Ordering time: not your most favourite time of the month. Gathering all of the data and then checking it takes hours, if not days. You have to:
- Gathering historical sales for all items from a supplier
- Create a forecast of sorts using averages, taking into account seasonality and trends
- Build in a buffer or safety stock to compensate for unreliability of forecasts and supplier delivery
- Reduce stock-on-hand by any outstanding customer orders
- Add in outstanding purchase orders due in this month
- Factor in delivery lead times
- Apply minimum order quantity and other supplier constraints
By the time you have all this information collated and verified in your monster Excel spreadsheet, it’s out of date.
Ordering should be simpler
Instead of wrestling with spreadsheets, let Sage Inventory Advisor help you place optimal orders in no time at all. Whatever your supply chain structure, you want the perfect order at every point in the chain:
- Fill the shelves in all your stores
- Have your central warehouse stocked precisely to supply your other warehouses and stores
- Assemble the correct amount of finished goods in your manufacturing locations to supply the central warehouse
- Order the right amount of raw materials from external suppliers, even if they have long lead times, to keep manufacturing going
What if you knew that every ordering decision at every one of these points was optimal, driving you towards your ideal stocking levels?
So how does Sage Inventory Advisor do it?
- At the click of a button, get order recommendations by supplier for review or transfer recommendations to a sub-location or store
- The information needed to make purchasing decisions is at your fingertips:
- Purchase vs Sales units of measure
- Purchase cost
- Item classification
- Sales history and forecast demand
- Demand for raw materials from all finished goods that require it
- Policy information such as Lead Time, Safety Stock, Replenishment Cycle, Minimum Order Quantity, etc.
- Outstanding purchase orders for the item
- See if there is excess at another location, so you can transfer existing inventory instead of ordering more
- With the click of a button your reviewed order will be downloaded to your ERP system, creating the Purchase Order. No more order capture mistakes, just more efficiency and accuracy!
"We were buying stock based on intuition rather than based on accurate inventory information, with the result that we frequently ran out of stock on some items and overstocked on others."
Read the full case study.
Helena Coertzen, Ideal Cycle & Toy