Ronkonkoma, N.Y. – July 6, 2011 – VAI (Vormittag Associates, Inc.), an ERP software provider, has introduced its upgraded S2K Enterprise software suite featuring a new suggested purchasing module. The enhanced solution enables businesses to improve inventory management, maintain a better product mix, reduce inventory costs and effectively manage workflow triggers to monitor specific, mission-critical activities.
S2K 5.0.3’s suggested purchasing module provides a more accurate view of product usage, seasonality and trending, and functionality by consolidating three ordering formulas into a central dashboard. Not only can the buyer view min-max planning, EOQ ordering and vendor target formulas, but the buyer can manipulate these formulas and conduct “what if” calculations to determine which method makes sense for their business model. In addition, companies with multiple locations can use the dashboard to review stock status and transfer inventory if needed, helping to significantly reduce costs brought on by over-ordering. Additionally, the upgraded S2K estimates carrying costs as to determine what value ensures the optimum buy.
“With S2K’s upgraded suggested purchasing module, we want to ensure that our customers are as resourceful and effective as possible in their inventory management,” said Joe Scioscia, VP of sales. “Not only does the dashboard give a thorough inventory overview, but it provides multiple ways to determine cost-effective reordering and allows our customers to select which methods work well for their business. The combination of enhanced features helps our customers make the best business decisions possible, cutting costs and simplifying the purchasing process.”
“In developing S2K’s newest release, we wanted to offer our customers more flexibility, while further streamlining the ordering process,” said Larry Murphy, VP of research and development. “We rewrote the suggested purchasing module entirely, and are confident this upgrade will work to reduce costs everywhere from managing overstock to ensuring the best rates on shipping, while maintaining an intuitive user interface to ensure adoption and usage for our customers.”
