Transferring inventory from one location to another is an important aspect of a retail business. To make this process easier to coordinate, HotWax Commerce has launched the Transfers App, a dedicated App for efficiently creating and managing inventory transfers.
Imagine your downtown store is running low on Black Jackets, and the operations manager needs to create a store-to-store transfer order from another location. But before proceeding, they need to check
1. Are there any existing transfer orders planned for this product at this location?
2. If yes, which facility is sending the product?
3. What is the current status of transfer orders (i.e., how many items have been ordered, shipped, and received)?
To answer these questions, retailers can use the Transfers App, which offers two key grouping options:
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Destination and Product: This grouping displays all transfer orders for a specific product going to a particular facility, helping retailers track incoming inventory and plan transfers more effectively.
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Origin and Product: This view shows all outgoing transfers from a facility, allowing retailers to assess how much workload is assigned to that location and ensure they only ship quantities that won’t disrupt its stock levels.
These grouping options help prevent over-ordering and provide a clear view of inventory flow across facilities.
Other Key Features of the Transfers App:
1. Filters: The operation manager can filter transfer orders by location (origin, destination, product store) or fulfillment (shipping method, carrier, order status) for quick access.
2. Details: View timelines, item details, and shipment specifics with a single click.
3. Transfer Order Creation: Add products individually or bulk upload via CSV for faster order processing.
4. Inventory Booking: Operations managers can book the entire QOH, the entire ATP (considering reservations), or a custom quantity from the origin facility as needed.
The Transfers App provides a focused interface for an operations manager to smoothly create and manage transfer orders.
Upcoming Features of the Transfers App
1. Transfer Order Recommendation: Use your sales velocity, re-order point, and inbound inventory to generate intelligent transfer suggestions.
2. Bulk Transfer Order Upload: Import transfers directly from external planning systems in bulk and assign them to your stores.
3. Transfer Order Routing: Use HotWax’s powerful routing engine to auto assign store to store transfers and make inventory available for customers.
4. NetSuite Sync: Transfer orders generated from the transfers app will also sync to NetSuite as full Transfer Orders to enable easy cross-compatibility.
