Name: HIMPACT
Price: 2500 USD
Author: Herlitz Inventory Management

Help Desk

Kiosk

Web and Video Conferencing

Customer Support

AI Code Generation

Automation Testing

Beta Testing

Feature Management

Development

Virtual Classroom

Education

AI Document Creation

Business Intelligence (BI)

Collaboration

Demand Planning

Internal Communications

Knowledge Management

Quality Management

Supply Chain Visibility

Whistleblowing

Enterprise

Accounting

Cash Flow Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Monitoring

HR Management

Payroll

Talent Intelligence

Talent Management

Video Interview

Workforce Analytics

Workforce Management

eLearning Content

Human Resources

Blockchain-as-a-Service (BaaS)

Business Process Automation

Cloud Data Warehouse

Cloud Storage

Data Integration

Data Replication

Database-as-a-Service (DBaaS)

Embedded Database

Encryption Key Management

Fraud Detection

IT Alert Management

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

OpenStack Cloud

Scale-Out Storage

Test Management

User Activity Monitoring

Value Stream Management

WAN Optimization

Web Content Filtering

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Email Marketing

Enterprise Marketing Management

Grant Management Software

Livestream

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Auction Software

Customer Relationship Management (CRM)

Sales Consulting

Sales Incentive Compensation Management

Sales Training

Sales

Agriculture

Inventory Management

Last Mile Delivery

Military and Defense

Online Ordering

Shipping

Vertical-Specific

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HIMPACT, developed by Herlitz Inventory Management, is an inventory management system designed to optimize demand forecasting, replenishment, and order management processes for mid-size to large wholesale and retail businesses. According to the vendor, this solution caters to the needs of buyers, supply chain managers, inventory managers, operations managers, wholesale distributors, and retailers across various industries.

## Key Features

**Demand Forecasting**: HIMPACT incorporates daily analytics to enhance buying decisions and improve forecast accuracy. It utilizes proprietary methods to segregate regular demand, lost sales, and promotion demand, resulting in more accurate forecasts. The system also provides insights into customer demand changes using actual sales order data through the Service and Lost Sales Analysis (SALSA).

**Optimized Replenishment**: HIMPACT dynamically adjusts order quantities for each SKU by considering multiple factors such as customer demand, vendor performance, and product economics. This feature aims to optimize inventory levels and customer service. Additionally, the system supports store, DC, and vendor-managed inventory replenishment in one application and offers various distribution methods including cross-dock, flow-through, and direct store delivery.

**DC Replenishment**: HIMPACT ensures a steady flow of products to distribution centers by integrating logistical and promotional data. This integration allows for accurate calculation of replenishment orders. The system supports store, DC, and vendor-managed inventory replenishment in one application and provides flexibility to manage different replenishment models, including cross-dock, flow-through, and vendor-to-DC.

**Store Replenishment**: HIMPACT supports the flow of products to retail stores by integrating promotions, planned orders, bookings, and hold-outs into regular replenishment orders. This feature enables effective store replenishment by supporting both bottom-up and top-down planning strategies. The system also includes store groups and store set functionality to manage assortments across multiple locations.

**Order Policy Analysis**: HIMPACT helps buyers make better buying decisions by considering costs and profits. It takes into account the cost structure, vendor product costs, and price bracket information to recommend optimal order quantities. It also analyzes the cost of ordering versus carrying costs and understands item bracket pricing, seasonality, and the cost of safety stock associated with brackets.

**Order Management - Order Analysis**: HIMPACT provides daily insights into inbound orders, customer demand, and inventory data. The system alerts buyers to potential problems with outstanding orders and offers actionable insights. This feature identifies overdue orders, out-of-stocks, decreases in safety stock, and overstocks for proactive management.

**Promotions, Bookings, and Allocations**: HIMPACT offers robust tools for promotional planning and execution. It supports both bottom-up and top-down planning strategies for promotions and new product roll-outs. This feature enables the creation and modification of profiles for the distribution of promotional demand. HIMPACT also tracks promotional lift, cannibalization, and provides insights for successful promotional execution.

