TS ConsignTM (Vendor-Managed Inventory)
ThoughtSpeed™'s Consignment solution makes the management of inventory easier for manufacturers/suppliers and their customers.
A hosted SaaS (Software-as-a-Service) system, TS ConsignTM eliminates costs by providing a single source of information and eliminating a lot of the paperwork involved with inventory tracking. It reduces the amount of effort required to audit the inventory and manage product returns/recalls.
For the supplier, visibility of inventory levels at customer sites translate into shorter replenishment cycles. This contributes to increased sales thanks to fewer stock-outs and communication delays. Customer service is improved as a result and efficiency increases for both the customer and the supplier.
TS ConsignTM employs scanning and RFID technologies to feed real-time data to the online system.
Key features:
- Simple browser (and integration) for consignment customers to enter usage/sales
- Automated replenishment creation and communication with Supplier
- User controlled (daily/ weekly/ monthly) usage reports
- Common interface for Customers to manage multiple Supplier relationships