Zenventory

Inventory Optimization

Thursday, September 18. 2008

Inventory Optimization begins with quality expedited data flow to ensure up to the minute inventory visibility between business units. Managing inventory in the supply chain is vital to customer service, cash flow, and avoiding over stocks and stock outs.

There are several basic inventory best practices to optimize and reduce the cost of inventory management. Optimization can be achieved through investing in a inventory management solutions designed to provide the right tools for the task at hand. The solution must be affordable and most importantly easy. Inventory Optimization products such as Zenventory.com can provide quick system integration and global visibility enabling the user to easily manage an order through the entire life cycle.

When researching an inventory management solution there are several key factors that are essential:

Affordability -- The product cannot limit your organization to a certain amount of server space OR prevent additional users access due to high software license cost
Integration -- Seamlessly integrate with your current and future financial software package (QuickBooks or a proprietary legacy system). Meaning, that as the company evolves, the solutions is to be scalable and integrate with basic financial software or a robust ERP. Don't choose a solution that will cost you more in the long run.
Mobility -- The best solutions are going to enable your inventory operations to go mobile. This will reduce data delays due to manual entry at a desktop computer.
Optimization --An inventory optimization product is to develop and drive continuous improvement in your overall inventory management operations. Purchasing, Receiving, Inventory Management, and Fulfillment can all be driven by superior tools that ensure these tasks are functionally and efficiently accomplished.

Zenventory.com provides an affordable solution with free system enhancement and limitless users and server space. This web based software is scalable to meet all of your needs and more. Choose software that was developed by industry experts who understand the demands of today rather than the out of touch software packages of yesterday.

Posted by James Meehan in Zenventory at 20:31 | Comments (0) | Trackbacks (0)

Vendor And Purchase Order Management

Thursday, September 18. 2008

One common mistake that small businesses often make is to concentrate efforts on sales management while forgetting to implement a purchasing and vendor management program. A great purchase order management system will help contain costs and make an organization more profitable.

For example we recently worked with a company that created an unbelievable web presence allowing 97% of its customer accounts to place web orders. Orders were tightly integrated with their accounting system allowing invoices to be quickly printed and mailed. Sounds good right? From a sales stand point this does sound great. However this company sourced its products from multiple suppliers. Depending on how inventory is allocated to an order, profit may not be maximized. Inventory should be allocated to orders to ensure maximum profitability. Simply picking orders without consideration of the purchase cost is very risky. Worse, how does this business know they're paying exactly the cost agreed and getting the quantity it actually ordered when receiving inventory from its suppliers? Money simply disappears if a business does not receive inventory against an approved purchase.

Zenventory provides extensive purchasing and vendor management. Zenventory can manage costs and lead times for each item against multiple vendors. When items are received, they are checked off against the purchase order so that vendor bills can be verified against what was actually received. In addition, Zenventory can assure the most profitable product is allocated to a customer's order. Since lead times are better managed, minimal inventory can be maintained in the warehouse limiting the amount of capital tied up in the warehouse.

Posted by Dale Swanson in Zenventory at 18:12 | Comments (0) | Trackbacks (0)

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