360 INVENTORY MANAGEMENT

Key Features: 

1. Pipeline Order Management: Provides real-time tracking of orders, allowing stores to monitor individual order statuses and analyze pipeline forecasts for optimal resource allocation.

2. Dynamic Price Change Management: Pricing information is attached to the Load record and accessible prior to receipt. Real-time pricing notifications are also integrated, ensuring two-way communication about pricing status and completion.

3. Bill of Lading (BOL) Management: BOLs are uploaded upon receiving shipments, with each load status updated to reflect any receiving issues (e.g., missing or damaged merchandise).

4. Receiving Discrepancies Management: Generates automated alerts for receiving discrepancies, such as missing or damaged items, facilitating swift resolution during the store's receiving process.

5. Vendor Reconciliation: Flags problematic loads requiring financial credits from suppliers, attaching an audit trail to ensure that owed merchandise credits are realized by the company.

6. Comprehensive Communication Interface: Establishes a two-way communication channel between home offices and stores, enabling real-time sharing of product information and inventory receiving statuses.

7. Inventory Adjustment Management: Store staff logs inventory pulled from shelves that is not for sale (e.g., product samples, displays, or damaged goods). The application alerts home-office inventory administrators to necessary adjustments, simplifying the process for store staff.

8. Marketing and Product Display: Marketing and floor display information is attached to each load record, providing stores with essential information to effectively sell products. Actual marketing sheets created at the home office can be attached and printed at the store, ensuring uniformity in marketing and pricing across all locations.

9. Multi-Drop Shipment Coordination: Captures detailed information on multi-drop shipments, clarifying which stores are part of the shared load and providing unloading instructions for specific merchandise.

10. Product Catalogs: Maintains a comprehensive repository of pricing catalogs to ensure accurate pricing across all stores.

11. Real-Time Inventory Analytics: Features customizable dashboards and reporting tools that visualize key performance indicators, empowering data-driven decision-making.

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Key Benefits:

1. Enhanced Operational Efficiency: Streamlined processes significantly reduce the time and effort required for inventory management, leading to smoother operations and increased productivity.

2. Improved Accuracy: Real-time updates minimize errors in order processing and pricing, ensuring that inventory data remains reliable and current.

3. Proactive Issue Resolution: Automated alerts and a comprehensive communication framework allow for quick identification and resolution of discrepancies, effectively reducing potential losses.

4. Better Resource Allocation: Insights into order statuses and pipeline forecasts enable stores to allocate resources effectively, ensuring they meet customer demand without overextending.

5. Informed Decision-Making: Access to real-time analytics empowers management to make data-driven decisions that align with business objectives, enhancing overall strategy and performance.

6. Increased Sales and Profitability: By equipping stores with the necessary tools and information to optimize product unloading, marketing, and displays, the application drives higher sales and profit margins.

7. Enhanced Customer Satisfaction: With improved inventory accuracy and timely product availability, customers experience better service and a more satisfying shopping experience.

 

Scalable and Customizable:

SOP Automations’ Workflow Applications are fully scalable and 100% customizable, allowing our solutions to evolve alongside your organization and adapt in real time to changing requirements.

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The 360 Inventory Management application enhances traditional inventory tracking systems by overlaying real-time, bidirectional communication between home offices and stores. This powerful tool equips store staff with all the essential information needed to efficiently unload, display, market, and sell products. By facilitating greater staff efficiency and enabling more effective product displays and marketing strategies, the 360 Inventory Management application ultimately drives increased sales and profitability.