The old way has its drawbacks
With the current approach to replenishment, companies initiate the process by placing an order with their suppliers. Problem is, since you are unsure of changing customer requirements, you often hold excess inventory. At the same time, the customer carries safety stock on the same items to safeguard against product shortages. This has got to change – and it has.
Automate to realise the benefits
By automating inventory replenishment in a collaborative fashion, Sterling Inventory Replenishment allows you to support lean inventory concepts either upstream to customers or downstream to suppliers. In short, it improves customer service levels, lowers inventory, and enhances operational efficiencies.
Here’s how:
- Improve customer service levels, while lowering inventory – By analysing daily inventory and sales information you and your trading partners work with an optimal replenishment plan. Seasonality and promotions are analysed to generate reliable sales forecasts and accurate inventory plans resulting in improved product availability, while driving inventory lower.
- Boost operational efficiencies by automating PO generation – This reduces manually intensive efforts. You can automate PO releases based on a range of criteria. Use the process engine to sense incoming information and respond appropriately. You can also work with alert notifications to save time spent reviewing volumes of information.
A complete solution
Sterling Multi-Channel Fulfillment includes these additional, integrated solutions:
Sterling Order Management – Improve supply chain efficiencies and business responsiveness by orchestrating global order and service fulfillment across your extended enterprise.
Sterling Supply Chain Visibility – Lower inventory, improve operational efficiencies and responsiveness by summarising inbound supply information in a usable, understandable, and actionable format.
Sterling Transportation Management System – Improve customer service and reduce transportation costs by providing shippers with efficient planning and execution of inbound and outbound processes.
Sterling Warehouse Management System – Reduce costs and improve customer satisfaction for any warehouse configuration by executing complex processes and optimising inventory and labor.
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