TAKE Solutions Inc. released its Xtended Process Control (X.PC) 5.8 supplier relationship management software, offering external suppliers full-visibility into inventory levels across warehouses and external depots. Suppliers can automatically manage and replenish materials to reduce inventory overage and ascertain products are received on time, thus lowering procurement costs, ensuring product availability, and improving efficiency.
X.PC enables organizations to reduce inventory discrepancies by better managing the freight of inbound material and control visibility to all parts not normally tracked in the ERP, as well as ensure product quality through part non-conformance. With the new vendor-managed inventory (VMI) capability, ERP data integration allows for quick views of on-hand quantity and demand from sales orders or manufacturing. In addition, partners can quickly identify and respond to shortages of materials via a color-coded “inventory dashboard,” forecasting in 14-day and 12-week timeframes; summary reports can be easily generated to keep track of all VMI activities.
VMI also provides external suppliers with a birds-eye view into warehouses and external depots so on-hand inventory levels are monitored and maintained. Such visibility into supplier inventory levels provides buyers the required intelligence to respond and reschedule if and when supply chain disruptions occur.