Virtual Inventory

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