HOLLYWOOD, Fla., Oct. 22, 2014 /PRNewswire/ -- NumberCruncher is pleased to announce the release of its new cloud-based reorder point alert system called ReorderPoint.com.
One of the biggest pain points facing product-based businesses in retail, wholesale distribution and manufacturing is how best to forecast inventory needs. Having too much inventory drains cash flow, while having too little results in lost sales or production delays.
"Small business financial and e-commerce systems do not adequately address the problem," says Ian Benoliel, Founder and CEO of NumberCruncher. "Business owners and purchasing managers spend hours combining reports and running formulas using Excel. There has to be a better way and that's why we developed ReorderPoint.com."
ReorderPoint.com offers a systematic approach to purchasing, which, when applied consistently, will result in optimized inventory levels.
The theory behind the reorder point is that the optimal inventory level should be aligned with how much inventory will be used during the lead time. The purchase order date and quantity ordered should result in the replenishment of inventory just as the last of the on-hand quantity is used, with a margin for error called safety stock.
ReorderPoint.com lets the business owner and purchasing manager quickly determine when to order inventory and how much to order. QuickBooks users can leverage their historical data to make better purchasing decisions. By integrating with QuickBooks, ReorderPoint.com will read historical usage like invoices and sales receipts, as well as current inventory levels. QuickBooks users can access ReorderPoint.com from the Intuit App Center.
ReorderPoint.com then uses statistical methods to identify trends, seasonality and special orders. We call this process multiple 'model fit.' We use the models to forecast demand and the reorder point. We compare the reorder point to the inventory levels and determine the reorder status. An email is sent to alert our users that it's time to reorder. This process is automatic and runs continuously on a schedule defined by the user.
With ReorderPoint.com, business owners and purchasing managers no longer have to spend hours to get the information necessary to make informed purchasing decisions. Ordering late can be costly but our alert system will be a reminder that it's time to act.
We will be demonstrating ReorderPoint.com at the QuickBooks Connect Conference taking place October 22, 2014 at the San Jose Convention Center. The booth number is 335.
NumberCruncher plans to add integrations with other accounting, e-commerce, inventory and point of sales systems in the near future.
NumberCruncher is a leading provider of inventory and order management software for the QuickBooks community. Founded in 1999, NumberCruncher was the first to develop an inventory add-on for QuickBooks. The NumberCruncher team draws from a wide range of manufacturing, supply-chain, statistics, technology and accounting expertise.
Thousands of product-based businesses rely on NumberCruncher solutions to manage their everyday business activities across the globe. From inventory control to production management to order processing and fulfillment, these solutions deliver big business functionality to small-to-medium sized businesses at an affordable price.
ReorderPoint.com is hosted on Windows Azure, offering a powerful, secure and scalable platform for future growth.
Ian Benoliel, CEO
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