RedPrairie improves inventory management flexibility for third party logistics providers

RedPrairie Corporation, a world leading consumer driven optimisation company, has enhanced its Ee 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. RedPrairies enhanced capabilities make it a lot easier for us to manage this to meet client requirements.

RedPrairies 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 optimisation 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 worlds largest companies.

RedPrairies E2e 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 synchronise 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.