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SAP Retail IM Overview | |||
Inventory
Management
Inventory
management in SAP Retail provides control over all inventory activity and
a real time view of inventory positions for every location in the
organization. All relevant
inventory transactions update the stock ledger and financials as they
occur, so you always have a clear picture of your
business. Stores
are assigned and authorized specific assortments during the planning
process and inventory requirements are calculated. These assortments control
what items a store can order and sell. The distribution center fulfills
the store requirements and SAP Retail calculates any requirements for the
distribution center. SAP
Retail provides Business Intelligence with merchandise management
reporting. It allows you to
set inventory performance alerts to take proactive steps and enabling you
to find inventory concerns before it is too late. The alerts can be sent to your
e-mail, desktop, or even PDA to notify you that there are overstock,
insufficient stock, or other situations that need corrective action. Alerts can be driven off of any of
the metrics important to your business e.g., inventory margin concerns,
sales vs. plan, inventory vs. plan, late deliveries, weeks or days of
supply, excessive inventory adjustments, etc. Overview
of Inventory Management Features: o
Flexible
control and consolidated view of all stock movements o
By
DC, division, region, location o
By
stock position in the supply chain o
Goods
available o
Goods
on order o
In
transit o
Returns o
Complete
RTV process o
Identify
quantities in store/DC o
Create
return orders from Store to DC or Store to Vendor o
Consolidate
returns at DC RTV centrally o
By
inventory movement type (update near real-time) o
Sales
POS, trickle polling o
Transfers
DC to store, date-driven o
Transfers
Store to store, date-driven o
Receiving
Item check, no check o
Inventory
adjustments, including shrink o
Breakdown
gift sets/packs to saleable units o
Tolerance
controls o
Reason
codes: Damaged, donation, spoilage, theft, etc. o
Consignment
stock o
Cross-dock/Flow-through/Direct
to Store delivery o
Full
audit trail of all goods movements and adjustments (system document
created with every event) o
Tight
financial integration (for both internal and external
transactions) o
Stock
overview and inventory performance reporting o
Returns
consumer, store to DC, vendor; financial
integration o
Full
control of stock availability o
Available
for sale o
Reserved
(promotion, customer, etc.) o
Storage
locations o
Blocked
(e.g., for quality inspection o
Full
control of physical inventory o
Full
physicals o
Cycle
counting ABC classification, importance for
counting o
Full
edit and review process prior to posting o
Full
view of inventory history o
Store
level access o
Full
execution at store level o
View
inventory position in local store and surrounding
stores o
Create
transfers at store level with authorization o
Valuation
and inventory accounting o
Manage
inventory at location/item or location/merchandise hierarchy
level o
Inventory
valuation at both cost and/or retail o
Tight
integration to financials o
Define
which events and costs impact inventory values and how they are taken into
account o
Replenishment
and demand-based planning o
Calculate
replenishment requirements based on demand forecast and stock
on-hand o
DC
and store replenishment o
Assortments o
Control
which assortments and which items a store can purchase or
sell. o
Use
assortment groups or modules to simplify the process of building local
assortments o
Authorization
periods Purchasing
Management
SAP
for Retail supports the entire retail procurement process for a global
supply chain. It enables
automation, optimization, and controls. It is tightly integrated from
planning and forecasting requirements all the way through to settlement
and reporting. Retailers
can procure for a variety of product types: o
Replenishable
products o
Non-replenishable,
seasonal products o
Fresh-items o
Services Purchase
Order Processing Supports
the daily operations involved in the procurement of merchandise and
settling up with vendors. The
functions in this area enable you to order articles for which requirements
were determined in the planning run.
It comprises quantity calculation, supply source determination,
conversion of purchase requisitions to purchase orders and order
monitoring. The purchasing
functionality can be used both centrally in the head office and locally in
stores. Features: o
Maintain
and monitor vendor confirmations o
Monitor
fulfillment status of purchase orders o
Planned-based
purchasing o
Business
rules o
Document
approvals o
Flexible
cost calculations (landed cost versus domestic cost
calculations) o
Workflows,
alerts, authorizations, and audit trails o
Mass
maintenance o
Integration
to forecasting and replenishment o
Analytics Order
Optimizing In
order to find the most economic order quantity, costs resulting from stock
keeping and from purchasing have to be taken into consideration. The aim
of optimal lot-sizing procedures is to group requirements in such a way
that costs are minimized. If you order often, the result is low storage
costs, but the order costs will be high due to the high number of orders.
If you dont place orders often, order costs remain very low, but storage
costs will be very high since warehouse stock must be large enough to
cover requirements for a much longer period. The system then adds
successive quantities to this lot size until, by means of the particular
cost criterion, optimum costs have been established. The system can
optimize the quantities of orders to make the most out of agreements with
vendors who grant better conditions when complete logistics units (such as
entire pallets) are ordered. The quantity optimizing function rounds off
quantities according to flexible rules that are predefined. It is possible
to round either up or down. The system can also take different units of
measure of a product into account. o
Investment
(Forward) buying o
Automatic
load-build o
Manual
load-build Invoice
Matching A 3-way match between Features: o
Preliminary
posting o
EDI
and XML enabled o
Batch
processing o
Tolerances o
Management
by exception o
Evaluated
Receipt Settlement (ERS) o
Consignment/pipeline
settlement o
Prepayments Vendor
Request for Quotation This
component enables you to manage and compare requests for quotation (RFQs)
issued to vendors and their responses. In
purchase order management, the RFQ and the quotation form a single
document. Prices and conditions quoted by vendors are entered in the
original RFQ. If you have issued an RFQ to several vendors, you can have
the system determine the most favorable quotation submitted and
automatically generate letters of rejection to the unsuccessful bidders.
You can also store the prices and terms of delivery from certain
quotations in an information record for future
accessing. Features: o
RFQ
processing o
Release
of RFQs o
Vendor
quotation processing o
Transmission
of RFQs/quotations Collective
Purchase Order Collective
purchase orders are used to plan merchandise distributions. You can use a
collective purchase order to combine the requirements of recipients that
may exist in the system as warehouse orders or sales orders to create a
single order for a vendor ("pull" process). Features: o
Collection
of store/customer requirements o
Pre-packing Vendor
Rebates and Settlement Manage
vendor rebates and deal terms, automatically track progress, and settle
periodically or at the end of the contract with vendors. Agreements can be based on
purchases from the vendor or customer sales and can be associated with
promotions. Features: o
Flexible
deal setup and periods o
Scaled
rebates o
Interim
and subsequent settlement o
Retro-active
deal setup and calculation o
Off-invoice
discounts or periodic settlement o
Compare
to vendor totals before settlement o
Automatic
tracking and settlement (debit or credit memos) o
Integration
to o
Integration
to promotions |