back
Virtual Inventory
What is it?
- Ability to send data to customer on status of our inventory
- This is done through a feed from our system, MCMS, to the customers ERP system
- Timing of feed depends on customer
- Current feeds range from every 5 minutes, to nightly feeds as well as weekly
- Key task is to map customer part numbers and descriptions to ESP part numbers
It is easy to deploy
- ESP works with customer IT department
- We need a list of part numbers and descriptions from you that you want us to supply information on
- We take that list and cross reference our part number and descriptions
- We then create a file containing customer-specific inventory information from our system (MCMS)
- Finally the file is sent to customers as either an email attachment or directly over the Internet (FTP)
Benefits to customer
- Access to sell inventory you do not own
- Saves time for buyers to check stock
- Saves time of ISR’s on buy outs
- Full access to information on inventory ESP carries just for a customer
- This includes on hand, next mill due date, receipt date
Business requirements
- ESP needs a file (e.g., spreadsheet) of part numbers with item codes and descriptions as well as other attributes available such as grade, shape, etc. to map to ESP part numbers
- What info can your company accept. (on hand qty, incoming qty, ETA, pricing etc.)
Technical requirements
- What file format do you want the data in? (.csv, .txt, .xls, other?)
- How do you want the data sent? (via FTP or e-mail)
- How frequent do you want updates. (hourly, daily, etc.)
Benefits to ESP
- Reduces our competition
- Improves productivity of our sales people
- Increases sales volume as we are easier to do business with
When setting up Virtual Inventory, we also establish a series of regular meetings to ensure our offerings, service and prices meet your needs