Inventory Management
Even when suppliers carry the cost of consigned stock, inefficiencies that result from poor communication affect everyone in the supply chain, which means you pay the price. Our solution can cut your financing costs by millions of dollars per year, by halving your inventory and cutting your working capital through better and faster information exchange. Your return on investment is guaranteed to be positive.
Planning and Forecasting
A major factor behind missed product deadlines is that suppliers are not given enough warning about changes to production schedules. Using our Supply Chain Management Hub, suppliers will know about your production plans and forecasts the minute you do. Fewer mistakes and last-minute changes are made and goods are delivered on time to the correct location.
Inventory Visibility
Current inventory levels tend to be bloated as a result of poor visibility into demand flowing through your supply chain. By making upcoming demand transparent to your suppliers, you let them help you to lower all of your costs and run a far more efficient supply chain.
Once your suppliers see what's in your inventory and what your short term and long term requirements will be for their products, they can better run their own operations, buying smarter, holding less inventory, doing less last-minute (expensive) transportation and cutting their production set-ups. You win and they win as you collaborate more closely to build a smart, 21st century supply chain. Supply Chain Connect is there to underpin it for you.
The Inventory and Demand Forecast screens of the Order Management Console enables you to meet the challenges you face:
| Challenge | Supply Chain Connect Capability |
|---|---|
| Lack of visibility of inventory and planned consumption | Real-time information on all phases of inventory: on-hand, shipped, awaiting shipment, and received quantities. Real time status for multi-line item PO's, including acknowledgements |
| Costly stock outs or expedited orders | Provides automatic alerts based on user-specified criteria: reorder point, max, min, and target levels |
| High inventory levels | Real-time inventory management, including minimum, maximum, current inventory, consignment stock, and on order positions |
| Labor-intensive planning and inventory management processes | Ability to interface with almost any system, and read/translate any electronic data format |
| Variety of disparate inventory systems and reporting procedures | Ability to interface with almost any system, and read/translate any electronic data format. |


Key Features