Why Do Product Managers Need Transfer Optimization?
Product Managers have to do many tasks within their sphere of responsibility. For example, tracking the status of all the inventory all the time and making sure that each individual item is priced correctly and on the right shelf is the Product Manager’s job. The monitoring of purchases, receipts, sales, allocations, in-transit, on-hands and transfers has to be consistent, comprehensive, and constant. Fortunately, ChainDrive has a real-time product management component that optimizes every process, including transfers.
Make Transfers Profitable
Moving inventory from where it is to where you want it when you want it there, costs money and time. To make transfers profitable, each process must be efficient. ChainDrive has tools designed for transfer optimization. The user-defined parameters enable you to control all post-distribution stock movement. You can even create simulations for prior review. That means decisions can be based on accurate predictions because those predictions are using your specific data and have been carefully analyzed by your team.
Before decisions are made about mass recalls or stock consolidations, preconfigured functions make it simple to see what could happen in various scenarios. The ability to show possible outcomes of any actions during planning discussions makes those meetings productive because you are looking at facts.
Make Processes Seamless
ChainDrive’s power module, the inventory Matrix, is designed to handle the complexities of product management. Whether you are handling a single product or many, the process is centralized and facilitated by access to over 30 product data attributes. What’s more, the Matrix is just one of the tools that the integrated retail management solution uses to make processes seamless.
When everything fits together and runs smoothly, operations are optimal. ChainDrive’s Retail Product Management Software is an integral part of a comprehensive solution to the pain points retailers have experienced in the past. Product managers need to optimize transfers because moving inventory costs time and money. Make those transfers profitable by utilizing the power of ChainDrive.