Introducing Sage Inventory Advisor
We recently saw the introduction of Sage Inventory Advisor – an affordable cloud-based application that is helping companies reduce excess inventory and working capital while eliminating stock-outs. Let’s take a closer look at this new and unique add-on solution for your Sage ERP system (available for Sage 100 ERP, Sage 500 ERP, and Sage ERP X3).
What is Sage Inventory Advisor?
Sage Inventory Advisor is a web-based application that seamlessly connects to your Sage ERP database, crunches the numbers, and delivers a real-time health-check on your inventory. Leveraging the power of a sophisticated forecast engine, it delivers data and insight that helps determine the optimal investment required to achieve target fill rates.
Decision-Making Tools and Monitoring
The web-based dashboard provides a concise graphical snapshot that displays key performance indicators (KPIs) so you can quickly identify problem SKUs and then drill into the underlying data for deeper insight. Sage Inventory Advisor will also monitor inventory status and provide early warning for critical items such as inventory out of stock or near out of stock as well as excess and surplus orders.
You also benefit from other important data like supplier performance tracking, order scheduling so you know what to order and when,
and order management to review and amend existing orders.
Track inventory performance and problem SKUs with the interactive dashboard, including ability to drilldown to detailed transactions.
The Business Benefits
Some of the benefits of Sage Inventory Advisor include:
- Reduce excess inventory and carrying costs
- Free up cash that’s tied up in inventory
- Improve fill rates and eliminate stock-outs
- Reduce time spent crunching numbers and forecasting
- Cloud-based application that’s up and running in just a few hours with no hardware installation
Complements Your Sage ERP System
It’s important to note that Sage Inventory Advisor does not replace your existing inventory module which is used to drive and manage day-to-day inventory transactions. Instead, it complements your existing functionality, adding advanced forecasting and planning features that work hand-in-hand with the supplier, inventory, sales, purchasing, and other information stored in your Sage ERP system.
Sage Inventory Advisor is offered as a monthly subscription service with the monthly rate determined by the number of SKULs.
See it in Action (Video)
Take a look at the recording of a recent live webcast that demonstrates the features, capabilities, and benefits of Sage Inventory Advisor.
Click below and see how Hubert Glass Oil saved $300,000 in 5 months using Sage Inventory Advisor.