Sage Inventory Advisor -Inventory Optimization Discussion
Russ Graf – VP Sales, North America
NETSTOCK by numbers
– inventory management applications developed and successfully introduced in Australia, South Africa, UK and USA by the Netstock Team
– companies of varying sizes we have worked with – from small businesses to global multi-nationals in almost all industries across countries and continents
– years of perfectly matched experience in inventory management
– Largest number of items processed for a single customer every night
– Offices:
• Denver USA
• Sydney Australia
• Johannesburg South Africa
• Birmingham UK
• Werdohl Germany
3
200+
100+
3.5m
5
What is Sage Inventory Advisor?
Sage Inventory Advisor is an affordable Cloud-based solution that integrates with Sage ERP systems to help you optimize your inventory:
✓ decrease working capital
✓improve customer service
✓save time
Industries – Manufacturing, Distribution, Retail & Mining
Starting at $299 pm
Inventory Problems
Private and confidential
Too much of the wrong
stuff?Still buying more of what doesn't move?
Customers dissatisfied - do not have what they need?
Calculating what to order takes too long?
“We keep stocking out of our keyproducts”
Inventory Management Inventory Replenishment
Forecasting Ordering
Alerts
Responsibility
To have the right stock at the right place at the right time
Inventory Control
Receiving inventory Storing
LabelingCounting (Stock Take)
Responsibility
Manage the physical product
Conventional Wisdom
$Good
Service
Big $ in
Stock
• Sophisticated but easy to use solution
• No new software
• Up and running with little effort – just a few hours of training
• Gets the job done in ⅟10 of the time
What’sNeeded?
$Less Stock Improved Service
How to?
$ $ $
Great
Service
Cloud
SolutionSage Inventory Advisor
Sage Inventory Advisor - Best Practices
InventoryVisibility
Early warning of items needing attention
Potential Stock outs & Surplus orders
Achieve more in less time
Increased Sales
The right stock in the right place at the right time
Optimal ROP and Order-up-to Levels
Helps grow your business
Working Capital
A balanced inventory
Safety Stock set for the correct reasons
Releases cash back into the business
BI Tool Designed To Address Two Questions
Product Importance
Forecasts
Inventory Advisor
What needs attention today?
What to Order?
Investment & Service
Stock OutsPotential S/O
ExcessSurplus PO
Product ImportanceV
ALU
E o
f m
ove
me
nt
A
B
C
QUANTITY of movement
L M H
Information• Dashboard• Performance metrics• Problem items• Sophisticated forecasts• Recommended orders • Inventory projections• Min/Max levels• Dynamic reporting
How it Works
Inte
rn
et
Inventory Advisor
Uploads Inventory data
automatically extractedfrom ERP system and
sent to SIA
Client Host Machine
Connector
• Sales• Stock on Hand• Warehouses• Suppliers• Purchase Orders• Sales Orders• Bill of materials
Demonstration
• The monthly fee provides for an unlimited number of registered users
• Fees are due monthly in advance with a 5 day notice after initial 4 months
• This is based on the number of Stock Keeping Units at each Location referred to as SKULS
Sage Inventory Advisor – Fee Structure
up to 5,000 SKULS $299
up to 25,000 SKULS $399
up to 50,000 SKULS $499
up to 100,000 SKULS $599
up to 250,000 SKULS $799
above 250,000 SKULS $999
Monthly Fees
Once-off Initiation fee due at time of order (VI required for Sage 100)
Note: The above fees exclude travel related costs and additional consulting time which will be agreed in advance with the customer ahead of being incurred
Example:2,000 items 3 locations= 6,000 SKULS
Includes: Installation, standard customizations, online training, support
$2250
The Big Question
Will I get Return for Money Invested?
•Excesses - Cost of inventory
•Stock outs - Lost sales
•Time saved
Next steps
• To learn more:
• Visit Sage Website
• Register for a webinar
• Talk with Socius
• Talk with Russ