Distributors optimize their customers' inventory with Min/Max

The eTurns TrackStockMMT dashboard gives distributors and their customers analytics with suggested minimum and maximum settings that will optimize their inventories to remove cash and decrease annual carrying costs 

 

Customer-owned Inventory:
When distributors provide the eTurns TrackStock Replenish or TrackStock Manage app to their customers as a value-added service for replenishing and optimizing their inventories, their customers can use eTurns TrackStockMMT. It's a dashboard that proactively calculates and suggest the optimal minimum and maximum levels for each item based on actual usage. Then it quantifies the cash that could be removed from inventory and from annual carrying costs if the customer applied those suggested min/max settings.

 

Consigned Inventory:
Distributors who manage consigned inventory at their customer's location can also use eTurns TrackStockMMT to help ensure they are stocking only the minimum inventory necessary to cover actual usage requirements. Many distributors discover that consignment is much less expensive than they expected once they optimize the inventories in their customer stockrooms. 

 

Here's how eTurns TrackStockMMT works:

Step 1: Set the parameters on the Min/Max Tuning Dashboard

MinMaxTuneSettings

 

Step 2: Learn current inventory value as well as optimized inventory value if you were to apply TrackStockMMT's suggested min/maxs, which are calculated from your actual usage at the point-of-use.

 

Step 3: Learn how much cash you can take out of inventory by using the optimal min/max inventory levels.  Plus, you learn how much cash you can save annually by lowering inventory carrying costs. 

 

RemovedCash

 

Step 4: Optionally, use our slider bar to set trial scenarios where you move 50%, for example, closer to the optimized min/max levels and see how much cash you can remove from inventory. If you want to apply those min/maxes to your actual stockroom, click “apply”. 

 

MinMaxGraphs
TrackStockMMT is better than ERP software at optimizing inventory in at the point-of-use

Traditional ERP software can't measure how much cash can be removed from a distributor's customer's stockroom inventory because it doesn't track on-hand quantities at the customer's point-of-use. But eTurns tracks real-time consumption in stockrooms, connexs, service trucks, etc. and then provides the TrackStockMMT dashboard with suggestions for cash savings from optimizing specific items. 

  • Consigned Inventory: Within only 45 days of implementing TrackStock at a distributor’s customer, TrackStock can calculate optimal Min/Max levels and quantify the exact cash a distributor can remove from consigned inventory at a customer site. 
  • Customer-owned Inventory: Within only 45 days of implementing TrackStock,  the Min/Max Tuning solution can tell a distributor’s customer what their optimal Min/Max levels should be and how much money they could save by implementing those Min/Max levels.

 

Benefits of the eTurns TrackStock Min/Max Tuning Solution to optimize consigned or customer-owned inventories:

The TrackStockMMT Solution calculates what Minimums and Maximums should be based on actual usage, not guesses.

After only 45 days of using eTurns TrackStock to manage customer inventory in stockrooms or trucks, the Min/Max Tuning Dashboard will display what the resulting inventory value is and calculate the potential savings.

Quickly view potential (trial) savings by moving TrackStock’s Min/Max Tuning slider bar between current and optimal Minimums/Maximums and allowing TrackStock to recalculate these “trials” savings.

Use the TrackStockMMT Dashboard to select the items you wish to update to the new “trial” Min/Max levels, then click “Apply”. All of these items’ Mins and Maxs will be updated with one click.

How TrackStockMMT works to optimize inventories

Within the TrackStock Dashboard, open the Min/Max Tuning settings wheel page to determine the parameters to use to calculate a stockroom’s optimum Minimums and Maximums. The Min/Max Dashboard will then display the number of items whose current Minimums and Maximums are close to the optimum levels and how many are far away. Then use the Dashboard’s slider bars to create different scenarios where inventory is between 1% to 100% closer to the recommended optimum levels and learn what savings are available. No spreadsheets.  No guesswork. Only actionable results.