategic vendor/supplier selection options.
- Select the Cheapest Supplier.
- Select the Quickest Supplier.
- Select a Specific Supplier.
Advance reordering with
DEMAND GENERATION
Facilitate Vendor MOQ Fulfillment
Create Purchase Orders for multiple warehouse groups altogether, ensuring efficient procurement.
Customizable Past Sales Analysis
Customize your date range for past sales analysis, empowering you to refine predictions based on your business needs for enhanced accuracy.
Optimize Demand Generation
Utilize past sales or forecasted sales to generate demands
Real-Time Demand-Driven Multi-Warehouse Replenishment
Replenish stock across multiple warehouses based on real demand from the main warehouse.
Optimized Purchase Orders
Adjust Purchase Orders as per real demand from calculation by utilizing historical data.
Customized Sales Quantity Insights
Access information about exact sales quantities during user-defined Coverage Days.
Real-time Sales Tracking
Access information about products’ quantity sold during transit time.
Storage Capacity-Cost Driven Warehouse Selection for restocking
Select preferred warehouse for incoming stock as per storage capacity and convenience during multi-warehouse reordering.
Strategic Reordering for Financial and Storage Optimization
With customizable coverage days, tailor reordering to match financial and storage capacities, enhancing cost-efficiency, and operations while reducing overheads.
STOCK REPLENISHMENT
Strategic Stock Replenishment
Prioritize internal demand fulfillment based on real-time sales data, then allocate surplus stock to other warehouses, ensuring optimal resource utilization..
Custom Warehouse Channels for Internal Logistics
Define warehouse channels within the same company to prioritize stock distribution, optimizing internal logistics for an efficient supply chain.
Custom Company Channels for External Warehouses
Establish company channels to prioritize stock distribution across warehouses of different companies, fostering enhanced supply chain effectiveness.
Efficient Inventory Distribution
Multiple transfers of stock replenishment to multiple warehouses created from the single record.
Strategic Stock Management Options
Optimize supply chain with flexible actions, such as prioritizing available stock usage, automating transfers when product/products are out of stock, or allowing manual selection of transfer channels.
Optimized Sales Order Fulfillment
Ensures timely fulfillment of customer orders and minimizes stock shortages by automatically replenishing stock from alternate sources when required, improving overall supply chain efficiency.
Versatile Demand Generation option
Utilize Past Sales or Forecasted Sales to generate demands
Inter Warehouse Transfer
Facilitate seamless stock movements between warehouses of the same company through two-step pickings (Source -> Transit -> Destination) or direct transfers (Source -> Destination), streamlining operations for enhanced efficiency.
Inter Company Transfer
It allows stock movements between companies by creating sales orders in the fulfiller company and purchase orders in the requestor company. Along with stock movement it will take care about accounting documents.
Easy import feature
Create InterCompany and Inter Warehouse Transactions record by importing simple csv files.
Easy Return Management
Easy interface to return stock back from requestor warehouse to fulfiller warehouse of same company or different company, ensuring flexible inventory management.
Dropship Efficiency Enhancement
Maximize customer satisfaction and minimize transit times by enabling direct delivery from the fulfiller warehouse to customers, if the requestor warehouse desires to deliver orders directly.
Automated Order Fulfillment Amidst Out-of-Stock Situations
Fulfill orders seamlessly, even when stock is unavailable, by automatically replenishing from alternative warehouses within or outside the company.
Automatic Intercompany Document Processing
- Automatically process all documents within channels/intercompany transactions based on configurations.
- System will Create / Validate all documents as per configured settings, ensuring smooth workflow execution.
SALES FORECAST
Efficient Historical Sales Data Import
Import past sales data into the system from csv file.
Diverse Sales Forecasting
Customize forecasts to accurately predict future sales for both regular and seasonal sales.
Flexible Sales Data Export
Export normal sales or forecast sales
Auto Create Forecast calculation for Multiple Warehouses
Calculate forecasts across multiple warehouses simultaneously.
Sales Forecast Report
- Track monthly forecasted sales quantities for each product, providing a clear understanding of potential sales opportunities.
- Compare forecasted sales quantities across months for individual products, enhancing performance analysis.
Sales Forecast v/s Actual Sales
- Monthly Forecast Comparison: Analyze forecasted sales for each product across every month.
- Monthly Actual Sales Tracking: Stay informed with precise tracking of actual sales data for each product on a monthly basis.
- Product-wise Forecast vs. Actual Comparison: Maximize decision-making potential by easily comparing forecasted and actual sales quantities for each product, ensuring optimal performance evaluation.
- Optimize future strategies : Identify discrepancies between forecasted and actual sales to optimize future strategies.
SALES FORECAST
Automated Reordering with Real Demand
Resolve inventory stockouts and streamline supply chain operations by automating reorder processes based on real demand calculations through a scheduled planner.
Ensure Operational Efficiency
Customize your planning schedule to align with your business needs, specifying how often automated calculations for reordering with real demand should occur.
Automated Reorder Validation
Ensure seamless and efficient workflow execution by automating the validation of Reorder based on Real Demand processes, enhancing operational efficiency.
Coverage Days Customization
Specify the duration for inventory maintenance to ensure optimal stock levels, effectively meeting demand fluctuations and minimizing shortages.
Customized Vendor Selection
Enhance performance and profitability by sourcing products from the best vendors tailored to your specific needs, whether for cost savings, quick delivery, or other requirements.
ADVANTAGES
Avoid bottlenecks throughout the supply chain.
Enhance supply chain resilience and avoid nightmares by ensuring the right level of inventory and a reliable, efficient supplier network.
Avoid out-of-stock nightmares by maintaining the right level of Minimum Quantity.
Avoid overstock nightmares by maintaining the right level of Maximum Quantity.
Adding buffer days aids in avoiding out-of-stock situations during unpredictable shipping delays.
Optimize inventory management by aligning reorder levels with current demand patterns and actual sales, enhancing efficiency.
Predict future sales of products automatically.
Maximize benefits from suppliers by purchasing products in bulk.
Free up warehouse space and increase revenue.
Efficiently utilize warehouse space.
Enhance profitability by minimizing unnecessary expenses such as transportation and maintenance, while maximizing profit margins through efficient inventory management.
Maintain the best reputation for your business by fostering strong relationships with suppliers.
Estimate accurate demand for the selling of seasonal products in the future.
The risk of holding obsolete stock is minimized, optimizing capital utilization and reducing write-offs.
Reduce inventory holding costs by mitigating overstock situations.
Predict future revenue generation.
Order based on your financial position and cash availability.
Ensure higher service levels to customers.