**Forward Buying**: HIMPACT identifies and optimizes opportunities for forward buying. The system automatically generates optimal order quantities for each forward buying opportunity, taking into account short-term discounts, future price increases, and additional cash terms. Additionally, HIMPACT includes a simulation tool for scenario analysis and negotiation support for forward buying opportunities.

Basic

Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

Acumatica

Core

Automation

Suite

Precoro

HIMPACT

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.

Supply Chain Management

Herlitz Inventory Management

Supply Chain Planning

Integrating the activities of different parties throughout the supply chain, and monitoring external and internal conditions that may affect the production of goods.

Custom alerts

Real-time alerts of supply chain activity such as shipping status or problems.

Scenario-based planning

Software that allows users to run simulations for different scenarios, based on changes in circumstances like level of demand, in order to plan for all likely outcomes.

Resource optimization

Ability to allocate resources/materials across the supply chain in the most efficient way.

Supply forecasting

Ability to use past and current data on producers, suppliers, and international trade to predict what trends might impact supply in the future.

Capacity estimation

Ability to determine how much production capacity is needed to produce a specific product at scale to meet demand needs.

Employee allocation

Allocation of employees within supply chain operations in the most efficient way.

Supply network coordination

Improving supply chain performance by aligning the plans and objectives of each partner in the supply chain (e.g. producers and transportation and logistics).

Procurement Management

Overseeing the activities of the purchasing department of the company.

Raw material sourcing

Utilizing cost information to manage the sourcing of raw materials in the most cost effective way.

Supply market analysis

Identifying specific market characteristics for specific goods to enhance procurement strategies.

Cost analysis

Ability to run cost analysis and create reports.

Expense Logging

Ability to record and store information about expenses incurred from purchasing materials and labor.

Order Fulfillment Management

Overseeing the process that takes a product from sale to delivery.

Order fulfillment optimization

Ability to make the order fulfillment process as efficient as possible by bundling orders, selecting specific delivery times etc..

Return services

Software that takes care of the returns process.

Purchase order generation

Ability to produce purchase orders after a sale has been made.

Purchase order tracking

Ability to tack customer's orders and pinpoint their location.

Supplier delivery scheduling

Software that creates supplier delivery appointments.

Pricing and product configurations generation

Ability to generate pricing and product configurations for customers.

Logistics and Transportation Management

The activities surrounding the movement of goods from one manufacturing stage to the next and then onto the final consumer.

Packaging

Delivery planning

The orchestration of delivery planning across different transportation channels such as overseas, road, or air travel.

Route optimization

Ability to use prior delivery data and information about current travel conditions to pick the most efficient route.

Shipping performance

Fleet management

Management of a fleet of vehicles (usually trucks) used to transport goods.

Warehouse & Inventory Management

Monitoring and management of warehouse and inventory activities.

Automation of warehouse operations

Ability to automate certain warehouse tasks such as restocking.

Inventory storage

Stock monitoring

Ability to monitory inventory levels across one or multiple warehouses.

Inventory tracking

Ability to track products through the supply chain and delivery processes using either bar codes, serial numbers, or RFID.

Warehouse asset management

Inventory and price forecasting

Forecasting price changes and future inventory needs.

Demand Management

Monitoring and reporting on market demand conditions.

Demand signal sensing

Using current demand indicators (including supply chain data) to create a forecast of future demand.

Demand forecasting

Similar to demand sensing, but draws on more historical data to create a forecast of future demand.

Customer analytics

Ability to analyze customer data and produce reports.

Inventory stock optimization

Using price and inventory forecasting to optimize inventory stock levels.

Sales and operations planning

Ability to plan future sales and operations based off of current and historical data.

Pricing and promotion tracking

Ability to track promotion campaigns (this may be used more by retailers).

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HIMPACT

Overview

What is HIMPACT?