Today’s wholesale and retail businesses need to make sure they maintain required margins; reach sales targets; include flexible sell price strategies for EDMs; and manage company credit control policies while at the same time keeping accurate and acceptable stock levels with no or minimal obsolete stock.
Inventory Management Business Benefits
Infoware’s inventory management component can perform a range of tasks to add efficiency to your warehousing business.
Customer Self-Service Portal
Allow your customers to retrieve product fact sheets, brochures and information online 24/7.
Provide visibility of order picking – from orders on stop credit through picking stages – even through to delivery if POD Sign on Glass (mobile phone) option selected. Customer credits are also monitored until stock returned and credit raised. You can allocate run drop order. Orders picked in reverse drop sequence as well as manifests printing.
Automate credit control
If you must provide credit, Infoware generates overdue reminders. Other alternate options such as direct debit customer bank accounts for invoice payments removing credit control issues, reducing bad debts and improving cash flow. Of course taking payments by ecommerce portal through a payment gateway removes credit control issues altogether.
Significantly reduce picking and stock errors; enforce picking oldest stock by default. Option exists to implement full location management and RF bar code scanning for stock receipts, customer orders, replenishments, and stock take. More advanced techniques of wave picking, and carton repacks including while in progress supported.
We believe it to be the most user friendly and cost effective report writer available. Design your own reports – Be able to ‘slice and dice’ your profit analysis – by invoice line, by customer, by supplier, by product, by groups, by salesperson, by customer, by day to more advanced reports such as margins on lost sales.
Infoware Electronic Data Interchange (EDI)
EDI is traditionally the realm of larger volume trading partners. Infoware Services has many clients who have transactions created by EDI removing data entry with 100% data accuracy.
EDI automatically reads PDFs
Infoware Services has also implemented EDI to automatically read data from PDF documents rather than requiring a formal edi infrastructure. This is transparent to your customer’s systems. This is a major game changer to remove data entry from both sales orders and supplier invoices. This removes the data entry and daily administration hum drum of processing sales orders and supplier invoices for all your customers.
Stock Specific Key Performance Indicators KPIs
If you cannot measure certain business health ratios; how can you improve your business? Infoware Services KPI component is designed specifically for stockists, allowing your business to monitor daily sales and GP down to invoice line exception level for micromanagement; days of stock on hand and value; dead stock value and %; outstanding debtor days; % of out-of-stock customer orders and a whole lot more.