One-click Predictive Purchasing for Inventory Management
We realise creating Purchase Orders may not be the most glamorous task, but it is the first and one of the most critical processes in the inventory business cycle.
Unlike many other purchasing systems, Infoware's Predictive Inventory Purchasing recognises the sales data you are already collating and defined purchasing triggers to generate an inventory purchase order with just one click.
While it may seem simple on the surface, there are many concurrent processes with many moving parts involved. Infoware’s One-click Predictive Purchasing dynamically manages these for you.
- Sales are increasing on some lines; decreasing in others.
- End of life approaching on some products
- Customers are letting you know their special needs for future functions – better not forget them
- Some products are indent items that you purchase only when you have an order or forecast
- Buying in economic order quantities and multiples to get the best price.
- Avoid ordering too much stock and too little money left in the bank.
One-click Predictive Purchasing manages this for you at a micro level, helping you to find that sweet spot between minimal out of stocks and holding too much stock on hand.
Here's why our clients love Infoware's Predictive Purchasing:
"In our old system, the purchasing process was both manual and time-consuming. I would have to print a sales report for the supplier with recent sales history. I would walk around the warehouse to build up my order that needed to be entered back into the computer.
With Infoware’s Predictive Purchasing this is done automatically saving much time and effort. Now I can review suggested purchase orders immediately. Occasionally I question from the Purchasing app to see who has been buying a product, adjust if I want to and email Purchase Order all in the one step. With over 4000 active product lines to manage we would be lost without it."
Whitehouse Cleaning Equipment and Supplies
See the below short video on why Infoware believes you knowing and managing stock as a number of ‘days stock on hand’ is critical.