Netstock has launched Excess Redistribution, which allows companies to instantly identify and redistribute excess inventory. This new feature is now live within Netstock’s Predictor Inventory Advisor (Predictor IA), a cloud-based inventory management and forecasting solution for wholesalers and distributors.
Excess Redistribution analyzes an organization’s existing and forecasted stock, enabling planners to intelligently relocate and rebalance supply to best meet demand and free up working capital.
With Excess Redistribution, businesses can redeploy existing excess inventory to other locations where those same items are running low. In a matter of minutes, the feature analyzes an organization’s inventory across its network, identifies surplus stock, and makes recommendations for a demand planner to consider regarding where goods should be relocated to best meet local demand. Once relocation targets are accepted, Excess Redistribution creates an automated transfer order in the ERP system. Ultimately, goods are ordered and stocked in the most optimized fashion.
