Supply Chain
Rules are essential to managing vendor activities and regulatory hurdles.
Retailers must deal with an increasingly complex supply chain with more vendors, more regulations and more pressure to manage costs. Business rules can ensure that regulations, policies and best practices are consistently applied at every step in the chain.
- Purchasing and Vendor Management
- Trade Management
- Inventory Management and Replenishment
- Warehouse Management
- Invoice Matching
- RFID
Selecting the right vendor to use, deciding on the right order size and balancing pricing, delivery and other constraints is essential to a well run supply chain. Business rules ensure that company policies on preferred vendors, replenishment and inventory requirements, ongoing sales and all the other constraints are applied consistently and accurately when placing orders and selecting vendors.
With many more supply chains becoming international, retailers must deal with import and export paperwork and regulations. Business rules can generate the right paperwork, check for restrictions product by product and minimize the chances of fines and delays to the supply chain. Because business rules can bring the business and legal teams directly into the process, trade management systems can be made 100% accurate.
Managing reorder levels is complex because those levels might change not just by product, but by season - due to weather and/or external events - and/or in response to customer demand. Business rules allow simple replenishment and inventory rules to be specified easily and quickly and changed whenever necessary. And business rules allows increasing sophistication and complexity to be built in as, and when needed.
Warehouses, like stores, need to be managed. Which deliveries should be scheduled first, which ones go on which trucks, and when should inbound deliveries be scheduled are just some of the issues that must be addressed. Using business rules to manage these decisions means everyone involved gets the right answer, even in today's dynamic and changing environment.
Contract manufacturers, pass through invoicing, partial delivers. Matching invoices to deliveries and making the right payments on time to maximize discounts and minimize penalties is a complex problem. Business rules let you enforce contractual obligations, discounts and late fees and best practices so you match and pay your invoices the way you want to.
Adopting RFID? How will all this new information about warehouse stock, about deliveries be used? Business rules will let you put this data to work in your systems and give your systems the agility they need to be changed as more products add RFID tags and as you learn more about your business.
Additional Corticon Retail Solutions: Merchandising Planning, Back Office, Multi Channel Retail,Store Operations
Related Products:Corticon Business Rules Modeling Studio, Corticon Business Rules Server, Corticon Dialogs
To speak with someone at Corticon, please contact us here, call us at +1 888.619.2424 or email us at info@corticon.com.
