Central Buying
Many centralized buying packages rely on movement out of the warehouse to predict their forward requirements at store level. However, to be in firm control of your inventories, both at distribution and at retail, the smart buyer wants sales based information factored in to the equation.
Midax provides the tool set to make the buyer smarter and more in touch with the total operation.
Through Midax, you know what SKUs are being sold now, yesterday, last week, the same week last year across the chain and at store level. Midax can therefore predict, using its routines for analysis of current trend, promotions, commodities, coming period last year etc. what the forthcoming requirements are likely to be at central warehouse level for replenishing the store on time.
Midax recommends orders to maintain service levels, optimize price breakpoints and deals and use promotional history to increase ad items to their correct levels. Then the buyer can release orders to the vendor in the format that vendor requires. Midax also allows a vendor access to the inventory files in the chain at central and store level through a web interface. That web interface also allows the vendor to review the current vendor pricing, deals and approved product on the chain's database.
Preferred and alternative vendors are supported, with priority given to deals.
On completion of the recommended order, Midax allows for vehicle optimization by increasing or decreasing quantities by number of cases or projected weeks inventory line by line. The final step in the process is the vehicle arrival scheduling (which includes an unloading calculation so you can reserve a loading bay for the appropriate time).
So the whole process where a buyer has to use his experience, memory and juggling skills to optimize his orders are replaced in Midax by a program that does all that work for him, allowing him to fine tune. In this sense, the Midax buyer eliminates a ton of administration from his schedule so he can now focus his attention on merchandizing, not chasing his own tail.
On arrival of goods in the warehouse, the ordered shipment is compared with the actual delivered and generates exception reporting.
Invoices are then approved and adjusted for damages, returns, billbacks, scanners, allowances etc. and then the approved payment details are passed automatically to A/P.
Deals management supports all currently used discount types, promotional allowances and payment terms. Midax also allows you to set up a budget of anticipated sales for automatic comparison to actual sales, so that you can monitor promotional contributions to customer discounts.
Store Replenishment and Damages and Returns complete the suite of modules
Damages and Returns
As a sub module of the Central Buying system, Midax can also capture the damages and returns from the stores, allocate their disposal into the agreed channels and ensure that the agreed billing back to the vendors is accomplished and included in the financial reconciliation with your vendors as part of the billbacks, scanners, ad moneys and deductions. Whatever the desired method of damage reconciliation, Midax can accommodate it.
Store Replenishment
This module turns the central warehouse into a DSD vendor to the chain's stores. Exactly the same calculated performed to predict the store requirements on a DSD vendor are used here, so that the chain can minimize its administrative processes in re-ordering and re-order with routines which warrant higher product availability in the stores with lower overall inventory levels. Midax offers full computer assisted and generated ordering as a adjunct to the central buying system, providing the sku’s when and where they are needed to meet customer demand while maintaining proper inventory levels.
Purchasing, ordering, inventory control…….all in-Synch…..all under control. Creation of value for the enterprise.
