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Welcome to this third and final video on Advanced Inventory Replenishment.
In this video we shall see how it provides the buyer with more information when creating purchase orders using Dynamic GP’s purchase order generator.
As we have seen Advanced Inventory management allows distributors to
• Set stock policy by time rather than using fixed safety and reorder quantities, which can be difficult up keep up to date in a fast moving commercial environment.
• It allows them to Understand demand, including lost sales and exceptional demand and take advantage of ABC analysis based on bin trips, frequency of picking
• It will suggest the best forecasting method for each item and then automatically calculate the safety stock, re-order level, and order up to level
• And lastly it provides information and decision support to Replenishment function