Sage Inventory Advisor is a relatively new piece of technology that’s changing the way businesses manage their inventory. This cloud-based application delivers tools for advanced inventory planning and forecasting by working hand-in-hand with the data that’s already in your Sage ERP system.
The powerful forecasting engine built into Sage Inventory Advisor crunches the numbers every day in order to deliver the information you need to stock the right amount of inventory, free up capital, place orders on-time, and help reduce or eliminate stock-outs.
Here’s a look at two very important reasons we think that Sage Inventory Advisor is a fantastic complement to your Sage ERP system and a perfect solution for wholesalers, retailers and manufacturers.
Reason #1 – Plug-and-Play, Self-Adjusting Technology
Most inventory management and replenishment systems require quite a bit of analysis at the time of implementation. This analysis can include substantial time spent determining which parameters to apply to various SKU-Locations (SKULs), and then applying them during the configuration and set-up process. And, in many cases, the system will only begin accumulating histories post-implementation.
On the other hand, with Sage Inventory Advisor, no in-house expertise on the subject of inventory management, replenishment, or statistical analysis is required. Sage Inventory Advisor has built-in heuristics to determine the “best fit” amongst 15 statistical methods on a SKUL by SKUL basis, and then applies the discovered method immediately.
What’s more? ... If, at a later date, the heuristics determine that a different method is a better fit for any SKUL, the system will make the switch without any intervention from you. Sage Inventory Advisor is a self-correcting and self-optimizing system.
Reason #2 – It Complements Your Intuition but Doesn't Replace It
Many other sophisticated inventory management systems are either:
- Purchased and never deployed
- Deployed but never used
- Or deployed and “run” but only for the benefit of executives and management
And because these executives and managers have spent hundreds of thousands of dollars on these advanced technologies, it can be very hard to admit that these costly systems have added little real value. In such cases, manufacturing and replenishment operations frequently end up being executed very much the way they were before the system was implemented — based mostly on intuition.
Sage Inventory Advisor gets out of that trap by providing both graphical and supporting data feedback that the users can readily digest and “trust” for rapid and accurate decision-making – even if they don’t necessarily know or understand how all the underlying calculations are working.
The most powerful computing system isn't the one with the fastest CPU, best programming, or most storage capacity.
The most powerful computing system is the one that gets used.
It’s important to note that the system doesn’t really make decisions for you, nor does it pretend to know what to order or when to order it. It only provides feedback to guide your intuition and to support “tribal knowledge” (the combination of intuition and experience in your company) in your work environment.
Sage Inventory Advisor Reporting Dashboard
Is Sage Inventory Advisor Right for You?
Because of its easy implementation, ease of use, and powerful simplicity, Sage Inventory Advisor makes a lot of sense for small to mid-sized businesses that are already using a Sage ERP product.
- Have you tried other “more sophisticated” solutions only to feel that they have been ineffective?
- Have you been struggling to keep up while trying to calculate replenishment in spreadsheets or rely on poor quality applications and home-grown solutions?
- Or do you currently have an inventory control system, but no inventory replenishment automation?
Then Sage Inventory Advisor may be right for you!
As with any inventory management and replenishment system, it’s best to receive a healthy dose of guidance on what it actually takes to improve supply chain performance, if you don’t have the in-house knowledge and skills. Improving your supply chain’s performance may mean changing more than what happens inside the four walls of your warehouse and purchasing department.
See Also: New Sage Inventory Advisor Pricing - Lower Setup Fee!
Want More Info?
Contact the inventory management and supply chain experts at RKL eSolutions for more information on Sage Inventory Advisor.
