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Stock Management

Stock replenishment, whether to depots or retail outlets, whether direct to the customer or via agencies, is traditionally done on a regular stock count and re-ordering basis, respecting minimum and maximum stock level parameters. However for companies who have invested in connection to our B2B Platform, there are possibilities of doing this on a far more collaborative basis using our Stock Management application.

The full process begins with forecasting: for suppliers to be able to receive and collate forecast data from regional agencies or depots is often a significant manual task. Our Forecasting and Reporting tool simplifies the process of data gathering, by enabling the regions to submit their numbers via the same technical solution which they employ to send purchase orders to the supplier.

As the process moves into stock level management throughout the year, the simplicity of the system means that data entry can be delegated to a wider range of people, whilst the reports produced on sales and stock data satisfy internal audit requirements and encourage closer co-operation in the overall stock management and replenishment process. Together with the alert-driven workflows, you have the chance to improve accuracy and to reduce stock levels.

The system allows people in different roles to perform their part of the process, be they product managers, store managers agents or customer service representatives. For those who need to analyse and manipulate some of the data in more detail, an easy download feature drops it quickly into Excel.

Stock management is a service where take-up is increasing rapidly as supply chain partners look to collaborate more closely. Contact us for case study information to see how it might help your business.