eTurns TrackStock Manage is cloud-based software that provides distributors and their customers with real-time visibility into point-of-use inventories and then automates replenishment using Phones, PDAs, RFID or IoT weight sensors. eTurns TrackStock Manage includes all the benefits of eTurns TrackStock Replenish plus the ability to track consumption, which is necessary in order to know on-hand quantities and automate replenishment. eTurns TrackStock Manage also manages consigned inventories.
|Typical steps in the replenishment process (CMI/VMI)||Distributor eCommerce Site||eTurns TrackStock Replenish|
|Walk stockroom to visually check item quantities|
|Decide if an item needs replenishment|
|Capture an item number||Write down||Scan with visual and audible feedback|
|Decide on replenishment quantity and capture it||Write down||Default reorder quantity automatically included with scan above|
|Walk to computer|
|Login to eCommerce site|
|Navigate to order page|
|Key in item number|
|Decide on price, vendor, etc.|
|Customer can comparison shop on Amazon.com, Jet.com, etc.|
|Add to cart|
|Review cart to confirm|
|Click/Tap to order|
|Receive confirmation emails|
Distributors decrease procurement costs by up to 100%
Distributors’ customers decrease procurement costs by up to 90%
Distributors report increasing same-customer revenues by over 30%
Customers have reduced inventory levels and carrying costs by up to 73%
Manage consigned or customer-owned inventory
Increase inventory accuracy
Set min/max inventory levels based on actual usage
Eliminate stockouts as well as purchase order paperwork/calls/faxes
Powerful dashboard analytics with alerts to drive increasing levels of efficiency
Get customizable reports to pinpoint any transaction
Track usage across multiple remote stocking locations
Many inventory management software products use forecasts to determine replenishment timing, but eTurns TrackStock Manage can replenish based on actual usage history and calculate how the Min/Max/Critical levels should be set for all items.
The user can set how close to the calculated Min/Max he wants to set the levels until comfortable that actual history is an accurate predictor of usage levels. Receive email alerts when items fall below Min & Critical, prompting replenishment orders. TrackStock’s usage-based replenishment optimizes inventory levels by reducing overstock yet maintaining sufficient inventory levels to satisfy demand. This demand is calculated by factoring in things such as distributor lead times and consumption patterns.
TrackStock Manage works for consigned or customer-owned inventories. Managing consigned inventory is easy with eTurns because we capture all usage transactions, allow the distributor to invoice accurately, and provide one set of books for reconciliation.
In an increasingly competitive environment, distributors who save their customers time and money with useful value-added services will be able to retain and grow those customer relationships the best. eTurns powers the automated replenishment value-added services that distributors like Anixter, Graybar, and Rexel co-brand and offer to their customers. They have found that it helps them retain customers and even increase revenues by as much as 30%.
Replenishing through eTurns is 10x faster than manual clipboard/fax methods or e-commerce sites that require sign-in and keying in part numbers. On top of that, TrackStock Manage customers have been able to decrease inventories as much as 73% through optimization. It makes sense that customers are loyal to distributors who are saving them time and money.