Post on 18-Aug-2020
Activant Prophet 21
Cleaning House with the Dead Stock Feature of Trading Partner Connect
This class is designed for…
Trading Partner Connect users who are responsible for getting rid of dead stock at their companyThose who have completed the “Overview of Trading Partner Connect” WBT or have a basic understanding of TPCx
Overview
This class will show you how the Dead Stock feature of Trading Partner Connect can help you eliminate “dead” or slow-moving stock.
Objectives
Identify your Dead StockUpload Dead Stock to the Trading Partner Connect website, or “Hub”Browse for Dead Stock on www.tpcx.comGenerate the Data Mining Report
This course will NOT cover…
Prophet 21 functionalityInternet functionalitySet-up of Trading Partner Connect
Identifying Your Dead Stock
Dead Stock Identification
Identify Dead or Slow Moving Inventory
Parameter Screen
Parameter Screen
The end range date will default to one year back from the date
you generate the report
Parameter Screen
Parameter Screen
Parameter Screen
Parameter Screen
Example Results
Dead Stock Report
Verify results of reportIntegrity of dataIntegrity of material listed
BrokenUnusableOut of Date
Dead Stock Report
Once you have verified the data you can then UPLOAD the information to Trading Partner Connect
Dead Stock Report
You have TOTAL control over the information uploaded to Trading Partner Connect
tpcx.com
Once dead stock information has been uploaded to Trading Partner Connect, it will be available for other trading partners to “see”…
During Order Processing/Sales Pricing Inquiry Purchasing Integration Trading Partner Connect Web Site/Hub
Order Processing
Sales Pricing Inquiry
P&A
Message
Purchase Order Entry
PO Requirements Generation
PO Requirements Generation
Dead Stock Summary
Purchase Requirements Report
Dead Stock Search on tpcx.com
Locate inventory listed as “dead stock”Search by:
By Keyword on the Item Code and DescriptionUPCTrading PartnersManufacturer LinesManufacturer’s Part Number
“One man’s trash is another man’s treasure!”
Dead Stock Search Results
Dead Stock Search - “NO TP Rel”
Dead Stock Search - “TP Rel”
If you could be provided with a way to generate a report to help
you eliminate your ‘Dead Stock’ –would you use it?
Data Mining Report
Matches all dead stock posted on tpcx.com to the Average Monthly Usage (AMU) of all rationalized itemsThe information matches members that need a particular item to members that do NOT need that itemThis allows you to proactively reduce your dead stock …to a somewhat “captive” audience.
Data Mining Report
Clicking Submit sends your request to TPCx for analysis
Data Mining Report
Report will be delivered in approximately 24 hours to e-mail listed on the parameters screen
Info on Data Mining Report
UPCDescription of Item (both)ManufacturerStock AvailableEstimated Price
Trading Partner NameContact NameContact PhoneContact EmailYour Item Code
Summary
Generate Dead Stock ReportVerify and Upload the ResultsP&A Response ScreenPotential Purchase BrowsePurchase Requirements ReportSearch for Dead Stock on tpcx.comData Mining Report
Responsible Parties
Determine WHO is responsible for DEAD STOCK
Posting Dead Stock
Generate Dead Stock report in Prophet 21
Requirements to post your inventory as dead stock
Item must be rationalizedItem must be priced
Posting Dead Stock
Generate Dead Stock report in Prophet 21
Verify the results
Upload results to the Hub
Posting Dead Stock
How to capture dead itemsPurchase or sales classesLast Sale DateLast Purchase Date
How to price dead items10%-40% below cost
Posting Dead Stock
You should run the Dead Stock report monthly to capture any new dead items
Add the report to your End of Month procedures
Dead Stock Report and Item Rationalization
Run Dead Stock Report with Current Rationalized Status = Unrationalized
Report will be informational only, but will indicate vendor lines that need to be rationalized in order to post dead stock
Data Mining Report
Remember, this report is all about saving money, it shows…
Potential to sell your DEAD STOCKPotential discounted buys of other distributor’s dead stock
So, how do you use this report?
How to sell your dead stock…
Be proactive…Send a list of the items on the report to each trading partnerFollow up with a phone call to work out a deal with each trading partnerThen you can $ell, $ell, $ell
Purchase Requirements Report
Review the items that are needed to purchaseNote the items that you can purchase from a Trading Partner that have the item as DEAD stockThen simply place your PO to the TPCx partner listed on the report for the items you need
Now, let’s back this all up…
Dayton Supply cut a PO to E & R Industrial for some materialNow, that statement doesn’t seem all that exciting…but wait…
Here are some facts about the PO
Cost to Dayton was $4,700Multiple vendor lines purchasedMaterial was DEAD for E&R IndustrialDayton Supply $aved over 25% vs. buying this material from their vendor
Here are some facts about the PO
Dayton knew about this because of the Data Mining Report on tpcx.comMore than 60% of items listed on this one report were purchased on this ONE purchase orderE&R Industrial gained $4,700 to invest …instead of letting it collect dust and cost $$$