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Sage Inventory Advisor


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Check out these slides to learn how Sage Inventory Advisor helps your Sage ERP solution work smarter by utilizing the data already in your system to reduce stock-outs, excess inventory, and working capital.

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Sage Inventory Advisor

  1. 1. Optimize Inventory Decisions With Sage Inventory Advisor
  2. 2. Housekeeping • 45-minute presentation with Q&A at the end • Type questions into the "question box" to submit them throughout the presentation • We'll send a copy of the deck and recording of the webinar in follow-up emails after the event #LearningWithBrainSell
  3. 3. About BrainSell • Founded in 1994 • Unbiased business consultants • We help companies thrive by solving your business challenges with guidance and technology • ERP, CRM, Marketing Automation, Customer Service, & Business Intelligence #LearningWithBrainSell
  4. 4. Who We Are #LearningWithBrainSell Kellie Pitt BrainSell Brian Savage Sunbeam Tom Wilson Sage Host Presenters
  5. 5. Sage Inventory Advisor Inventory Optimization Tom Wilson – SIA Product Sales Specialist
  6. 6. What is Sage Inventory Advisor? Sage Inventory Advisor (powered by NetStock) is an affordable Cloud-based solution that integrates with Sage ERP systems to help you optimize your inventory:  decrease working capital  improve customer service  save time Industries – Manufacturing, Distribution, Retail & Mining
  7. 7. Basic or Full Basics 100cloud 300cloud ONLY Included in Gold or Platinum Business Care Up to $5m with Gold; Greater $5m requires Platinum Some features removed Central Warehouse BOM & Material Issue Top Off Top Down Forecasting Projections Classification Overrides Multiple Companies and Multiple Databases Full 100, 100cloud, 300, 300cloud, 500, X3 Activation fee and subscription based on value Requires active business care plan 7
  8. 8. Inventory Management Receiving inventory LabelingCounting (Stock Take) Inventory Control Responsibility Manage the physical product Pick/Pack/ship
  9. 9. Inventory Management Receiving inventory LabelingCounting (Stock Take) Inventory Control Responsibility Manage the physical product What should be in stock? When should orders be placed? Given: Demand Lead Time Pick/Pack/ship
  10. 10. Inventory Management Receiving inventory LabelingCounting (Stock Take) Inventory Control Responsibility Manage the physical product stock-outs too many $ in stock time spent Pick/Pack/ship
  11. 11. Inventory Management Inventory Replenishment Responsibility To have the right stock at the right place at the right time Forecasting Ordering Expediting Receiving inventory Pick/Pack/ship LabelingCounting (Stock Take) Inventory Control Responsibility Manage the physical product
  12. 12. 12 Information • Dashboard • Performance metrics • Problem items • Sophisticated forecasts • Recommended orders • Dynamic reporting Sage ERP Internet Uploads Inventory data automatically extracted from the ERP system Inventory Advisor How it Works 12
  13. 13. Designed To Address Two Questions What needs attention today? What to order? Product Importance Forecasts Investment & Service Inventory Advisor 13 13
  14. 14. Sage Inventory Advisor Customer Benefits 2% to 10% improvement in fill rate Stock-Outs  10% to 15% reduction in excess inventory Surplus Stock  Up to 50% reduction in time spent on manual calculations Time Spent 
  15. 15. Pricing  Monthly Fees − The monthly fee provides for an unlimited number of registered users − Fees are due monthly and can be cancelled with a 5 day notice after initial 1 month − Fees have a base fee of $199 plus a monthly usage fee based on Net Business Value of inventory being planned in SIA − One Time Activation Fee of $2250 Inventory Value -$ Monthly Subscription $199.00 Activation Fee $2,250 Total Commitment $2,449.00 Monthly Base Subscription $199 Usage Fee Cost per $250k of Inventory Value (at Month End) Up to $.25M $0.00 up to $1M NBV $22.50 up to $2.5M NBV $18.50 up to $5M NBV $15.50 up to $7.5M NBV $13.00 up to $12.5 NBV $10.00 up to $20M NBV $9.00 over $20M NBV $7.00
  16. 16. Getting going with NETSTOCK Sage Inventory Advisor 5 Onboarding Steps Launch Integrate Refine Train Use Step 1 Step 2 Step 3 Step 4 Step 5 • Establish structure • Identify mods to standard scripts • Create environment • Confirm billing • Remotely connect & automate • Prepare scripts (minor customisations) • Test refresh process • Validate items to ERP • Validate totals to ERP • Add optional fields • Populate optional fields • Identify & purify data anomalies • Refine integration, scripts & configuration • Train: general navigation & system orientation • Train how best to use the application • Q&A: address questions that have arisen • Set appropriate policy • Go live • Transition to support • Hands on ordering review Typical – 2 to 4 Weeks
  17. 17. How Sunbeam Improved Inventory Management With Sage Inventory Advisor
  18. 18. Meet Sunbeam #LearningWithBrainSell • Founded in 1972 • Family-owned business specializing in the needs of the Child Care Industry • Manufacturers include Stauffer’s, Little Debbie, Kellogg’s, Nabisco, ConAgra Foods, and more!
  19. 19. Inventory Management Prior to Sage #LearningWithBrainSell • Acquired Sunbeam in December 2017 • All PO’s built manually • Utilizing Sage 100 with minimum order quantities and maximum stocking level
  20. 20. Key Challenges of Manually Managing Inventory #LearningWithBrainSell • 84% fill rate • Way too many backorders • Too much inventory – too much of the wrong things • Ordering process cumbersome, time consuming and frustrating • Inability to accommodate increased demand from new business
  21. 21. Implementing Sage Inventory Advisor #LearningWithBrainSell • Upgraded from Sage 100 to Sage 100cloud • Full integration with Sage made implementation easy • Training resources including weekly webinars, online chat, resource portal are fantastic for learning functionality
  22. 22. Inventory Management with Sage Inventory Advisor #LearningWithBrainSell • Ability to: • categorize products based on volume and value • forecast future demand based on demand history • adjust safety stock level based on vendor performance • Insight into where we had too much – 40% of inventory was unnecessary
  23. 23. Results #LearningWithBrainSell • Improved fill rate from 84% to 99.55% • 55% reduction in inventory • Sales team is re-energized and confident we can meet demand increases from new customers • Purchasing Manager has bandwidth to focus on other things – improved job satisfaction level
  24. 24. Final Words of Advice #LearningWithBrainSell • Consider level of integration with your ERP platform • Understand difficulty of implementation – how hard is it to get the system implemented and your team trained on how to use it • Establish what kind of results you can expect from this investment
  25. 25. Q&A #LearningWithBrainSell
  26. 26. Thank You For Attending! (866) 356-2654 Follow us on Twitter: @BrainSell #LearningWithBrainSell