Investment Buy Module
Innovative, Flexible, Solution Driven
Cloud
The smart way to increase profit automatically.
Automatically start adding $1,000’s to your profit
The Investment Buy Module in EM Cloud™ is an extension of our cutting edge auto order module enhancing efficiency and savings.
Investment Buy Module leverages upcoming purchase promotions and utilises store-specific settings and sales forecasts to determine when and what stock needs to be ordered. This intelligent system aligns seamlessly with suppliers’ order cycles, ensuring that stock is replenished precisely when required.
Investment Buy operates on the principle of making strategic stock investments, optimising your expenditure. By avoiding early investments or over-committing when a better deal may be on the horizon, this module helps you save money and make smarter purchasing decisions. It is an additional feature that complements the Auto Ordering function and can be seamlessly executed alongside automatic order generation.
Customisable settings within Investment Buy allow you to tailor the system to your specific conditions, giving you complete control over your stock management.
Feature Highlights
Advance Inventory Management
Avoid early investments or over-committing when a possible better deal may be scheduled. Save money and make smarter purchasing decisions.
Predictive Analytics
Uitlising predictive anlaytics to foresee demands and trends.
Operational Efficiency
Automate and streamline inventory management and purchasing process. Save time and reduce manual errors.
Increase Profitability
Maximise your profits based on cost and purchase data driven history.
How the Process Works
Set Up
Investment buy logic to be set up per store, department, and sub-department. Set up can be done for multi stores based on store sizes.
Product On Special
Product special runs from the 10 - 20 Feb.
Investment Buy Logic
The Investment Buy module will automatically review cost, stock, auto order cycle, sales, sale history and deals to come based on auto order and investment buy logic set before placing an order.
Order Placed
The last day to order special is 12 Feb; the order is placed automatically on the last day to order based on logic.
Order Delivered
Order successfully delivered based on supplier order cycles. It is important to consider available storage when setting up logic for the store.
Maximize GP
Product sold at normal price after the promotional period.
Increase Profit
Detailed reporting for the Investment Buy Module will allow users to view total savings, the number of days since the last deal, the number of days since the last best deal and investment buy status.
Case Study: Impact of Investment Buy on Store A
Automatically start adding $1,000’s to your profit
Background
Store A implemented a two-week investment buy strategy to optimise their purchasing and reduce costs. This case study examines the outcomes and benefits of this approach.
The
Investment Buy Strategy
The investment buy strategy involves purchasing larger quantities of goods when they are offered at a discounted price, with the intent to stock up for future sales periods. This approach aims to capitalise on temporary price reductions to achieve long-term cost savings.
Implementation
Store A utilised an Automatic Order system with additional columns specifically designed for investment buying. These columns provided crucial information such as:
Investment Buy Save $:
Total savings achieved through investment buying
Investment Buy (Days) Since Last (Deal):
Time elapsed since the previous purchase deal
Investment Buy (Days) Since Best (Deal):
Time since the best purchase deal in the past 13 months
Investment Buy Status:
Success status of the investment buy for each item
Significant Cost Savings
One standout example from the grocery order demonstrated the potential for substantial savings:
• Normal Cost per Carton: $37.15
• Investment Cost per Carton: $19.32
• Savings per Carton: $17.82
This represents a 48% cost reduction on this particular item.
Overall Impact
The total investment buy for a single order across 39 line items resulted in:
• Total Savings: $282
This figure underscores the potential for significant cost reductions when applying the investment buy strategy across multiple products.
Key Takeaways
1. Substantial Savings: The investment buy strategy can lead to considerable cost reductions, as evidenced by the 48% saving on a single item.
2. Cumulative Impact: When applied across multiple products, the savings can quickly accumulate, as shown by the £282 total savings on a single order.
3. Data-Driven Decisions: The additional columns in the Automatic Order system provide valuable insights, allowing for more informed purchasing decisions.
4. Long-term Benefits: The strategy helps optimise purchasing over an extended period by considering factors such as days since the last deal and the best deal.
Conclusion
The two-week investment buy strategy has demonstrated its potential to significantly reduce costs for Store A based on one order and one line item. By leveraging data and capitalising on temporary price reductions, the store has been able to achieve substantial savings. This approach improves the short term’s bottom line and positions the store for long-term financial benefits through optimised purchasing practices.
