Easy (and accurate) inbound and outbound inventory management with Outbound Inventory Management

Does your company need to significantly reduce the complexity of its entire management? Then you need to know about Outbound Inventory Management, an essential tool for those who manufacture products and distribute consumer goods. Do you know why? Outbound Inventory Management’s functionalities help with stock management and the consignment cycle, reducing customer waiting times and improving replenishment forecasts.

With this complete optimization, customer loyalty and profit generation for the company are enhanced.

Integration with JDE EnterpriseOne’s order-to-cash business process

The digital transformation has required companies to invest in continuous innovation, adopting the new resources that have emerged on the market in order to meet the needs of their specific business model – adding value to the company by modernizing its processes.

And that’s where JDE EnterpriseOne comes in, as it brings benefits and opportunities with access to new features, helping productivity and end-user engagement with a modern experience.

Continuous adoption

Oracle’s out-of-the-box solution, Outbound Inventory Management is available in 9.1 and 9.2 applications. The system is an integral part of supply chain management and order management processes, allowing you to manage both supplier inventory from order to payment. The tool also makes it possible to manage stock at your customers’ sites, reducing costs, increasing sales (and profitability), as well as improving collaboration between suppliers and their customers.

Advanced management

Another key point of Outbound Inventory Management is total visibility of all customer orders. From the type of product to the impact on stock, the tool allows you to manage the sales price, market price and percentage differences for each item.

What’s more, your company has full support for all sales channels through a simple system and a unified dashboard. You can also track orders in real time, which allows you to make assertive decisions about any changes as they occur.

For incoming stock, Outbound Inventory Management allows you to work through the automation process or manually, reclassifying the product by weight or percentage to prepare it for issue. Another advantage is that stock packages can be created and tracked by barcode and added to issue tickets during your sale.

In other words, all shipments made and items received are tracked automatically. This way, you can see the details of each shipment, including the time of the order, the freight provider and the cost of the shipment. A lot of advantages, isn’t it?

In short, Outbound Inventory Management establishes contracts, sends out stocks, monitors usage, consumption and replenishes stock, as well as invoicing the customer’s consumption – enabling cohesion between suppliers and customers.

Do you want to know how to have an improved forecast to trigger replenishments for effective demand planning, boosting profit generation for the company? Get in touch with Go On’s consultants and find out more about managing the stock cycle from entry to exit.