Inventory ManagementWith Inventory Management from Berling Associates, inventory managers, product managers and purchasing personnel can easily and immediately get to the critical information they need to successfully manage the demand and supply flow of product that results in inventory. This information is typically difficult to obtain because of disparate systems, complex supply chains and dispersed inventory information even within the four walls of one company location. With access to this information personnel can reduce inventory expenditures, reduce storage costs, reduce lost sales, and improve inventory performance.
Inventory Management enables procurement professionals through the immediate access to demand, supply and inventory information, all over time to have the right inventory, in the right place, at the right time, and with the right performance levels. Views into this information are available from the very top level summarized views down to the comprehensive item level of detail. All of the demand, supply and inventory information is accessible with the point and a click of a mouse. Users do not have to write and remember long and complex database queries. Procurement professionals become nimble and proactive.
Opportunities identified...
With Inventory Management purchasing personnel can quickly identify opportunities within the demand flow and supply flow to better match the two, driving to lower inventory levels and lower holding costs freeing up scarce capital. With Inventory Management product managers can efficiently identify inventory items, which are turning too quickly and are at risk of being depleted, as well as items that are becoming “stale” and need to be addressed. The point and click access to the web-based views enable personnel to view details of sales driven demand, analyze the timing of procurement decisions (past and planned), measure performance, and develop action plans to attain lower cost and investment. All of this is accomplished within the context of meeting commitments to customers, both internal and external. And, all the information presented is available to be exported in an Excel format for further analysis and manipulation. Procurement professionals have immediate access to inventory levels, expected deliveries and projected demand.
Critical information accessible...
Inventory Management is designed for efficient use. Procurement personnel using the application may have custom views to present on their individualized “home page” dashboard. Using this feature the most critical information for their particular product categories can be made available at login. This narrows the view for the personnel, letting them focus instantly on the areas they are accountable for. Inventory Management also continuously maintains supplier performance data (cost, quality and delivery) in a supplier scorecard. With this information the purchasing personnel can negotiate from a position of strength. This information is accumulated by the application, and it is available with a point and the click of a mouse. No separate reports are required to be generated. Because Inventory Management is web-based information is now readily available across the organization and disseminated instantly. This eliminates the time that used to be expended preparing inventory analyses and reports and provides for more timely decisions by managers. More is accomplished with less.
|
