Easy (and accurate) inbound and outbound inventory management available with Outbound Inventory Management
Does your company need to dramatically reduce the complexity of your entire management? Then you need to know about Outbound Inventory Management, an essential tool for those who manufacture products and distribute consumer goods. Do you know why? The features of Outbound Inventory Management assists in inventory and consignment cycle management, reducing customer waiting time and improving replenishment forecasting.
This full optimization enhances customer loyalty and profit generation for the company.
Integration into the JDE EnterpriseOne business process: from order-to-payment
Digital transformation has required companies to invest in continuous innovation, adopting new capabilities that have emerged in the market to meet the needs of their specific business model - adding value to the enterprise by modernizing their processes.
And that's where JDE EnterpriseOne comes in, as it brings benefits and opportunities with access to new features, helping productivity and end-user engagement with a modern experience.
Ongoing Adoption
Oracle's out-of-the-box solution, Outbound Inventory Management is available in 9.1 and 9.2 applications. The system is an integral part of supply chain management and order management processes, enabling management of both supplier inventory from order to payment. The tool also enables you to manage inventory at your customers' locations, reducing costs, increasing sales (and profitability), and improving collaboration between suppliers and their customers.
Advanced Management
Another key point of Outbound Inventory Management is full visibility into all customer orders. From product type to inventory impact, the tool enables you to manage the sales price, market price, and percentage differences for each commodity.
In addition, your company has full support for all sales channels through a simple system and a unified dashboard. You can also track orders in real time, allowing you to make assertive decisions about any changes as they occur.
For inbound inventory, Outbound Inventory Management allows you to work through the automation process or manually reclassify product by weight or by percentage and prepare it for issue. Another advantage is that inventory packages can be created and tracked by barcode and added to outbound tickets during your sale.
In other words, all shipments made and items received are automatically tracked. So you can see the details of each shipment, including the time of the order, the freight provider, and the cost of the shipment. A lot of advantages, isn't it?
In summary, Outbound Inventory Management establishes contracts, ships inventory, monitors usage, consumption, and replenishes inventory, and invoices customer consumption - enabling cohesion between suppliers and customers.
Want to know how to have an improved forecast for triggering replenishments to have an effective demand planning, enhancing profit generation for the company? Contact Go On's consultants and get the details on managing the inventory cycle from input to output.
