Having the right inventory available at the right time is the hallmark of successful merchandising, but it is a particular challenge given current market conditions. STORIS has introduced its all-new Comprehensive Replenishment Tool, an interactive tool that provides a real-time view of a retailer’s supply so they have the data to purchase the optimal inventory quantities needed to meet demand while preserving open-to-buy dollars.
“STORIS’ Comprehensive Replenishment Tool provides an intelligent process to utilize all the data in the STORIS system to help merchandisers order exactly what they need when they need it,” said STORIS’ Product Management Lead, Fiona Richardson. “By using this tool, retailers can avoid both under and over buying for precise use of their resources.”
Comprehensive Replenishment uses a retailer’s true supply as its foundation for making recommendations, and this includes on-hand quantities, incoming Purchase Orders and transfers to the related purchasing location. Two additional replenishment strategies can also be run independently in this new user interface. Stock Level Replenishment uses the desired minimum or safety stock levels for each product as guidelines. Allocated Order Replenishment looks at backorder needs and generates reserved Purchase Orders to fulfill specific Sales Order requirements.
“The redesign of STORIS’ Replenishment Tool delivers a fresh User Interface while adding valuable new features,” said David Woodley, IT Manager at Beiter’s Home Center where the latest STORIS 10.5 release was tested. “The new Comprehensive approach to replenishment provides relevant data for decision making. Having the ability to adjust the actual product quantities before finalizing the Purchase Order provides precise control. It has been an exciting experience to be working with STORIS on the new redesign.”
STORIS partners can schedule their upgrades to 10.5, which will begin in late April. A deep-dive into all of its 30 new features is available to STORIS partners in our latest Enhancement Guide on the STORIS Client Portal. All features were developed with timely industry insights to help retailers streamline their operations and provide excellent customer experiences. To learn more, visit STORIS.com to Request a Demo or call 973-397-5732 today.
Founded in 1989, STORIS continues to be the leading provider of Retail Software Solutions and Services to the home furnishings industry. Over 450 clients utilize STORIS’ Unified Commerce Solution, which includes point of sale, eCommerce, mobile POS, CXM, inventory management, merchandising, business intelligence, kiosk, supply chain management, accounting, and more.