InStyle is engineered to address the complex requirements of apparel, accessory, home furnishings and footwear fashion businesses.
All aspects of domestic versus foreign production processes are addressed, including material requirements. The InStyle Knowledge Management Engine (KME) delivers a comprehensive and flexible platform for delivering “best-fit” results associated with the fulfillment of open sales orders when matched against the current inventory and production plans of the business.
Company Set Up – InStyle is engineered to address the complex requirements of apparel, accessory, home furnishings and footwear fashion businesses. Standard definitions include easy-to-configure processes for multi-dimensional product offerings, seasonal and merchandise classification groupings, routing and mark-for requirements, as well as buying office and overseas agent relationships with vendors, consolidators and forwarders.
Based on financial reporting requirements, users will define cost templates to meet business needs. These cost templates are then associated with items and production orders in order to apply the correct cost controls to each transaction. Financial inventory can be valued based on several methods (standard, weighted average, FIFO, etc.) and exception reporting will provide analysis of variances associated with standard versus actual results.
Inbound Logistics Tracking & Cost Actualization
Based on user-defined inbound shipping milestones and associated costing elements, various scheduling, tracking and costing reports are available to the business. To assist with planning and analysis, the system reports container level, shipment level and purchase order level exception notifications and anticipated receipts. In addition, variance reports associated with standard versus actual costs include user-defined proration methods for values such as ocean freight, brokerage charges, etc.
All processes associated with the perpetual inventory results are monitored by the system. Transaction support includes cycle counts, transfers, adjustments, receipts, shipments, returns, etc. Users can access a library of inventory management reports for summary and detail analysis of all inventory items at all locations. The reporting and inquiry capabilities include full transaction audit details associated with all inventory items. In addition, InStyle provides a powerful analytical tool for time phased analysis of item trends. This tool greatly assists in inventory planning for ongoing or “replenishment” inventory.
Letter of Credit Management
Whenever necessary, letter-of-credit transactions are recorded in the system and linked to the relevant production orders and supplier shipments. Letter of Credit controls include the tracking of all initial and amended LC’s, all draw-downs and LC closings. As a result, open balance reporting, uncovered production alerts and expiry date notifications are delivered to the production coordination offices and finance groups.
Production Order Management & Tracking
User-defined production milestones and tracking events are saved in templates associated with the various regional sourcing strategies of the company. All aspects of domestic versus foreign production processes are addressed, including material requirements and assist programs when needed. Each production order follows its associated template rules, so both production status and financial control information is delivered to the business.
Supply Chain Inventory Balancing & Allocation
The InStyle Knowledge Management Engine delivers a comprehensive and flexible platform for delivering “best-fit” results associated with the fulfillment of open sales orders when matched against the current inventory and production plans of the business. Exception alerts at the item level or summary level are distributed simultaneously to production teams, customer service teams, finance groups and warehouse planning departments so appropriate decisions can be made without unnecessary and costly delays. This process delivers the most effective use of inventory ownership to satisfy customer order requirements.
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