Distributors: Optimize Your Customers' Inventory with a Min/Max Tuning Dashboard

The eTurns TrackStockMMT dashboard optimizes distributor and customer inventory, removing cash and decreasing annual carrying costs 

 

Customer-owned Inventory:

Distributors can provide the eTurns TrackStock Replenish or TrackStock Manage app to their customers as a value-added service, ideal for replenishing and optimizing their inventories. As an included benefit, their customers can use eTurns TrackStockMMT. 

  • TrackStockMMT proactively calculates and suggests the optimal minimum and maximum levels for each item based on actual usage. 
  • Then, TrackStock MMT 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 locations can also use eTurns TrackStockMMT. 

  • TrackStock MMT helps ensure distributors are stocking only the minimum consigned inventory necessary to cover actual customer usage requirements. 
  • Once they optimize the inventories in their customer stockrooms, many distributors discover that consignment is much less expensive than they expected.

 

 

Here's how eTurns TrackStockMMT works:
  • Step 1: Set the parameters on the Min/Max Tuning Dashboard

 

  • 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. 

 

  • Step 4: Optionally, use our slider bar to set trial scenarios. 
    • For example, try moving 50% 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.” 

 

 

TrackStockMMT is better than ERP software at optimizing inventory 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. That's because it doesn't track on-hand quantities at the customer's point-of-use.

As an alternative, eTurns TrackStock tracks real-time consumption in stockrooms, connexes, service trucks and more. Then, we provide the TrackStockMMT dashboard with suggestions for optimizing specific items, resulting in cash savings. 

 

  • Consigned Inventory: Within only 45 days of implementing TrackStock at a distributor’s customer, TrackStock can calculate optimal min/max levels to 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 — plus, 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.