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BI creates synergy between purchase and stock
Purchase and stock are inseparable elements. When your purchase matches your stock, you are sure to have the right number of items in stock, you have overview of the stock, and you do not spend unnecessary time on stock management.
At the same time, you can avoid challenges of high stock value, dead goods in stock, increase in the number of back orders, and lacking focus on order cost.
InfoSuite Business intelligence helps use create this synergy, which requires both overview of supplier relations and management of stock as well as movements. Your historic data will provide you with the answer to consistency of supply from your suppliers to the optimal stock level of your items. These data will also help you understand the underlying factors for forecasts.
Stock overview and insight
With the InfoSuite template for Purchase/Stock, you can analyse items and item groups from a number of different perspectives. The analyses will help you with stock management, make sure you have the right stock level, and give you an overview of the rate of turnover, critical stock, and how long your stock will last.
You will also have the insight to administrate items that should be handled differently, depending on consumption pattern, seasonal fluctuations, unit value, collection-based items etc.
The template also includes supplier and purchase analyses that can be used for monitoring the development in prices, simulating renegotiations, and estimating consistency of supply.
The solution will help you to:
Optimise stock
Monitor your stock, provide knowledge of rate of turnover, and make analysis to find the optimal stock.
Control supplier relations
Total overview of quality and consistency of supply from your suppliers and make the most of supplier relations.
Detect deviations
Visual KPIs make it possible to monitor deviations, and the flexible period control lets you predict deviations based on your historic data.
Seven analyses provide 360° overview
What is the InfoSuite templates?
The template makes it easy to start using Business Intelligence.
Our templates include a number of predefined analyses and KPIs, running and ready to receive your data and thus providing you with knowledge about the most important aspects of your business.
We have made data integrations and all the dull processes beforehand, so you do not have to spend time or money developing the analyses from scratch. Consequently, we can make the implementation in a few hours and let you have almost instant access to your analyses.