in: Sage 300 ERP Updates, Company News
We recently saw the introduction of Sage Inventory Advisor – affordable cloud-based software that’s helping companies reduce excess inventory and working capital while eliminating stock-outs. Let’s take a closer look at this new and unique add-on solution for your Sage 300 ERP system.
What is Sage Inventory Advisor?
Sage Inventory Advisor is a web-based application that connects to your Sage 300 ERP system, crunches the numbers, and delivers a real-time health-check on your inventory. Leveraging the power of a sophisticated forecast engine, it delivers data and insight that helps determine the optimal investment required to achieve target fill rates.
Decision-Making Tools and Monitoring
The graphical, web-based dashboard displays key performance indicators (KPIs) so you can quickly identify problem SKUs and then drill into the underlying data for deeper insight. Sage Inventory Advisor will also monitor inventory status and provide early warning for critical items such as inventory out of stock, or near out of stock, as well as excess and surplus orders.
You also benefit from features like supplier performance tracking, order scheduling so you know when and what to order, and order management to review and amend existing orders.
The Business Benefits
Benefits of Sage Inventory Advisor include:
- Reduce excess inventory and carrying costs
- Free up cash that’s tied up in inventory
- Improve fill rates and eliminate stock-outs
- Reduce time spent crunching numbers and forecasting
- Cloud-based software that’s up and running in just a few hours with no hardware installation
Complements Your Sage 300 ERP System
It’s important to note that Sage Inventory Advisor does not replace your existing inventory module which is used to manage day-to-day inventory transactions. Instead, it complements your existing functionality, adding advanced forecasting and planning features that work hand-in-hand with the supplier, inventory, sales, and purchasing information in your Sage 300 ERP database.
Sage Inventory Advisor is offered as a monthly subscription service with the monthly rate determined by the number of SKU Locations. Contact us if you’d like to learn more.
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