You can’t talk about enterprise-level solutions without talking about integration. When it comes to large, complex businesses, each system, process, and tool in your infrastructure must work together to ensure streamlined operations, and this can only be achieved through the effective exchange of information from every department and database. This type of integration is referred to as enterprise-level insight sharing.
What is Enterprise-Level Sharing?
Enterprise-level sharing involves the collective knowledge and data gathered from various departments, locations, and even external partners within an organization’s ecosystem. These insights provide a comprehensive view of the business, giving company leaders the ability for more informed decision-making and strategic planning.
Sharing these insights across a business involves and depends on many protocols, software applications, and robust security features. It must also account for an organization’s scalability potential and function seamlessly across all company databases. That’s a tall order—but it’s where software solutions like Inventory Planner can help.
Inventory Planner simplifies enterprise-level data sharing and integrated reporting for large organizations. It facilitates data exchange and provides in-depth insights so business leaders can make informed decisions, cut costs, and streamline operations.
What Happens Without Enterprise-Level Software Solutions?
Without enterprise data sharing, critical information and data gets stuck in silos. Data silos, or information silos, refer to the separation of information within large businesses, which prevents the appropriate teams or departments from accessing it.
Data silos happen when teams and departments fail to communicate efficiently or effectively share important information, resulting in scattered data that can’t be accessed or used by the people within the organization who need it for data-driven decision-making.
Breaking Down Data Silos with Inventory Planner
Inventory Planner by Sage provides organizations with the ultimate enterprise software solution: A fully integrative planning and centrally managed e-commerce platform that helps enterprise-level retailers accurately share essential data to forecast future sales and make better buying decisions.
When it comes to breaking down data silos for enterprise-level shared insights, Inventory Planner completely eliminates the information gap that can occur in big companies by utilizing one dynamic centralized platform that can connect with software, technologies, or any other applications in your tech stack.
By integrating with all of the tools and data within your organization, Inventory Planner provides ultimate visibility and accessibility to ensure you have the right amount of stock for each SKU in your portfolio to meet customer demand. It also offers:
- Comprehensive reporting and analytics: Inventory Planner provides a simplified dashboard that gives you high-level insights and comprehensive visibility into PO history, supplier performance, lead times, demand forecasting accuracy, and other critical KPIs—allowing you to continuously refine your inventory and purchasing processes.
- Inventory optimization: Inventory Planner automatically monitors and analyzes inventory levels across warehouses and sales channels. From there, it recommends optimal reorder quantities and points and calculates days left of stock to avoid stockouts or unnecessary overstocking. This optimization helps drive more accurate purchase order quantities, cutting storage costs while predicting and meeting customer demand.
- Reliable demand forecasting: Inventory Planner software utilizes advanced data analytics and forecasting algorithms to accurately predict future demand for every product in your catalog based on historical sales data, market trends, seasonality, and hundreds of other metrics. This empowers your organization to generate purchase orders that align with anticipated demand, ensuring you have the proper inventory when needed.
- Supplier management: Our inventory planning software allows enterprise-level retailers, ecommerce businesses, and wholesalers to track lead times, minimum order quantities, payment terms, and performance metrics for each supplier so your team can make data-driven decisions for every purchase order and supplier within your supply chain.
- Purchase order creation: From small and medium sized businesses to large scale operations, Inventory Planner can automate the PO process in minutes based on comprehensive demand forecasting and up-to-date buying recommendations.
- Order tracking: With Inventory Planner, you can monitor the status of outstanding purchase orders, manage and implement any necessary revisions or changes, and track expected receipt dates to facilitate timely fulfillment for resellers.
What is Integrated-Reporting?
Integrated reporting is how organizations communicate their strategy, governance, performance, and prospects in relation to the commercial, social, and environmental context in which they operate. These reports demonstrate to shareholders an organization’s short and long-term value in terms of financial performance. Ultimately, an integrated report will reflect whether a business is thriving, in a period of struggle, or dying—and why.
An integrated report is a valuable tool that strengthens relations with an organization’s stakeholders by providing visibility regarding its health. By revealing what’s working and what needs improvement, stakeholders, managers, and teams can work together to restore a struggling organization’s health or find a way to capitalize on positive momentum if the organization is performing well.
Get Future-Proof Reporting with Inventory Planner
Inventory Planner utilizes 200+ metrics to provide meaningful, data-driven reports that give your teams and departments valuable insights that can future-proof your organization. Whether you’re generating and analyzing weekly reports or need fully integrated reports, Inventory Planner has you covered:
- Simplifying in-depth insights: Inventory Planner takes your complex, siloed inventory and sales data, runs it through hundreds of intuitive metrics, including SKU-by-SKU analysis, and provides simple, actionable insights.
- Prioritized purchasing: Inventory Planner analyzes real-time forecasting and sales data so you can prioritize ordering to reliably meet demand.
- Identifying your biggest cash drainers: Inventory Planner can also identify and analyze your inventory holding costs and provide recommendations for how to bundle, promote, and liquidate items, eliminating dead stock, streamlining revenue, and freeing up cash flow.
- Customizing reporting via segmentation: Inventory Planner can convert your forecast reports and other planning insights into custom segments to support targeted data sharing.
- Performance by location: Inventory Planner can also generate reports to give you a side-by-side view of your warehousing locations’ performance so you can make better decisions about allocating inventory and get recommendations before ordering new stock.
Let Inventory Planner Simplify Your Enterprise-Level Data Sharing and Reporting
Inventory Planner simplifies insight sharing and integrated reporting on the enterprise level to improve data sharing, analytics, and forecasting. By easily syncing various tools and apps in one centralized location and providing next-level automation, inventory, and forecast planning, Inventory Planner is rated the number one software among enterprise-level retail businesses across various industries.
Get your demo today and see for yourself!