Press Release Summary:
EÂ²e(TM) supply chain execution solution suite enables 3rd party logistics providers (3PLs)to handle complex inventory management requirements of multi-client public warehouses. Client Inventory Management feature deals with complexities of managing inventory belonging to multiple clients within single facility, while Inventory Receiving allows 3PLs to conform to client rules for over-receipt by allowing over-receipt tolerances to be set by supplier, part, or client default.
Original Press Release:
RedPrairie Improves Inventory Management Flexibility for Third Party Logistics Providers
New release includes improved receiving, inventory ownership and billing capabilities 3PLs need to better manage public warehousing
Milwaukee, WI - RedPrairie Corporation, a world leading consumer driven optimization company, has enhanced its E²e(TM) supply chain execution solution suite to enable third party logistics providers (3PLs) to better manage the complex inventory management requirements of multi-client public warehouses.
Client Inventory Management - The new release offers enhanced functionality to manage the added complexities of managing inventory belonging to multiple clients within a single facility or campus. Comments Tom Kozenski, RedPrairie® vice president product strategy, "3PLs face all of the distribution complexities of a normal warehouse multiplied by the number of clients each facility services. In addition, they have to manage the inventory ownership and billing characteristics unique to multi-tenancy operations. The new release strengthens functions that make this process easier for our many 3PL customers."
Inventory Receiving - As the agent for client receipt of product from suppliers, 3PLs must conform to client rules for over-receipt. The enhanced capabilities allow over-receipt tolerances to be set by supplier, part or client default. General default tolerances can also be set. This allows control to be as tight or loose as each client desires.
Inventory Ownership and Billing - There are several common scenarios where ownership of inventory within public warehouses can change hands between clients or between the 3PL and a client. The new release makes transfer of ownership simple. The system records and tracks ownership, displaying it on RF equipment, screens and reports. It also creates transfer logs and associated billing transactions to accurately reflect the transfer.
Says Emerson Judkins, Director of Operations for Interstate Warehousing, "Transfer of inventory ownership is a common occurrence for us. RedPrairie's enhanced capabilities make it a lot easier for us to manage this to meet client requirements."
RedPrairie's new version of the supply chain suite is now available in general release and is being implemented at many new client sites.
About RedPrairie Corporation
RedPrairie is a world leading consumer driven optimization company. Built on an advanced Service Oriented Architecture (SOA) developed over the past 15 years, the RedPrairie integrated suite of solutions offers on-demand capabilities to over 32,000 sites worldwide for many of the world's largest companies.
RedPrairie's E2e(TM) solutions synchronize people and products throughout the customer buying cycle to ensure goods reach the right place at the right time. At the point of sale, this means consumers have access to desired products and that the store is staffed with the right people to help them make their purchases. In the production cycle, it means suppliers and manufacturers time and synchronize shipments and production based on demand signals from the retailer. And in the back room of the store, it means having the least amount of inventory, solving the "last yard" problem of the retail supply chain.
With 20 global service sites and standard service methods that have been validated over the last 30 years, RedPrairie provides unparalleled service and support.
For additional information, call 1.877.733.7724, or access www.RedPrairie.com.
RedPrairie Public Relations Contacts:
+ 44 (0) 1494 486636
Europe and Asia Pac
Nathalie Vanden Houwe
+32 (0)54 31 86 93