Letter From the CEO

In downturns or boom times, every company’s objective is to use cash wisely. In this downturn, the survivors will be the ones who use this opportunity to improve their fundamentals and conserve cash. Inventory is at the center of the cash-to-cash cycle.  The lean management of inventory maximizes cash.  At eTurns, our objective is to partner with our customers to make their remote stockroom management as lean as possible through minimizing their inventory, carrying costs, labor costs and fulfillment costs.

I’d like to tell you more about how eTurns can help you improve your cash-to-cash cycle and help you operate “lean” with regard to inventory and therefore cash. The faster your cash-to-cash cycle, the fewer days your cash is unavailable for use in propelling your business.   It is computed as the number of days that cash is invested in inventory plus the days that your uncollected revenues sit as receivables minus the days cash remains available to your business because your business has yet to pay its bills . Companies should aim for maximum efficiency across these three segments of the cash-to-cash supply chain, and eTurns can help.  For 14 years, eTurns has helped customers retain cash by leaning their inventory management at the last step of their supply chain – the point-of-use. 

Our view is that the stockroom of the ultimate end-user, large or small, can be as lean as any warehouse, perhaps more so.  With our lean stockroom inventory management Software-as-a-service (SaaS), your inventory levels are optimized, which maximizes your cash.  Cash is only spent when material is reordered from connected suppliers, reducing clerical costs.  Reorders only occur when an item falls below a reorder point calculated by recent usage, optimizing inventory levels and reducing cash spent on idle inventory.  Material is only removed from inventory when a customer requires a product or service, generating cash more quickly with a speedy invoicing process, and completing a lean cash-to-cash cycle. Our iVMI sensor-based replenishment system can even eliminate entirely the labor costs associated with visual counts and replenishment.

Providing the tools to accomplish a lean cash-to-cast cycle is eTurns' core competence.  Our customers will attest to needing only a handful of days to install it and a handful of hours to learn how to use it.  Since eTurns is a SaaS, all the IT infrastructure is provided as a service, allowing us just to turn it on for you. You have none of the maintenance burden and costs associated with owning software. eTurns starts as low as $125/month and the ROI on our service is such that it usually pays for itself within a month or two.  Please let us know if we can partner with your company to lean your inventory management at the point-of-use and to preserve cash. Contact me at rock@eturns.com

Rock Rockwell
CEO