Inventory is the lifeblood, and the curse, of every distributor and manufacturer. StockIQ helps you make sure you know what you have, and make sure you have the right inventory in the right place
Proactive planning with real-time visibility revolutionizes how clients see plans, and forecasts inventory. StockIQ's increasingly popular and automated Inventory ALERT Tool includes the following:
Current Excess Alerts
The Current Excess Alert will notify you when various items are in excess. The goal is to help identify, in an automated way, exactly how many days worth of excess an item has.
Item Site Service Level Alerts
The Item Site Service Level Alert will notify you when item-sites are above or below their target service level. The goal is to help identify, in an automated way, when item-sites are not meeting their target service levels.
New Item Alerts
The will notify you when new items are in excess and may need new manual forecasts or when new items currently have no manual forecast. The goal is to help identify, in an automated way, how new items should be managed/adjusted within StockIQ.
Stock-Out Alerts
The will notify you if stock-out items have open demand, and additionally, if there is open supply to fulfill that demand. The goal is to help identify, in an automated way, if additional supply planning needs to occur in order to fulfill open demand for out of stock items.
Dead Stock Alerts
The Dead Stock Alert will notify you when dead stock has surpassed a pre-set balance or number of units. The goal is to help identify, in an automated way, when you have large amounts of dead stock for different items in your inventory.
Slow Movers Alert
The Slow Movers Alert will notify you when slow moving items have met pre-determined warning levels. The goal is to help identify, in an automated way, when you have large amounts of slow moving items in your inventory.
Safety Stock Alerts
The Safety Stock Alert will notify you when either the difference between the active safety stock and the statistical safety stock is greater than the minimum units variance, or when the difference between the active safety stock value and the statistical safety stock value is greater than the minimum value variance. The goal is to help identify, in an automated way, the items that have too much or not enough safety stock.
Inventory Expiration Alerts
The Inventory Expiration Alert will notify you when expiration dates for items are coming up. The goal is to help identify, in an automated way, exactly how long items have before they expire.
StockIQ delivers world-class to companies across the globe. Our integration-friendly plugs-and-plays with virtually all leading ERPs and WMS solutions on the market. With custom-coded dashboards and plenty of niche insights, StockIQ delivers value across your business architecture. to learn more.
For the Manufacturing & supply chain industries, inventory management is important and crucial. Most of the organizations trying to sort the issues in inventory like real-time alerts and stock alerts weekly and daily reports for further plans.
Indeed, inventory management is crucial to maintaining service and fill rates. This is especially critical in today’s environment. The supply disruptions faced by a large majority of distributors and manufacturers is cause for concern. Alerts help to focus demand and supply planners on top priority issues among a sea of issues.