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 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”.
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.
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.
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.