Denver Wholesale Foods, unlike many of their competitors, keeps product on the property, allowing them to hold items rather than just flipping them. Turnover is lightening fast in the discount food industry which makes efficient inventory management crucial in order to turn a profit.
Because space is limited in the warehouse an employee is specifically tasked with keeping an eye on inventory turnover. A report is generated in EBMS that displays when a product has been sitting for more than two or three months. When that happens, the product is marked down and an automatic email is sent to all customers alerting them of the sale price.
New Product Sales
Every day truckloads of product are photographed and posted on their website. This website is fully integrated with the EBMS sales and inventory tools to provide real time pricing and availability. All new items are automatically placed on a 24-hour new item page where customers can monitor and view in real-time. New products are also emailed out to alert customers. As a result, popular and limited quantity items are bought very quickly. Gary Martin, a buyer at Denver Wholesale, mentioned that sometimes product is bought online almost as soon as he posts it in EBMS.
Flexible Inventory Measures
Their competitors may only sell by the pallet, but Denver Wholesale customers have the flexibility of choosing the amount of product they want to purchase. All products sold are opportunity buys, which means that there are different brands, products, and quantities for sale on a daily basis. Denver Wholesale Foods uses EBMS tools to efficiently buy in one measure while selling in multiple other measures - all while maintaining accurate inventory counts.
Picking and Staging Orders
Orders are received by warehouse managers, picked by employees, and finally staged on the docks where they are ready for transfer trucks. This entire process is tracked and managed within EBMS for maximum efficiency.
Because stock is constantly changing, extensive inventory reporting in EBMS is used heavily to search past items, how much it sold for, and what volume sold in specific time periods. At the same time buyers are looking at the dating on each perishable product and how much time is left to expiration. Both purchasing and sales staff use the inventory data and reports available in EBMS constantly. This allows buyers and managers to continue to make informed decisions quickly.
“I think one of EBMS strongest points is the way it handles inventory. That is very valuable to us. We get a really good bang for our buck on inventory management. ”
Denver Wholesales Foods