How effective min/max inventory management can help your customers optimize their inventory
What if you as a distributor could give your customers a min/max inventory management tool to tell them exactly how ...
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eTurns TrackStock Manage, which triggers replenishment for a customer when inventory falls below a set minimum level, automatically sends those orders to a distributor’s ERP system.
This electrical distributor developed a solution to complete the order-to-cash cycle, kicking out a scheduled document that their customers use to import into their own business system, automatically translating it into the required format, for a much more efficient transaction on both ends. We call this process the ”PO Backfill”; it is an ingenious way for a distributor to help their customer while helping themselves get paid faster.
The import document, based on data collected by eTurns, included manufacturer, catalog number, supplier, price, unit of measure, quantity, job number and all other required information.
Benefits include:
In addition to the time and money saved, the PO Backfill solution improves cashflow for both the customer and the distributor.
For the distributor's customer, it allows them to bill faster. For example, for contractors, cash flow is priority No. 1.
And the sooner the distributor's customer can get paid, the sooner the distributor gets paid, cutting down on time-to-cash from two weeks to about three days. That saves the distributor and customer money. By accelerating the cash flow process the contractor can move to the next job faster.
Interested in learning more? Reach out to eTurns today.
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