|Manage Inventory effectively
Advanced Inventory Management Planning & Control
The Inventory Management feature tracks and records the fluctuation of stock levels. After establishing the desired inventory levels and using the Order Point, Order Quantity, and Maximum Quantity factors, the system allows you to review and readjust the buying patterns based on true historical usage. User-defined templates are created, containing predetermined inventory levels for a product or group of products, and the corresponding code is stored in the inventory master file. At any time, these factors may be recalculated. You may choose to insert the new inventory levels or, on an exception basis, keep the existing levels in place. As a byproduct of the information, which flows through the system, you are able to manage your inventories more carefully. Consequently, reports such as Inventory Alert, Excess Inventory, Margin on Inventory Investment, Inventory Turn & Earn and Inventory Fill Rate, are powerful tools to assist in making crucial business decisions.
Because with eWholesale you can dynamically recalculate your inventory based on the most current information, this assists in identifying any trends before they become a problem. The powerful combination of re-order points, with firm minimum and maximum levels, alleviates the guesswork of what and how much to buy and what to get rid of. A variety of tools are also provided to automate the generation of purchase orders and also to forecast future projected on-hand inventory levels based on current levels, booked customer orders and open vendor purchase orders.
Increase productivity by automatically producing vendor purchase orders based on eWholesale's current stock position with ePOGen (see
Presentation). Purchasing personnel have full capability to review and modify vendors, parts, quantities and prices, etc. prior to finalizing the purchase order generations.
For a more exhaustive analysis, please download our free Whitepaper Five and Five - The Critical Elements You Need from your Information System to manage Import, Export, Distribution and Light Manufacturing Activities.