TrulinX ERP Inventory Management System for Industrial Distributors
Inventory is one of the most crucial aspects of any business – and oftentimes can be one of the most challenging areas for industrial distributors to manage. This means that distributors must understand customer demand to forecast sales all while factoring in costs, lead times, and other elements that are involved with managing inventory.
To improve warehouse visibility and efficiency, you’ll need a sophisticated software system to manage it all. TrulinX is an industry-leading ERP distribution management software that was made with your unique inventory management needs in mind.
The TrulinX inventory management module provides complete visibility company-wide on all your items, enabling you to see open orders, available products at branches, pending purchase orders, item transaction history, quantity in external fabrication, and more.
Improve Visibility with TrulinX ERP Inventory Management System
Within the TrulinX inventory management module, you can seamlessly group your items or product lines – allowing you to manage them differently. For optimal inventory management, each group can have its own buying parameters, demand calculation, lead time calculation, and safety stock calculation.
TrulinX offers several industry-standard calculation methods, including:
TrulinX ERP inventory system allows distributors to calculate the minimum stocking levels and maximum buy quantities on various items – empowering you to keep costs down on items that might not be performing as well. Our buy methods range from high flexibility (Min/Max) to more controlled (EOQ and Target Turns). You can also choose the “Order Up To” method to minimize inventory levels for items that don’t have a high level of demand performance, but still meet customer demand with added safety.
It’s crucial for distributors to understand how long a shipment will take to reach your inventory. For more accurate lead time estimates, TrulinX offers two calculation methods: Exponential Smoothing and Rolling Period Average.
Each method allows you to be able to determine which receipts should affect new lead times and filter out any unusual lead time situations.
Industrial distributors must be able to understand fluctuating customer demand and respond quickly to changes. Using Exponential Smoothing and/or Rolling Period Average demand calculation methods, TrulinX enables you to not only view current and historical levels each month, but also filter out abnormally high demand to prevent unusual situations from affecting your projections.
Benefits of TrulinX ERP Inventory Management System
Reduce Excess Inventory and Stockouts
Maintaining the right amount of inventory to support service levels can be a careful balancing act for many industrial distributors.
TrulinX gives industrial distributors the visibility needed to manage inventory across your organization and gain tighter control of inventory costs. Maintain preferred stocking levels and forecast customer demand automatically within our easy-to-use ERP inventory system.
Deliver Quality Customer Service
Customer service reps (CSRs) need to be able to easily check price and availability of stock in any location in real time. This becomes challenging when parts are misplaced or out of stock and lead times are unclear.
That’s where the TrulinX ERP inventory management module enables CSRs to easily source items, track delivery, and fulfill orders in a more streamlined process. Doing so will mean spending less time searching shelves and more time interacting with customers. Not to mention, with the greater visibility our software provides, CSRs will easily be able to answer questions regarding pricing and availability on the spot.
The ability to quickly trace products from receipt back through their entire lifecycle is a crucial component of any sophisticated inventory management system. After all, it’s not uncommon for a distributor to have to determine at a moment’s notice which vendor provided you with a product and which customer took delivery of a specific lot or reel.
Within TrulinX ERP inventory management module, your warehouse staff will have the ability to track lots, heats, or batches based on purchase order receipt lines and enter vital information, such as the date received and the lot it belongs to. With just a click of a button, you’ll know where a part or assembly came from, where it is in your warehouse, and/or where it was shipped.
Better Control Your Inventory with TrulinX: ERP Distribution Management Software
Managing your inventory is crucial to the success of your industrial distribution business. TrulinX software gives you the tools to effectively manage your inventory, improve cash flow, maximize returns, and improve your bottom line.
We offer more than just a software package. We value becoming a trusted member of your team! Our US-based in-house support staff provides flexible software support services to answer any question you have and to help keep things running smoothly.
Tribute also offers personalized onsite software implementation and training to help your industrial distribution business set a foundation for success. If you’re ready to discover the TrulinX Difference, fill out a form to request a free demo today!
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