Page 21 - Gagnon Freres - STORIS Pricing Guidance 10-24-17_Neat
P. 21

Inventory Management



                                     Optimized Inventory Control






             Overview
             A crucial aspect of growing a successful retail business is
             having control over your inventory. STORIS Inventory
             Management software tracks the performance of each
             piece of inventory using integrated sales data, purchase
             history and supply chain information. Our comprehensive
             combination of inventory tools monitors inventory activity
             from purchase, through the warehouse, showroom floor,
             delivery, and customer service in real time. Optimize your

             inventory control to increase sales and profit.

             Features

                    Just-in-Time Inventory Management - Establish precise on-hand
                    quantities by configurable product and vendor settings to determine
                    when to reserve merchandise based on a customer’s delivery date in order to have that

                    inventory available “just in time.”
                    First In, First Out (FIFO) - Manage age of inventory across your accounting platform to track
                    the cost expense by the oldest pieces of inventory.
                    Inventory Costing - Establish inventory valuations with average, exact, or replacement cost

                    methods using applicable freight and import cost calculations.
                    Stock Adjustments - Update quantity adjustments, product status, pricing, discounting,
                    transfers, write-offs, vendor chargebacks, special order details & more in a single screen.
                    Warehouse Inventory Management - Streamline operations using scheduling tools and
                    location tracking. Automate inventory flow with bin locations, racking dimensions, serial

                    numbers and more.
                    Bar Code Scanning - Integrate with Wifi, RF, and Tethered bar code scanners to streamline
                    receiving, physical inventory, and picking processes.

             Impacts

                    Reduce average age of inventory, increase turn ratio, and increase available cash flow
                    Integrate inventory across omni-channel platforms: brick & mortar, eCommerce, and mobile

                    Balance on-hand inventory quantities while maintaining ideal levels to meet customer demand
                    Make strategic decisions with real-time quantities of on-hand, net available, as-is & purchased
                    Minimize shrinkage and react to control procedures by analyzing audit trail of piece movement







                        CONFIDENTIAL INFORMATION     |     STORIS, INC     |     1.888.4.STORIS
   16   17   18   19   20   21   22   23   24   25   26