Place orders accurately without service interruptions during a manufacturer disruption to your facility.
Start Preparing for the Holidays Now!
With the holidays soon approaching, it is imperative that your stores and warehouses are ready and equipped to handle the demand. Likewise, not over or understocking is crucial. HIMPACT offers various calendar functions which help buyers order items without service interruptions due to manufacturers being closed.
HIMPACT enables buyers to plan for vendor shutdowns, manufacturing delays/shutdowns, and for larger events, such as the Chinese New Year in the far east.
Calendar Functions allow you to properly plan for a Vendor shut down, such as Chinese New Year, and assists buyers in stocking up to maintain service goals.
How it Works – Calendar Function at the Source Level
The Calendar functionality is handy in dealing with temporary vendor closures. For example, a vendor may indicate that December 10 is the last day to order and get the normal delivery with a 7-day lead time. The Vendor will not reopen until January 7th but promises to deliver with its standard 7-day lead time for any orders received on January 7th. Since there are 28 days between December 10 and January 7, we need coverage to take us that far PLUS the 7-day lead time, giving us a coverage requirement of 35 days.
This last order will come in on December 17th and should provide inventory coverage through January 14th.
This feature helps our buyers when they need to prepare for vendor shutdowns. It is as easy as navigating to the correct place in the system and enabling the features with very little input needed.
Easily Add Holdouts to POs
Another option inside HIMPACT is the ability to add holdouts to POs due in the future.
In the event you need to place a PO with a future due date to secure inventory from the source, you can’t stop ordering for the present. You still need to maintain your service level to your customers.
For example, say it’s September 1st and you have a source with a 14-day lead time and a vendor order cycle of 14 days. However, the vendor is pressuring you for your December 1st order now. If you placed the order on September 1st for a December 1st due date, this PO needs to be hidden until the vendor order cycle before December 1st. When you accept a PO, you are able to hide it when it’s placed.
On the accept pop-up for Ordering, you can check if this order is a holdout, as well as how long the holdout should last. The date defaults to a vendor order cycle before the due date, making the inventory visible again right when you need to re-order at the right time.
If you forget to hide this PO when you place it, you are still able to go to the PO Module and switch it on there. A click of the mouse adds them or a drop-down allows you to remove them as needed and creates holdouts for all items on the PO.
The Holdouts feature is just one of the many capabilities in HIMPACT that make a buyer more productive by making it easier to manage their inventory correctly.
Start Benefiting from HIMPACT in as little as 4-6 Weeks
Interested in getting started with these calendar functions? For many solutions, it can take months or even years to research, select, and implement a new purchasing system. With HIMPACT, the speed of implantation is a fraction of that.
The time it takes for the system to be implemented, buyers to be trained on the system, and for you to start seeing benefits can be as quick as 4-6 weeks. That timeframe isn’t an anomaly, it’s standard for our implementations.
Prepare for the holidays and start planning for vendor shutdowns. Get started with HIMPACT today and be up fully up in running in a few weeks. Contact us today to get started.