Supermarket Perimeter - February 2021 - 55

TECHNOLOGY

impact on the supply chain.
Inventory Management can
provide real-time data that
helps cut down on waste and
lost sales.

Taking stock of
current practices
Effective inventory management
is purpose driven, noted Asavin
Wattanajantra, Sage's global
business content creator.
" Understand what each link
in the chain does - this allows
you to focus on the speciﬁc
aspects of your system that need
improving, " Wattanajantra said.
" Consult with other members of
your team to identify potential
problem areas and start there. "
Wattanajantra pointed to
seven key areas facilities should
focus on to improve inventory
management function:
* Minimize overproduction
by increasing visibility and
controls to align production,
purchasing and logistics.
* Avoid too much inventory
with demand planning and
modeling tools to support justin-time production.
* Eliminate waiting by providing
staff with the access they need
to streamline decisions and
approvals with automation.
* Solve transport problems
by timing production and
logistics, avoiding moving
goods from one place to
another needlessly.
* Prevent over-processing and
focus on actions that only
create value - such as the
creation of a bill of materials.
* Stop unnecessary motion by
providing data that ensures
machinery is working in the
most efficient, productive, and
effective way.
* Put controls in place to wipe
out defects, acknowledge
where the deviations are, and
stop them at the source.

Solutions tailored to ﬁt
Sage Software has several
different solutions that Edgett
recommended based on
the complexity of individual
companies. Sage's inventory
management software can be
tailored to ﬁt the many unique
requirements of the food and
beverage industry.
Sage Software offers three
main solutions:
* Sage 100 - Built for security
and compliance, Sage 100
is highly customizable and
made for companies that need
to scale their operations to
automate processes, connect
employees, and gain business
insight. The software can help
users simplify ﬁnancials, take
control of business, save time
with automation, and improve
report accuracy.
* Sage 300cloud - An all-inone business management
software, Sage 300cloud is for
companies who need software
that manages their ﬁnances,
operations and inventory
in multiple languages and
currencies. Ideal for businesses
with operations across several
cities and countries, the
software gives users visibility
across their entire company.
* Sage Business Cloud, Sage
X3 - From procurement to
production, warehousing,
e-commerce and sales,
and ﬁnancial and people
management, Sage X3 helps
businesses gain a faster,
simpler, and more ﬂexible
ways to manage the entire
business at a lower cost, on a
global scale.
" It really fundamentally comes
down to understanding where
your problems are, and then we
can ﬁgure out the best solution, "
said Edgett. " In some cases, you
may have a situation where
kitchens and commissaries are

Unleashed Software, TradeGecko
join new parent companies
Inventory management companies Unleashed Software
and TradeGecko both joined new companies in the last
quarter of 2020. Unleashed Software was acquired by The
Access Group in November 2020, and TradeGecko joined
Intuit under the new name of QucikBooks Commerce.
Unleashed's parent company The Access Group helps
more than 35,000 customers across commercial and notfor-proﬁt sectors become more productive and efficient.
" Joining Access gives Unleashed a new level of expertise
in the provision of integrated software solutions, an
acceleration of our product development and gives our
customers the opportunity to explore a wider range
of ERP and business management solutions from a
single provider, " said Gareth Berry, chief executive
officer of Unleashed. " We set out over a decade ago to
give businesses the freedom to better make, manage
and move products - We believe that Good Products
Matter and have championed consumer choice by
building the best software with a great team to support
our customers to achieve their business potential. "
Meanwhile, Intuit partners with seven million small
business worldwide. Under the new partnership with
Intuit, TradeGecko integrated with QuickBooks' suite
of ﬁnancial, payment, reporting and accounting tools
that will help product sellers run and grow their business,
all in one powerful platform under the new name of
QuickBooks Commerce.
" In 2012, Bradley, Carl and I founded TradeGecko with
the mission to enable entrepreneurs to build the business
of their dreams. We've been able to serve thousands of
customers in over 100 countries, processing over $13.9
billion in USD, " said Cameron Priest, co-founder and
chief executive officer of QuickBooks Commerce. " All
of this has been made possible with the support of our
amazing customers and our incredible team of Geckos.
With Intuit, we're now able to take it to new heights. "

having issues with having to
throw out products because
it's out of code or the quality is
going bad so that becomes an

supermarketperimeter.com

issue of focusing more on how
can we help you do better at
managing your inventory in that
way? "
FEBRUARY 2021 - 55

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Supermarket Perimeter - February 2021

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