Storis Releases Version 10.5 with Comprehensive Replenishment Tool

April 13, 2021  by Laurie Northington in Business Strategy, Industry   

Comprehensive Replenishment is just one of 30 new features in Storis’ latest release, available to its partners as part of their complimentary upgrade program. Storis partners can schedule their upgrades to 10.5 which will begin in late April.

Comprehensive Replenishment uses a retailer’s true supply as its foundation for making recommendations. This includes on-hand quantities, incoming Purchase Orders, and transfers to the related purchasing location. Two additional replenishment strategies can also be run independently in this new user interface. Stock Level Replenishment uses the desired minimum or safety stock levels for each product as guidelines. Allocated Order Replenishment looks at backorder needs and generates reserved Purchase Orders to fulfill specific Sales Order requirements.

Buyers have everything they need for purchasing precision at their fingertips. This flexible tool enables the adjustment of quantities up or down to reflect the buyer’s own intel when needed. Buyers can even set pre- defined settings for the vendors and categories that they manage to automatically run these Replenishment types as scheduled processes.

“Storis’ Comprehensive Replenishment Tool provides an intelligent process to utilize all the data in the Storis system to help merchandisers order exactly what they need when they need it. By using this tool, retailers can avoid both under and over buying for precise use of their resources,” said Fiona Richardson, product management lead, Storis.

Beiter’s Home Center beta tested the new release. Their IT Manager, David Woodley commented on the experience, “The redesign of Storis’ Replenishment Tool delivers a fresh User Interface while adding valuable new features. The new Comprehensive approach to replenishment provides relevant data for decision making. Having the ability to adjust the actual product quantities before finalizing the Purchase Order provides precise control. It has been an exciting experience to be working with Storis on the new redesign.”

Another timely new feature allows retailers to define handling fees in a delivery charge table. The appropriate fees will be calculated into the total delivery charge based on the handling method chosen such as white glove vs. curbside/threshold.

The final enhancement highlighted here enables retailers to delete a customer’s Personal Identifying Information or PII in accordance with the California Consumer Privacy Act or CCPA. If a customer requests the removal of their PII and the retailer has validated that they do not need the data for a valid business purpose, the retailer can easily delete the PII from Storis. The customer will be anonymized, and non-personal business records will remain in the system for accurate accounting.