eTurns Review

Automates The Replenishment Process

Whether dealing with VMI or Vendor-Managed Inventory or CMI or Customer-Managed Inventory, inventory management is often a tedious and time-consuming process. Thus, stock replenishment or the process of attaining sufficient levels of stock or inventory is sometimes slowing down due to manual methods or traditional solutions. For example, when customers need to reorder inventory items from an eCommerce site, they usually have to manually enter the part numbers. With eTurns, they no longer have to do this because the solution utilizes barcode scanning that helps them automatically input and transmit all information related to the items or parts that require replenishment. Thus, with just a single scan, the solution can capture information such as the item number, location, package quantity, and customer details, thereby automating the replenishment process.

Enhance Replenishment By Applying Weight Sensors

Barcode scanning is just one of the methods that eTurns is utilizing to automate the replenishment process. It also allows the use of IoT weight sensors which can be placed at the bottom of bins of supplies. So how does this method work? Basically, the sensors are used to automatically detect the levels of stock or items contained in the bins so that when critical or threshold levels are reached, the sensors will trigger reorders. This method is ideal for working on VMI or Vendor-Managed Inventory.

Calculate And Set Stock Levels Based On Actual Usage History

eTurns removes the guesswork from the replenishment process which can be observed in many inventory management software products. In other words, a lot of such products are implementing replenishment based on forecasts. In eTurns, this is not the case. The solution ensures that users are able to capture the proper replenishment timing by providing a suggestion on how minimum, maximum, or critical stock levels should be set. eTurns performs calculations based on actual usage history. Because of this, they will be able to set stock levels as accurate as possible. When the stock level of an item or part falls below the minimum or critical level, users will immediately receive alerts via email, allowing them to execute replenishment in a timely manner.

Reduce Inventory Carrying Costs

Because eTurns has the capability to track usage or consumption and automatically detect the current amounts or quantities of items or parts, users will be able to prevent stockouts. At the same time, it eliminates the possibility of making replenishment orders that are not necessary, thereby reducing inventory carrying costs. This enhances how users manage their inventory, giving them the ability to reduce costs associated with purchasing and storing excess inventory.

Real-Time Visibility Into Customer Inventory

Inventory managers will surely love eTurns because it makes it easy for them to track their customers’ inventories. By simply using a web browser, they can obtain complete visibility into the status of all the items in the customer inventory, and this is done in real time. In other words, they are instantly alerted as items are being used or consumed and stock levels decrease.

Reorder Consumables From Different Suppliers From A Single Tool

Another benefit that users can get from eTurns is that it allows distributor customers to replenish consumable items from multiple suppliers all at the same time on just a single tool. Thus, they can reorder not just from a single supplier but from different suppliers. The solution separates the items based on which suppliers those items were ordered from. The sponsoring distributor can even view the items that were ordered from other suppliers or distributors in the Bill of Materials. This gives them a chance to compete with those suppliers or distributors.

Easy Way To Manage Consigned Inventory

eTurns is also ideal for managing consigned inventory. This is a supply chain and inventory method wherein suppliers retain ownership of the inventory until it is sold by retailers or distributors. In this method, both parties make an agreement as to how long the unconsumed inventory will be kept by the retailer before returning it to the supplier. They can also agree on the commission that the retailer will charge the supplier. In eTurns, managing consigned inventory is a breeze. The solution permits suppliers to keep track of all the transactions being engaged by their retailers. Consumption transactions are automatically forwarded and recorded within the supplier’s ERP system, letting them determine how many items are sold and unsold. These transactions can be sent based on the schedules that both of the parties have agreed upon. When on-hand quantities fall below the minimum or critical level,  it will trigger a replenishment.

Reduce Or Eliminate Shrinkage

Aside from being an ideal inventory management solution for consigned inventory, eTurns is also great for managing field service truck inventory. The solution is designed to reduce shrinkage or a scenario where there is a loss of inventory or a discrepancy between the recorded inventory and the actual inventory. Contractors and field service teams must be able to address this issue so they will be able to reduce costs and perform their jobs more effectively and productively. eTurns makes sure that their truck contains the right quantities of items or parts and that all parts are recorded and tracked. Gaining visibility into all parts placed in the truck reduces or eliminates shrinkage.

Generate Work Orders Quickly

In addition, the solution helps them generate work orders quickly. By simply scanning parts and recording worked hours through the aid of a mobile app, they can come up with detailed work orders which they can promptly present to their customers for approval.