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March 14, 2013
Paramount Technologies Announces the Release of WorkPlaceâ„¢ 2013 Web and Mobile Spend Management and Workflow Automation Solutions


July 21 - 26, 2013
Paramount Technologies is a Premium Exhibitor at the Sage Summit conference.
National Harbor, MD


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INVENTORY REPLENISHMENT

Examine stock levels and requirements for an inventory item and automatically generate a requisition identifying recommended order quantities
 

WorkPlace Inventory Replenishment facilitates inventory replenishment and speeds approvals by examining stock levels and requirements for an Inventory Item and automatically generating requisitions identifying recommended order quantities.

For each item, WorkPlace Inventory Replenishment looks at the desired replenishment level; if there is insufficient quantity in stock (e.g. if the desired stock quantity exceeds the quantity on-hand), the stock manager can generate an inventory replenishment transaction that will automatically create a purchase requisition in WorkPlace and submit it for approval.

Any pending requisitions for like stock are taken into account, and those quantities will be automatically subtracted when generating the requisition. Specific criteria can be set identifying items for replenishment, or a single transaction can easily be generated for all items needing replenishment.

WorkPlace Inventory Replenishment takes the guesswork out of replenishment and speeds approvals because approvers know that the recommended replenishment quantities conform to their organization's purchasing parameters.

When Needed:

  • We need WorkPlace to recommend order quantities based on our criteria
  • We need to be able to replenish our inventory from within WorkPlace
  • We need an easy way of requisitioning all items needing replenishment
  • There are certain essential items and we need to make sure we never run out of those items
  • We need to be able to define which items need replenishing and according to what criteria
  • We need to be aware of other requisitions of the same items so we don't duplicate order and waste money
 
 
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