Welcome to the Exact Product Blog

On this blog we will cover stories from all around the Exact ecosystem.

Posts Tagged ‘Trade’

Exact Globe Next product update 405 and Exact Synergy Enterprise product update 250 are generally available

Written by Bert Siekmann on . Posted in Exact Globe, Exact Synergy

As of now Exact Globe Next product update 405 and Exact Synergy Enterprise product update 250 are generally available, which marks the end of the controlled release period which started in October 2012.

As you could read in the controlled release announcement, we have extended our offering with numerous enhancements to both Exact Globe Next product update 405 and Exact Synergy Enterprise 250. The new features have been developed in order to facilitate the needs of our main target markets – professional services organizations, wholesale and manufacturing companies. Besides those improvements, we have added extra features based on direct customer feedback, changes that are required by regional legislation and business standards.

To check the complete overview of new developments, please visit Exact Product News website. In the top bar you can select a product line, your industry or a business process to find all the news that apply to the Exact software your business uses.

If you have any questions regarding the new product updates, please comment on this blog post.

Exact online logistics: Yes we are live!

Written by Marco Kastrop on . Posted in Exact Online

After careful preparation we can now announce that the logistic functionality for Exact Online is commercially available. This is a solution targeting wholesalers/traders who are eager to work with an online (Saas-) solution for purchasing, stock keeping and selling at item level. No longer will you be tied to a single computer or network, but your (logistics) administration will be with you 24/7 from any place in the world.

I have been involved with the development of the functionality for logistics from the very first moment, so I hope you will understand that I consider this launch as an important milestone. Our goal has been to develop a product that of course fits into the Exact Online product, is fast and simple to use and supports the basic logistics operations. Don’t underestimate the power of this solution though.  The sales process is covered from quotation entry to sales order and from goods delivery to invoice handling. The purchase process is more or less a mirror process from the sales functionality. A clear parallel between purchase and sales is that we have recognized a planning (an order) a flow of goods (goods receipts/deliveries) and a financial flow (sales and purchase invoices). From inventory point of view we have created a clear view on the actual stock positions (with the nice benefit of using hyperlinks for every figure that is displayed) and we do provide support for making physical and/or financial stock corrections. Not bad for a start don’t you think?

Example stock position overview

Also a good thing is that we have used our expertise of previous/other product lines as well and have built a good foundation for future extension. We will work towards the next release (planned for October 2011) and have plans to extend our offering with purchasing (+ drop shipment) based on demand (sales orders), look at extension of sales pricing and of course many other new features. Be aware that many features are also build on customer feedback. This can be both small features (an extra filter or a field on the layout) and bigger features (e.g. integration with a web shop). You are more than welcome to give your response as we will continue to build new functionality in the logistic area.

Photo credits to Rototom Sunsplash

From stock centric to order controlled purchase process

Written by Marco Kastrop on . Posted in Exact Online

The Exact Online Trade solution is commercially available since April 19th and is attracting more customers every day. Our solution is currently mainly based on trading companies that keep stock levels (reorder level, maximum stock) as a strategy to deliver orders to customers. Main advantage of keeping stock levels in your warehouse is that as a company you are in control of your lead times and correctness of your deliveries. An example of how we support your business, is that you can insert a web part on your cockpit that indicates your service level (% on time deliveries) towards your customers (see below).

Other considerations for keeping stock levels as a strategy:

  • The costs involved of keeping stock (every euro invested in stock cannot be invested elsewhere)
  • Item turnover (item velocity, how often do you sell the product)
  • Purchase lead time (time span between placing a purchase order and goods receipt)
  • Risk of not selling (unsalable stock)

Our current development activities are focused to not only support the stock centric process but also to control purchasing based on demand (back to back orders). What this means in practice is that instead of keeping stock with the help of stock levels, you will purchase based on outstanding sales orders.  This however may apply to some items (with e.g. just in time delivery by the supplier) and for some items (e.g. with a high turnover ratio) you will remain the strategy to keep stock levels. Therefore at first you can set per item whether the item is ‘Order controlled’ (or otherwise is considered ‘Stock controlled’). The distinction between order and stock controlled will be of great help for the purchaser to determine for which sales order lines, purchase orders can be planned /generated.

I think that with this extension we will be even more relevant for our trade customers, supporting multiple logistic strategies.

Let me know what you think!