RedPrairie Releases Improved Inventory Management Software

The RedPrairie Corporation, a world leading consumer driven optimization company, announces a new enhancement to its E²e supply chain execution solution suite which will enable third party logistics providers (3PLs) to better manage the complex inventory management requirements of multi-client public warehouses. 

The new release offers enhanced functionality to manage the added complexities of managing inventory belonging to multiple clients within a single facility or campus. As the agent for client receipt of product from suppliers, 3PLs must conform to client rules for over-receipt. The enhanced capabilities allow over-receipt tolerances to be set by supplier, part or client default. General default tolerances can also be set. This allows control to be as tight or loose as each client desires.

There are several common scenarios where ownership of inventory within public warehouses can change hands between clients or between the 3PL and a client. The new release makes transfer of ownership simple. The system records and tracks ownership, displaying it on RF equipment, screens and reports. It also creates transfer logs and associated billing transactions to accurately reflect the transfer.