TrueCommerce Announces Vendor Managed Inventory Updates to Enhance Order Accuracy and Visibility Within the Supply Chain
2024年7月30日 - 9:51PM
TrueCommerce, a global provider of supply chain and trading partner
connectivity, integration, and omnichannel solutions, today
announced key updates to its Vendor Managed Inventory (VMI)
solution. The enhancements rolled out globally will help
manufacturers across various industries like consumer packaged
goods (CPG), retail, and industrial wholesale products to better
manage inventory to their distribution network, giving suppliers
and distributors more accuracy and visibility into their ordering
process.
Supply chain delays continue to be a top business challenge in
2024, with organizations citing the need for real-time information
exchange, visibility into business processes, and eliminating
manual processes. As businesses expand their operations and join
forces to efficiently get items to their destination, VMI solutions
fortify the global network with accurate data, deep visibility, and
resiliency, preventing overstock and understock scenarios and
mitigating delays.
“By leveraging these enhancements, our customers are better
enabled to predict optimal stock levels; we are empowering
suppliers and distributors to make smarter, data-driven decisions
that reduce costs and improve product availability across their
networks,” said Lee Kimball, TrueCommerce Senior Vice President and
General Manager, VMI solutions. “These new updates are designed to
provide flexibility and unparalleled collaboration within inventory
management processes.”
The TrueCommerce VMI solution updates include:
- Automated Planner -
Customers work with TrueCommerce to configure a workflow of
decisions and actions that automate worksheet review tasks to
improve consistency and efficiency in reviewing and launching
orders. The enhanced worksheet review and launch activities
result in a more efficient and consistent system for automating
order reviews and launches.
- Lot/Batch
Management—The updated lot/batch management system
improves visibility for suppliers and distributors. It helps track
the location and freshness of perishable goods and enables users to
see batch expiration dates. This triggers alerts for items that
won't sell before expiring. As a result, suppliers and distributors
can collaborate and manage expiration dates on shipments,
preventing products from expiring before reaching shelves and
reducing waste.
- Transport
Efficiency—TrueCommerce’s native truck building
functionality can now support mixed pallets and loose case floor
position assignments. This functionality determines how a full
pallet of an item can be stacked with another item to fill a floor
position. This improves truckload strategy and decreases
transportation costs.
- Future Demand-Driven
Replenishment - The Advanced Demand Forecasting
capability uses a sell-through forecast signal to drive
replenishment planning and decisions. New functionalities include:
- Daily Sell-Through Forecast
Generation: By generating a daily sell-through forecast based on
sales profiles, the system can more accurately predict demand. This
prediction helps in setting more precise order points.
- Economic Order Quantity (EOQ): Using
EOQ to influence ordering increments ensures that orders are placed
in economically optimal quantities, balancing ordering costs with
holding costs.
- Safety Stock Options: Enhanced
safety stock options ensure that inventory levels are sufficient to
meet demand even if forecasts are inaccurate. By setting more
precise order points, stockouts and overstock situations can be
avoided and optimal inventory levels can be maintained.
- Future Out-of-Stock and Overstock
Reporting: Future-looking reports on potential out-of-stock and
overstock situations allow for proactive inventory management. The
enhanced safety stock options contribute to these reports by
providing insights into when order points need to be adjusted to
prevent these issues.
- External Forecast
Integration - Users can view and compare worksheet
proposals side-by-side to help decide whether to use the system
forecast or the external forecast as the driver, streamlining the
inventory management decision-making process.
TrueCommerce's VMI solution enables seamless sharing of
inventory data among supply chain partners, fostering a lean,
demand-driven supply chain. It enhances forecasting, shipment
optimization, and in-stock rates by leveraging real-time visibility
into product movements and customer needs. By automating key sales
activities, it helps manufacturers optimize inventory and create
recurring revenue streams. These key updates serve as cost-saving
measures and decrease the time spent managing orders, equipping
businesses with the most accurate and up-to-date supply chain
operation.
Additional updates to the TrueCommerce VMI solution will be
announced later this year. TrueCommerce is currently working on
using machine learning to analyze sales history and cluster items
into sales profiles, creating dashboards for better business
analysis, incorporating future orders into the system, and creating
a distributor portal to enhance collaboration. For more
information, visit https://www.truecommerce.com/solutions/vmi/.
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About TrueCommerce
At TrueCommerce, we empower businesses to improve their supply
chain performance and drive better business outcomes. Through a
single connection to our high-performance global supply chain
network, businesses receive more than just EDI, they get access to
a fully integrated network that connects their customers,
suppliers, logistics partners and internal systems. Our
cloud-based, fully managed services help businesses achieve
end-to-end supply chain management, streamlined delivery, and
simplified operations. With 25+ years of expertise and trusted
partnership, TrueCommerce helps businesses reach their true supply
chain potential today while preparing them for the future with our
integration-agnostic network. That’s why thousands of
companies—from SMBs to the global Fortune 100, across various
industries—rely on us. To learn more, visit
www.truecommerce.com.
TrueCommerce is a trademark of True Commerce, Inc. All other
trademarks are property of their respective owners.
Media Contact
Tara Lefave Stred
truecommerce@threeringsinc.com