Inventory Insights: Leveraging Advanced Reports and Forecasting Tools

Effective inventory management is crucial for optimizing operations and ensuring business success. Inspired by Gordon Graham’s renowned book, “Distribution Inventory Management,” our comprehensive inventory management system offers a suite of features designed to streamline and enhance your inventory processes. Our system enables you to organize your inventory with barcodes and bin locators, monitor turnover and vendor performance, and control purchasing with real-time data. It includes advanced forecasting tools, a vast array of reports, and specialized modules for ISO 9000 certification audits and resource prioritization.

Explore how our robust inventory management features can transform your operations, from detailed analysis and accurate forecasting to efficient control and insightful reporting. Whether you need to manage stock status, evaluate vendor performance, or conduct precise physical counts, our system provides the tools and insights necessary to optimize your inventory and drive your business forward.

You can accomplish the following:

  • Organize
    • Bar codes
    • Bin/aisle locators
    • Generic tables.
  • Monitor
    • Turnover
    • Quality of vendor performance.
  • Control (purchasing with)
    • Real-time quantities
      • on-hand
      • or-order
      • committed
    • EOQ (Economic Order Quantity) analyses.
    • Physical counts
  • Forecast
    • Web Hits
    • Contacts (email and calls)
    • Quotes
    • Orders
    • Ships
    • Invoices
    • Receivables

Analyzer

Analyzer has over 880 different types of reports (e.g., sales by customer, by item, by salesperson; purchases by vendor, by item, by purchase person, etc.)

Open Docs

Open Docs is mainly used to age open sale-purchase-WIP orders. It reports open quotes, as well as open ship-receive-move (to prevent missed invoicing/vouchering).

Stock Status

Stock Status is the traditional activity report with on-hand, on-order, and committed quantities, with a list of open order and a six-month quantity matrix.

Versus

Versus is the primary report used in ISO 9000 certification audits. It reports date ship versus date required and is also used to determine vendor performance (date received versus date required).

Rank

Rank generates rank by Cost of Sales, Carry Cost, and Profitability. It ranks from 1 to 100 to determine how many resources are dedicated to each type of item sold. It helps prioritize sales and purchasing, and it communicates this information to sales and purchasing persons.

Variance – Count

Variance – Count generates and records a count sheet, and it supports a bar code scanned inventory.

 

Variance – Cost

Variance – Cost generates and records a cost sheet using the item master cost.

Variance – Valuation

Variance – Valuation generates and records a cost sheet using the item master cost.

Variance – EOQ

Variance – EOQ adjusts EOQ values used in Replenishment.