SOLVE IT STORIES TALES OF CUSTOMER SUCCESS FROM OUR PARTNERS THE SUCCESSFUL OUTCOME SoClo Inventory now performs Vapex’s processes involving purchasing/receiving, production, and inventory management and quality tracking. · Purchasing/receiving: Sets points for reorder points and reorder quantities; places purchase orders; receiving automatically replenishes the inventory count and tracks Work-In-Process (WIP) when items are pulled for an order, removing it from inventory · Production: Creates a Bill-of-Materials (BOM); recognizes shortage of items for a build; tracks subassemblies; shows full flow of sale from quote to receipt of purchase order to production to shipping to asset management (maintenance, end of life, etc.) · Inventory Management: Gives visibility on inventory levels, reorder points, and reorder quantities; offers multiple vendor management and multiple warehouse capability · Accounting: Produces up-to-date inventory valuation and transactions for easy export to accounting systems. SINCE JULY 2022, THIS HAS RESULTED IN... · 0 missed shipments. · 10% reduced unit production time. · 25% decreased shipment of incorrect parts. · Reduced inventory levels overall, allowing a better understanding of parts costs and lead times. CONSIDERATIONS FOR CUSTOMERS Inventory costs directly impact your balance sheet, so cost reduction is key to a healthy product based business. · It is important to have visibility into which inventory is at every location, what the inventory cost, when it is obsolete, when you need to restock, and how many of each item are typically used in a time frame · Handle simple product sales and consumption as well as product hierarchies. · Forecast inventory needs based on history while pricing the products well for your customer · Diligently keep inventory updated to automatically minimize shrinkage Learn More Learn more about SoClo Inventory for Salesforce on AppExchange.