(Stock Transfer Balancing users only)
Stock Transfer Balancing is a multistore feature that allows a purchasing agent, when creating purchase orders in Purchasing and Receiving, to view and fill items needed from overstock of merchandise at other stores by generating inter-store transfers. This feature also allows you to run the Inventory Balancing Report (RIB) to identify items that are under-stocked in a particular store, and then look at other stores (a specific store, all stores, or a Store Group) to determine if there is any overstock available. Then, based upon a set of rules, the system moves that overstock to the under-stocked store by automatically generating a transfer(s).
With Stock Transfer Balancing, you can:
Reduce overstock across locations
Improve cash flow by reducing outside purchases
Bring slow movers (C and D movers) from one location to another location that is selling them
Reduce replenishment time on fast movers by pulling overstock from another store
Create a Hub and Spoke purchasing model
Stock a brand new store with existing stock from other locations
Consolidate broken packages
Return slower moving stock to your main location to prevent reordering
Stock deeper in your main location with better managed stock at your remote stores
If you are using Stock Transfer Balancing in Purchasing and Receiving, you can balance inventory while managing an individual purchase order or multiple purchase orders. You create a transfer session and when you process ("finalize") the pending transfer session, the system generates the Transfer Request(s) along with Alert(s) identifying the transfer document created to complete this transfer of merchandise.
You access Stock Transfer Balancing via the Inventory Viewer in Purchasing and Receiving, or via the Inventory Balancing Report (RIB). In addition, the Inventory Viewer provides access to the Pending Transfer Viewer, which allows you to process (finalize) pending transfers that have not been previously processed, as well as delete unwanted pending transfers.