Distributors optimize their customers' inventory with Min/Max

When distributors provide the eTurns TrackStock Replenish or TrackStock Manage apps to their customers as a value-added service for replenishing and optimizing their inventories, their customers can use the eTurns TrackStock Min/Max Tuning Solution to calculate what minimum and maximum levels should be for an item, based on usage, and then quantify the cash that could be removed from inventory and from annual carrying costs.  

 

Min Max Tuning

Can your ERP software tell you how much cash can be removed from your customers’ inventories based on their actual usage? No, it can’t, because it doesn’t track on-hand quantities in your customers’ stockrooms/connexs/service trucks or track consumption as they use parts. But eTurns does.

 

  • 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.