PCMAG Covers Inventory Optimization

The following is a copy of posting by Kathy Yakal of PCMAG

http://blogs.pcmag.com/atwork/2009/02/phitch_oc_90_optimizes_invento_1.php


QuickBooks can help you determine how much inventory you have on hand and when it's time to reorder, but how do you decide how much to keep around so you neither run out nor keep so much in stock that it's not cost-effective?
Phitch OC 9.0, a new software product from ePhiphony Incorporated, helps you keep that balance in a fashion that will maximize economic profit. Of the many QuickBooks add-ons that help with administrative inventory tasks, it's the only one that actually helps optimize inventory.
Economic profit, which is a measurement of the economic value of an investment, can better weigh the complex tradeoffs involved with purchasing inventory. "Right-sizing" this investment, without compromising service levels, provides management with a beneficial way of increasing return and freeing needed capital for expansion and other strategic investments, according to ePhiphony Incorporated.
Setup and integration with QuickBooks Premier or Enterprise are easy, and the company recommends you use the software at least once a week. Output is simple: color-coded flags indicate the state of your inventory, and signal your reorder point.
"By maintaining optimum inventory levels and order quantities, Phitch OC 9.0 may readily reveal a 15% improvement in economic profit over the conventional methods, providing businesses with hundreds of thousands if not millions of dollars in real and measurable benefits by simply changing the rhythm of when and how much inventory they order," says John Krech, President and founder of ePhiphony Incorporated.
The first year's license costs $1,597 per user, and $377 per user for year two.