When distributors replenish customer stockroom and truck inventory with TrackStock, they get actual usage data from the customer that allows them to optimize their distribution centers.
The TrackStock Precise Demand Planning® Feature can tell distributors what customers will order what product in what quantity on what date. Can your demand planning software tell you that? Not likely. That is because traditional demand planning software just aggregates past orders and makes assumptions about future demand, a process that is prone to error. TrackStock tracks what items are being used in real-time at the point-of-use.
Identify and eliminate forecast error
Receive TrackStock PDP information electronically on a schedule via web service or EDI
After only 45 days of using TrackStock for replenishment, distributors can get actual demand information
Move from "just-in-case" overstocking to "just-in-time" optimal stocking of inventory
Distributors are able to know what products will be ordered in what quantity on what date if they have data like the following from the customers' point-of-use:
The good news? TrackStock provides this.
If a distributor has the top 20% or so of their customers who account for around 80% of their revenue, after just 45 days of using TrackStock, they will have sufficient data to generate reports about actual customer demand at the point-of-use. Distributors can feed this actual demand data to their ERP demand planning software to optimize distribution center inventories.