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WONEX.com

Inventory & Consignment

INHX

NETWORK STOCK VISIBILITY

  • Real time visibility of stock levels across the chain: multi-location multiparty multilevel
  • Stock listing of SKU-wise quantity with easy excel download and upload
  • Simple typing filters on every column to query easily
  • Tagged by ownership to track inventory consigned to 3rd parties - Track even multilevel consignment - from A to B to C to D to…

 

MONITOR EXPIRED AND NEAR-EXPIRY STOCK

  • Besides listing and live queries, auto-alerts highlight stock rows for expired or near-expiry stock at the time of pick slip generation - cautions and aids decision making
  • Real-time visibility of this across the multiparty multilevel chain helps reduce overall incidence and hence save from the bottom-line impact of the same

 

MULTI-LOCATION TRANSFERS

  • Transfer request: processed in the same manner as other orders within the stocking locations - this includes setup to enable transfer to/from CFA/CSA locations (Carrying and Forwarding Agent/ Consignee Selling Agent) or other such models provided under 3PL arrangements
  • Transfer shipment is processed the same manner too with all controls around plan, pick, pack and ship - and as needed maintaining all meta-data
  • Taxation related to transfers is appropriately configurable as per jurisdictional applicability

 

THIRD PARTY CONSIGNMENT: TRACK STOCK CUSTODY BY OWNERSHIP

  • Consignment is becoming increasingly important for variety of scenarios to leverage capital cost arbitrage between the principal and resellers; for sale on approval basis; sale on consumption basis; keeping stock in retail display; stocking close to market for service levels and many more
  • HX enables you to handle consignment and to balance the related exposures with real-time visibility, shared workflows and robust controls
  • Consignment request: processed in the same manner as other orders with a setting that it is a non-sale supply (hence no revenue booked)
  • Consignment shipment is processed the same manner too with all controls around plan, pick, pack and ship - and as needed maintaining all meta-data
  • Consumption based invoicing: Workflow for billing without supply i.e. transfer of title in goods for those supplied on consignment
  • Taxation related to consignment is appropriately configurable as per jurisdictional applicability

 

DEFINE MIN-MAX AT CHANNEL LOCATIONS

  • HX enables you to set min-max levels for every channel location in your network and instantly draw comparison sheets
  • Highly useful to monitor stock levels needed to maintain service levels, reliability to deliver to uphold customer confidence and avoid loss of revenue while conserving on working capital costs associated with inventory holding

 

ACTIVATE SPEEDY REPLENISHMENT TO AVOID LOSS OF REVENUE

  • Speedy reorder to keep SKUs available
  • Speedy Replenishments to Maintain Stock Availability
  • Limited units in stock owing to unpredictable demand; and to optimize inventory holding and storage-/shelf-space
  • What is visible and available sells: fickle customer loyalty + impatient demand + perishable opportunity to sell
  • Reorder delays are common: mostly contingent on next sales call/visit. One platform offers real time info for faster response