Inventory Consolidation Management
Secondary Sales is very crucial information for companies involved in supply chain like FMCG companies. Many a times such companies face challenges to retrieve the information from their distributors and this in turn makes the company suffer in a competitive industry.
Generally, 30% of secondary sales data is shared with the enterprises; reasons being numerous, but conclusion is that lot of companies are facing the challenges in such data availability being possible.
MAIA Intelligence’s revolutionary 1KEY ICM along with innovative 1KEY Agile BI Suite, a business intelligence software enables such companies for accurate and faster inventory consolidation with extensive analytics and MIS reporting.
1KEY ICM, basically helps companies involved in supply chain like FMCG to capture secondary sales information happening at the distributor’s place.
1KEY ICM is an Inventory Consolidation Management software solution that helps companies track distributor / stockist secondary sales and also comparing the same with primary sales from Corporate ERP, enabling corporate / business heads to effectively control the sales and inventory in the supply chain.
1KEY ICM has an interface to import data from any transactional application installed at the distributor / stockist in their format through any file based system like excel spreadsheet / XML / CSV / TXT, etc.
Objectives of Inventory Consolidation
1KEY ICM, an inventory consolidation management solution enables corporates to get the distributors-stockist’s inventory related data from whatever system they run may be Tally, SAP B1, Excel, QuickFa, Trio, Wings, custom accounting, or any legacy billing software. This sales data is periodically sent by distributors at HO for inventory consolidation in 1KEY ICM. After doing ETL on this imported data, stock items are mapped with HO standard item codes and pushed into the data ware house, post which business users can use 1KEY BI reporting analytics on top of it. This helps remove the process of installing configuring or managing software at distributor’s / stockist end. Let the distributor use any software, just get the required data in pre-defined file formats.
Besides this, MAIA Intelligence has its own SAP interface connector and has good success stories on 1KEY BI with SAP connector to connect SAP and non-SAP database for reporting analytics.
1KEY ICM helps companies compare the data pertaining to inventory, pricing and value, and transactional information like sales invoice, from the Corporate ERP (SAP, Dynamics, BaaN, PeopleSoft, QAD MFG-Pro, Ramco, Navision Oracle e-Business Suite, Siebel, JD Edwards, etc.) to the downstream supply chain. Conversely, it will also help corporates get required information like stock & sales, from the downstream supply chain more accurately.
Additionally, it will reduce the burden on downstream SCM applications of repeatedly entering master information such as product master, purchase invoice etc. This will in effect reduce the overall time spent on performing a single ‘2 way data traffic’ cycle.
Posted on April 13th, 2010 by Sanjay Mehta
Filed under: Business Intelligence
Hey, an intersting & nice writing on Inventory Consolidation Management (ICM).