AXLE Inventory Control:

Transcription

1 AXLE Inventory Control: Version Number: 1.00 Released:

2 Table of Contents Axle Inventory Control... 3 Axle Inventory Control is an enterprise application software for businesses ranging from single-site to multi-national organisation. Axle Inventory Control helps people and enterprises run their businesses more efficiently, providing insight into their business data, by turning it into meaningful information, and empowering people with tools and methodologies to better manage and understand their business What Makes Axle Control different... 3 Merchandising process... 3 Axle addresses many aspects of Inventory Control including:... 3 Solutions... 5 Catalogue Management... 5 Price Management... 6 Range Management... 6 Planning... 6 Product Planning... 6 Optimize Every Sales Channel... 7 Get the Right Mix... 7 Replenishment... 7 Buy at the Right Time... 7 Procurement... 7 Purchasing... 7 Supplier Management... 8 Storing and Warehousing... 8 Warehouse Management... 9 Stock Receipting... 9 Sales Sales Orders Distribution Analytics Financials Contact Detail... 12

3 Axle Inventory Control Axle Inventory Control, a South African development, has been in operation since 1999 and is focused on developing, testing and supporting enterprise software for the retail, wholesale and distribution industries this covers many verticals such as specialty, convenience stores and Jewellery Retailers both locally and in Africa. Axle Inventory Control is an enterprise application software for businesses ranging from singlesite to multi-national organisation. Axle Inventory Control helps people and enterprises run their businesses more efficiently, providing insight into their business data, by turning it into meaningful information, and empowering people with tools and methodologies to better manage and understand their business. What Makes Axle Control different Axle is a merchandising system geared towards the professional Retailer wanting to implement a cost effective solution that is focused on the retail and distribution market. A solution that goes beyond inventory control with all important aspects such as planning, distribution, warehousing and analytics. Axle offers a streamlined system, which is easy to implement, easy to use and less expensive than many other systems to maintain. Implementation is fast, methodical based on good design practices and ultimately offers a fast turnaround from purchase to deployment. Axle Inventory Control distinguishes itself with the speed and quality of information it delivers. Merchandising process Axle addresses a core need of business, the need to manage inventory through the product cycle,: Decision to procure Costing Buying Receiving Pricing Storing Distribution Selling Analysis of results Axle addresses many aspects of Inventory Control including: 1. Financial:

4 Limit cost of procurement and warehousing Save money on support staff when expanding business Maintain margin Increase return on capital 2. Functional: Accurately track inventory through the business cycle Easy access to data Quick feedback, creating the next report downstream, while capturing data The full picture, down to granular level of inventory Information rich analytical tools Efficient margin management Early warning of negative incidents or trends and Immediately pinpointing stock loss and pilfering Elimination of human error in reporting Avoiding duplication, misinterpretation and conflicting views of data Allowing different divisions in the organisations to have the same view of the truth flexibility when expanding A stable, reliable system with the maximum of uptime Axle offers customers Peace of mind by providing a system that will support organisations in an ordered and manageable operation. Our customers benefit financially: Through better prevention of loss of inventory Faster turnaround time of inventory Improved management of margin Accurate information leading to increased revenue, increased margin and increased profits These result in higher return on capital Our customers benefit through better decision making: Axle offers analytical tools for quicker and better decision making through up to date and accurate information Superior information on both panoramic and granular scales leads to better insight in market trends and business conditions. The final outcome is an information rich, more powerful and reliable, analytical system at a lower cost of ownership over time Our customers experience added value through time saved: Typically Axle is implemented in 50% less time than our competitors Change management is shortened and eased through the easy use of the system resulting in shortened training times. Our clients experience minimum down time - our customers are offered personal, committed 24/7/365 service

5 Solutions Wholesalers, distributors and retailers all have most of their capital tied up in inventory. Too much inventory impedes cash flow and reduces the opportunity to use those funds for a better moving product. Too little inventory can result in decreased sales and customer satisfaction. Many businesses rely on best guesses when it comes to predicting what inventory they need and just hope for the best. Axle Inventory Control goes far beyond the standard systems by managing all of the transactions in detail and reporting on a variety of cross sections touching the movement and margin of inventory. This combination of data and process management provides one of the most robust solutions in the market today providing you time-critical information from the time you think of buying inventory through to analyzing the subsequent sales and subsequent replenishment needs. The information provided will allow you to maximize your inventory investment while minimizing your cash outlay and enjoy increased margins. Catalogue Management Axle Inventory control manages your product information providing the foundation for a flexible system that caters to most of the business processes found within the wholesaler, distributor and retailer. Major features include: External inventory sold to wholesalers, business and retail customers Internal inventory consumed by the business User-definable attributes (sizes, types, colours, dimensions, etc.) Barcode types Consignment items Custom products Service-type products Expiry dates Multiple tax types Multiple units of measure Packs (many products assembled into one) Production/purchase lead days Purchase price beaks Re-order levels Serialised products Shelf life Standard replenishment products User-definable status Primary and alternate suppliers Primary and alternative barcodes Images

