Name: ReStore
Author: K3S - King III Solutions

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ReStore, developed by King III Solutions, Inc., is an inventory procurement/purchasing System of Insight (SoI) designed to assist distributors and retailers in managing the inventory of individual retail locations. According to the vendor, this software solution generates accurate forecasts for each store based on demand, seasonality, and individual trend history. By leveraging an advanced algorithmic replenishment system, users can optimize their inventory and provide value and efficiency to their retail operations. ReStore is intended for businesses of various sizes and is utilized by distributors, retailers, inventory managers, supply chain professionals, and retail operations managers.

## Key Features

**Advanced inventory procurement/purchasing System of Insight (SoI)**: According to the vendor, ReStore is designed to effectively manage the inventory of individual retail locations. It utilizes an advanced algorithmic replenishment system to generate accurate forecasts based on demand, seasonality, and individual trend history.

**Core and advanced capabilities for managing the Buying Process**: ReStore offers a comprehensive set of core and advanced capabilities to streamline the Buying Process for distributors and retail stores. According to the vendor, it empowers businesses to evaluate customer demand and purchase the appropriate inventory level, thereby taking control of buying and optimizing inventory.

**Proper inventory management for retail locations**: ReStore provides the necessary computer infrastructure and data acquisition abilities to manage inventory properly. According to the vendor, it enables retail locations to forecast and replenish inventory accurately by considering factors such as demand, seasonality, and individual trend history. This is expected to lead to reduced inventory costs, minimized stock-outs, and increased sales and profits.

**Increased demand accuracy with advanced forecasting**: ReStore utilizes advanced forecasting techniques to improve the accuracy of demand predictions. According to the vendor, it analyzes historical data and trends to generate forecasts that consider seasonality, demand patterns, and individual store characteristics. This helps businesses make informed decisions about inventory procurement and ensures that retail locations have the right products available at the right time.

**Enhanced customer loyalty and increased sales**: The vendor claims that ReStore enables businesses to provide better customer service and increase customer loyalty by ensuring that retail locations are well-stocked with the products customers want. By minimizing stock-outs and optimizing inventory levels, businesses can effectively meet customer demand, leading to increased sales and higher levels of customer satisfaction.

**Efficient inventory replenishment**: ReStore automates the forecasting and replenishment tasks, aiming to streamline the inventory replenishment process. According to the vendor, it calculates optimal order quantities based on demand forecasts, ensuring that retail locations have sufficient inventory without excessive overstocking.

**Minimized labor costs and cycle counting**: According to the vendor, ReStore provides accurate inventory forecasts and automates replenishment, which can help lower labor costs associated with manual inventory management tasks. The vendor claims that it minimizes the need for time-consuming cycle counting, allowing employees to focus on more value-added activities.

**Improved inventory optimization**: ReStore aims to help businesses optimize their inventory levels by considering not just what is sold but also the amount of inventory used. According to the vendor, this ensures that inventory is replenished at the right time and in the right quantities, reducing carrying costs and minimizing the risk of obsolete or expired stock.

**Data-driven decision-making**: ReStore aims to empower users with data-driven insights for informed decisions about inventory procurement and management. According to the vendor, it provides comprehensive data analytics and reporting capabilities, allowing businesses to gain valuable insights into sales trends, demand patterns, and inventory performance, enabling them to make strategic decisions that drive business growth.

**Seamless integration and scalability**: ReStore is designed to seamlessly integrate with existing systems and scale to accommodate the needs of growing businesses. According to the vendor, it offers flexibility and adaptability, allowing businesses to customize the solution to fit their specific requirements and workflows.

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Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

K3S - King III Solutions

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoicing

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

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What is ReStore?