Warehouse Wizard Series Parts 4 – 6

July 9, 2019 by Darcy Boerio

Last month we brought you parts 1 – 3 of the six-part “Warehouse Wizard Series”, a joint effort by ScanForce and Sage Inventory Advisor to provide educational content for Sage 100 users who operate warehouses.

Read Parts 1 – 3 of the Warehouse Wizard Series

And now for parts 4 – 6:

Part 4: Incorrect Levels Drive Excess Inventory

While having excess inventory on hand can seem like a safe bet to make sure you can meet demand, it is not cost-effective and can stunt your business’ growth.

On the other hand, you can have the best methodology imaginable in place to optimize replenishment and avoid excess inventory, but if your inputs are wrong, you will still fail. Good decisions start with accurate data.

Read Reducing Excess Inventory to learn about how to address the complexities associated with not having a source of truth for your levels.

Part 5: The Advantages of ABC Analysis

Ranking your items lets you focus on the ones that really matter. Whether they’re high velocity/high value or slow moving/low value or anywhere in between, these criteria can help you make better decisions about where to focus your time and working capital.

Read up on The 5 Advantages of an Effective ABC Analysis to learn how these classifications can lead to increased profits.

Part 6: Free Tools for Sage 100cloud to Optimize Inventory

Your Sage 100cloud subscription comes with a number of free tools that were previously only available for purchase. Two of these products that are included “out of the box” are:

DSD/ScanForce Multi-Bin Basic by ScanForce
Sage Inventory Advisor Basics by Sage Inventory Advisor

Are you taking advantage of these features you already own? The infographic shows some of the functionality available to help you optimize inventory without purchasing any additional software.

That’s it for the series. Thanks for reading along! You’re a Warehouse Wizard!

Contact ScanForce or Sage Inventory Advisor if we can be of assistance with any of the initiatives you learned about in the series.

Warehouse Wizard Series Parts 1 – 3

June 13, 2019 by Darcy Boerio

From ensuring that you have an accurate picture of what you have on hand and where everything is to informed decision making on replenishment, there are many moving parts when it comes to managing inventory (pun intended).

The inventory and warehouse experts and Sage Inventory Advisor and ScanForce have teamed up to bring you a series of tips to help you become a “Warehouse Wizard”. For this article, we’ll look at the first three of the six tips.

Part 1: Two Sides of Inventory Management

From managing the physical product through accuracy in receiving, pick/pack/ship, physical counts, and labeling, inventory control is crucial to warehouse efficiency. It’s the foundation that allows you to make informed decisions on forecasting, ordering, and expediting, all in the name of inventory optimization.

In this 5 minute video, Russ Graf of NetStock and Steve Showalter of ScanForce discuss the key components of Inventory Control and Inventory Replenishment, and why even if business is booming, NOW is the time to invest in warehouse productivity tools.

Read the full article and watch “The Two Sides of Inventory Management” here.

Part 2: The Right Items in the Right Place at the Right Time

What if your warehouse had just the right amount of inventory to meet demands? Not too little, not too much, but just right?

Having the right items means faster fulfillment, happy customers, and more sales.

Having them in the right place leads to increased productivity and lower operating costs.

Having them at the right time prevents excess inventory and stock-outs.

And it all leads to increased profit.

Read the full article on how to “get it right” here.

Part 3: Hidden Costs of Inventory Spreadsheets

Who doesn’t love Excel? It’s inexpensive and easy to use. But when it comes to managing inventory, it’s not the right tool for the job.

In this 6 minute video, Russ and Steve expose some of the hidden costs lurking in your inventory spreadsheets, and how using tools designed for Sage 100 users can help you avoid the risks of spreadsheet inaccuracies.

Read the full article and watch “The Hidden Costs of Inventory Spreadsheets” here.

Watch here on the Schulz Consulting blog for parts 4 – 6 coming soon!

Want to learn more about the tools discussed in these tips? Visit scanforce.com or inventoryadvisor.co

Sage Inventory Advisor Webinars: August 14, 2013 and August 28, 2013

August 7, 2013 by Wayne Schulz

Introducing Sage Inventory Advisor – Put Sales, Purchasing, and Supply Chain Data to Work

August 14 @ 11 a.m. PT / 2 p.m. ET
August 28 @ 1 p.m. PT / 4 p.m. ET

Sage Inventory Advisor puts sales, purchasing, and supply chain data to work to provide intelligent and actionable information. SIA integrates with Sage ERP solutions and analyzes inventory data to identify where the biggest improvements can be made, produce quality forecasts, and suggest optimal replenishment recommendations. SIA:

Extracts actionable intelligence from all of your historic data and slashes time spent demand forecasting by up to 50%.
Reduces stock-outs, so you can keep orders filled and customers coming back.
Reduces your capital investment in stock by up to 20%.
Increases liquidity by freeing up cash otherwise tied up in stock overages.