6 Price Management Selling Price management includes: Multiple customer price versions Multiple date and time selling price versions Multiple locations Special/Promotional price versions by single or multiple locations Promotion management including all standard types condition/reward types Promotion management is applicable to a single location or a range of locations and is time and date sensitive Multiple promotions can be handled simultaneously Margin management by location, range or product groups Supplier Cost management includes: Multiple supplier cost versions Rebates with min/max thresholds Date and time sensitive for advance loading Inventory Control provides advanced pricing control at both the cost and selling levels to maximize the margins while allowing the control needed to balance the inventory against expected profit at the selling locations. Both Cost and Selling Prices can be loaded via Axle s import functionality. Range Management Axle Inventory Control includes powerful Range Management capabilities, which allow for product control by category. The customer is at the heart of Range Management. The range must provide the customer with the products they are looking for at the right price and be on the shelf when they want to buy them. Axle s Range Management is fully integrated into all the Axle Inventory Control s Replenishment allowing for the branches that sell and make the most to receive the priority stock. Axle s Range Management will provide an invaluable insight for enterprises requiring range controls across multiple companies, branches, regions, and brands. Planning Product Planning Axle Inventory Control (Axle) assist with planning by providing open to buy functionality enabling retailers to manage buying budgets. By adopting this our customers are ideally placed to maximize profits and adapt quickly to changing market conditions.

7 Optimize Every Sales Channel Axle empowers you with the ability to consolidate branch information at head office without any recapturing or reconciliation, which means that open to buy is updated from a single source, providing top management with the tools they need to make profitable decisions. Management can now create long-term, companywide and/or channel-specific strategic plans using quantitative performance measures such as market share, sales growth, and overall profitability targets. Get the Right Mix Today s retailers need to manage thousands of products. Axle helps ensure that the right products are in the right stores at the right time, and at the right price. This means anticipating what your customers are looking for by using stock re-order helping to build a product mix that attracts customers. Axle includes powerful, yet easy-to-use functions for product attributes, according to regional, demographic, capacity, and price variations. Replenishment Buy at the Right Time Optimizing inventory levels at stores and distribution centres are necessary for removing excess costs from the Customer-Driven Value Chain. In order to more effectively invest in inventory, customers must be able operate effective inventory management. Axle replenishment helps retailers increase revenue and ensure high levels of customer satisfaction by sustaining this balance. By providing accurate visibility into the warehouse, Axle helps buyers to create accurate forecasted demand and order projections. Axle replenishment is a true inventory management solution involving scientific and statistical evaluations of each of the numerous variables involved in making a buying decision. Axle weighs for each SKU every factor for each store demand, order frequency, lead times, vendor minimums, vendor discounts, and service levels and recommends the best action based on the most desired result - profitability. Procurement Purchasing Axle Inventory Control contains a robust Purchasing module which will fulfil to all the needs of a single site distributor/wholesaler and to the multi-branch enterprise. Real-time, the Purchase orders are fully integrated into the remaining Axle modules and processes. Some of the major features include:

8 Automatic generation from stock requirement allocations Local branch purchase orders Consolidated purchase orders Distribution purchase orders Multiple brand, and currencies Authorisations Automated requisitioning Alternate suppliers Calculated quantity to replenish products based on analytics (sales, lead days, mins, maxes, in-transit, stock in each location) Replenishment direct to branches or warehouse/dc Back order management Partial shipments Direct delivery to customer/branch Consignment orders Supplier returns Supplier lead time based due dates Supplier Management The Procurement module includes functionality to manage the Supplier data and is fully integrated into all the other Axle processes. Major features include: Cost centre assignment Primary buyer assignment Multiple currencies Credit terms (user definable) Cost tables/versions Status determination Distribution type Lead times Contract terms Replenishment supplier Rebate management Statutory requirements Banking details Ratings (user definable) Settlement and Trade discounts Storing and Warehousing The Storing and Warehousing functionality includes all the requisite features to manage receipting and storage of product inventory providing for excellent control on inventory received. All the features of Storing and Warehousing are available at every location where inventory is retained whether a DC, warehouse or branch.

