VAI S2K Enterprise

Inventory Management 

Inventory management can be a tough balancing act as businesses seek to avoid lost sales due to out-of-stock merchandise and reduce the expense of overstocking the wrong product or overordering the wrong inventory. S2K Enterprise provides one of the most advanced purchasing software programs available today. This dynamic application provides tools that minimize the burdensome tasks associated with manual purchasing by automating your demand planning, purchasing, and ordering process. VAI’s purchasing software optimizes your buying power across different product lines and multiple warehouses.

Powerful formulas analyze historical and forecasted usage for each item, seasonal trends, market demand, and vendor lead times to provide suggested purchase orders for each vendor. Erratic demand is flagged and can be exponentially smoothed into demand formulas. With our purchasing software, items can be grouped into buy lines for product group purchase analysis to take advantage of special pricing and discounts. Buy-line inquiries allow users to compare purchasing requirements with vendor targets. Estimated carrying costs are displayed for items that are necessary to meet the vendor target.

VAI also provides solid inventory analysis tools that can help ensure that you are investing in the right amount of the right products to remain competitive. S2K Analytics dashboards and reports can help you analyze stock status, customer fill rates, inventory turns, GMROI (Gross Margin Return On Investment), dead stock, and more.

Procurement

The S2K Purchasing application simplifies communication between departments and suppliers, speeding up the procurement cycle by automating the creation, approval, and tracking of purchase orders (POs), reducing manual effort and errors. This dynamic application improves visibility into the status of POs, from creation to fulfillment, allowing for real-time tracking and updates. In addition, for companies that import products, knowing your landed cost is essential for businesses because it can significantly affect your pricing strategy, commissions, and, ultimately, your profitability. Using S2K Cargo tracking, you can better understand the total cost of acquiring products and more accurately value your inventory. Landed cost includes not only shipping costs, but any additional fees such as import duties, shipping insurance, and other related expenses.