Does your company need to significantly reduce the complexity of overall management? Then you need to know about Outbound Inventory Management, an essential tool for those who manufacture products and distribute consumer goods. Do you know why? The features of Outbound Inventory Management assist in inventory management and consignment cycle, reducing customer wait time and improving replenishment forecasting.
With this complete optimization, customer loyalty and profit generation for the company are enhanced.
Integration into the business process from order to payment of JDE EnterpriseOne
Digital transformation has required companies to invest in continuous innovation, adopting new features that have emerged in the market to meet the needs of their specific business model — adding value to the company through the modernization of its processes.
And this is where JDE EnterpriseOne comes in, as it brings benefits and opportunities with access to new features, helping productivity and user engagement with a modern experience.
Continuous adoption
Oracle's ready-to-use solution, Outbound Inventory Management, is available in applications 9.1 and 9.2. The system is an integral part of supply chain management and order management processes, allowing for the management of inventory from the supplier from order to payment. The tool also enables inventory management at your customers' locations, reducing costs, increasing sales (and profitability), and improving collaboration between suppliers and their customers.
Advanced management
Another key point of Outbound Inventory Management is the total visibility of all customer orders. From the type of product to the impact on inventory, the tool allows you to manage the selling price, market price, and percentage differences of each item.
Additionally, your company has full support for all sales channels through a simple system and a unified dashboard. It is also possible to track orders in real-time, allowing you to make informed decisions about any changes as they occur.
For received inventory, Outbound Inventory Management allows you to work through an automated or manual process, reclassifying the product by weight or percentage in preparation for shipment. Another advantage is that inventory packages can be created and tracked by barcode and added to shipping tickets during their sale.
In other words, all shipments made and items received are automatically tracked. Thus, you can see the details of each shipment, including the order time, freight provider, and shipping cost. Many advantages, right?
In summary, Outbound Inventory Management establishes contracts, sends inventories, monitors usage, consumption, and restocks inventory, in addition to billing the customer's consumption — allowing cohesion between suppliers and customers.
Want to know how to have an improved forecast to trigger restocks for effective demand planning, enhancing profit generation for the company? Contact the consultants at Go On for detailed information on inventory cycle management from entry to exit.