9 Warehouse Management All fields are barcode enabled Create own barcodes according to setup rules, including weight based and price embedded Inventory counts Serial, batch number and expiry dates tracking Introduction period tracking Accurate knowledge of inventory status at store, branch and regional levels and the ability to initiate Inter-Branch Transfers, Bin Moves and stock adjustments Distinguishing between stock on hand and stock on order when analyzing the availability of stock Consignment stock held internally or by representatives Unit of measure conversion Real-time stock in transit control between branches In and outbound process tracking of all documents related to the movement of goods Bin types available including Virtual on Order, Holding, Bonded and Virtual on Hand Stock Receipting Receipting from single or consolidated purchase orders is a critical function which Axle Inventory Control provides for in detail. The receipting process includes the following features and functionality: Real-time batch receipting Record of all delivery details Entry of BoE and comments Receipting to multiple/split bins Multiple Bin distribution Pack, bundle receipting Forex conversion FIFO, LIFO, Ave. weighted costing Multi ad-hoc supplier costs Landed unit costing Serial number entry (batch or single) Automatic order allocation Automatic liability creation Supplier invoice entry

10 Sales Axle Inventory Control includes specific sales functionality for the wholesaler/distributor, and the retailer. Sales Orders Whether you are a single site, or a multi-branch organization with multiple sales order desks, direct Sales orders support the sales cycle from initial enquiry through quotation to order placement. Sales Orders are fully integrated to the procurement and other Axle inventory management processes, including: FIFO or user-definable stock allocation Account customers Multi-currency Quotations Pre-order allocation Serial number tracking Time, branch and region based specials Margin management Action-based authorizations Automatic creation of picking, packing, and shipping documents Back orders Sales associate commissions Recognizing that in many organizations, customers will have different and distinct prices, Sales Orders are fully integrated to Price Management providing flexibility to offer the customer the discounts on part or all of you catalogue. Sales Order Reporting is fully incorporated into Analytics to provide you the summary and granular detail ensuring instant measurement of margins, volumes and stock status. Distribution Axle Inventory Control includes extensive distribution functionality to cater to the varied needs of the wholesaler, distributor, and the retailer. Distribution, fully integrated as part of the total Axle solution, provides the efficiency and control to ensure products are delivered to right place in time for the need. Distribution caters to: Drop shipments direct from suppliers Inter branch transfers Return to suppliers Stock/Goods in transit

11 Freight management RFID scanner interface Analytics Wholesalers, distributors and retailers all have most of their capital tied up in inventory. Too much inventory impedes cash flow and reduces the opportunity to use those funds for a better moving product. Too little inventory can result in decreased sales and customer satisfaction. Many businesses rely on guesses when it comes to predicting what inventory they need and just hope for the best. Axle Inventory Control Analytics goes far beyond the standard systems by reporting on a variety of cross sections touching the inventory. The entire Axle solution is actually a data warehouse upon which BI tools have been incorporated. Axle also includes build-in reporting tool for those organizations with the in-house skill sets to create custom reports. Axle Inventory Control Analytical will not only help you determine the level of product required, but also balance the levels against the margins of each product to assist you in correctly ordering the quantities that will add the most to your bottom line. Axle Inventory Control Analytics helps employees make faster and better informed decisions by providing them with real-time insight into business data. The result: increased productivity and maximization of your inventory investment. Major features include: Transaction level view with multiple standard reports by variable Sales and stock analysis Multi variable reporting (by invoice, margin, location, business) Combined transaction and analytics data warehouse Product/Category summary by Monthly, weekly, margin and Supplier Inventory ageing by location, supplier, group and product Inventory analysis by top/worst turnover/quantity by branch, region, group, supplier, etc. Product analysis by product, category level, top level Margin analysis by company, region branch, supplier, category, style, product Year over year (52 week) analysis by company, region branch, supplier, category, style, product Standard pre configured enquiry screens are included covering most, if not all, the metrics and KPI s that are required. Axle will further customize screens should there be special industry specific information needed to be pulled from the data-optimisation tools can easily be incorporated in the solution. Financials Axle will interface with most financial systems available in the market today.

12 Axle does have an optional Finance module, which is fully integrated into all parts of the system creating seamless financial reporting across all the entire business and includes: Live financials No batch posting/reposting of data Full general ledger Multi-company, multi division, multi-brand, multi-location, multi-currency reporting Accounts payable Accounts receivable Cash book Auto bank recons/payment allocations General ledger Human resources Fixed asset management Multiple variable reporting calendars Standard financial ratios IFRS reporting For more information: End2End Retail Techology Solutions, sole distributor of Axle Control, is a privately owned independent retail solutions company with many years experience in delivering successful retail solutions. We offer software solutions for stores and also loss prevention. These are supported by services in terms of consultation, business analysis, development, implementation, training (including classroom and on-site) and on-going support. Any development required to meet specific requirements including integration, is carried out by our local development team, saving both time and costs. Contact Detail End2end Retail Technology Solutions (Pty) Ltd Futurum Office Park Cnr Lenchen Rd North and Jean Avenue Centurion 0046 South Africa info@end2end.co.za Tel: Office: +(27) (0) /1180