Efficient min/max inventory management tools can tell distributors exactly how much consignment inventory you should have onsite at your customer. Or these tools could tell your customers exactly how much they should be buying from you based on current usage...
eTurns TrackStock has many features that can help distributors and their customers replenish point-of-use inventory more efficiently.
As a smart distributor, you aren’t avoiding consignment. You’re using it as a strategic leg up. With solutions like eTurns TrackStock, you eliminate unnecessary inventory, cut carrying costs, and provide your clients with unprecedented service and reliability.
For managing consumable inventory at the point-of-use, more people are turning to stockroom apps—modern, mobile-first solutions that give teams inventory visibility, automate replenishment, and eliminate costly mistakes.
B2B inventory management software provides advanced tech for tracking usage, automating critical replenishment processes, integrating ordering, and offering robust analytics.
It’s a delicate balancing act—order too little, and you’ll face stockouts and frustrated customers. Order too much, and you tie up valuable cash in excess inventory, weighing down your operations with burdensome carrying costs.
RFID, or radiofrequency identification, uses information electronically stored in smart barcodes to track and identify inventory items. When used along ...
By automating inventory audits with QR code scans or weight sensors, you streamline operations and reduce your reliance on manual counts and spreadsheets, leading to greatly reduced labor costs. The improved accuracy and efficiency of automation also supports better decision-making and increases overall customer satisfaction, contributing to increased revenue.
Summary: A definitive guide to defining Min/Maxes and how to calculate them. Learn how modern VMI apps that track usage can optimize your min/max levels and decrease costs.