Real-Time Inventory Optimization with MINT

[0:00] Welcome to TraceLink University. I'm Nate Marlink.  

[0:10] Today we're going to be looking at optimizing your existing inventory with the TraceLink Multienterprise Information Network Tower, or MINT, and how this optimization can free up working capital by improving efficiency for your business. Without real-time visibility into your inventory, you're making supply chain decisions in the dark. The result: costly stockouts, excess inventory tying up capital, and missed revenue opportunities. 

[0:20] Supply chains must be more agile than ever, but outdated systems and manual processes make adaptability nearly impossible. Today, many inventory processes are manual, leading to less timely data. Excess inventory leads to write-offs and inefficient use of warehouse resources. With growing reliance on third party manufacturers and shifting supply chain demands, businesses face delays, errors, and costly inefficiencies. Manual 

[0:30] processes slow things down and increase the risk of mistakes leading to stockouts, missed deadlines, and lost revenue. Today, we'll walk you through how TraceLink MINT helps you solve these challenges by providing real-time visibility into your inventory data, leading to improved data accuracy. It ensures real-time accurate inventory data is available for better 

[0:40] decision-making. For example, reduce CMO inventory discrepancies by tying over consumption or waste directly to CMO work orders. This reduces cycle time on inventory balance requests from partners. More efficient oversight means eliminating some tasks altogether, such as no need for emails requesting an Excel file and then preparing that file for analysis. With enhanced visibility, 

[0:50] you can keep only the product you need and use extra capital to improve your business. Here's how TraceLink MINT fixes these problems. End-to-end visibility. TraceLink supports all the transactions you might need to exchange with end-to-end supply chain partners. This provides visibility across your supply chain. Network UX trade partners have one login to see the same data as you. 

[1:00] Configurable reports and dashboards. A command center that allows for shared truth not just for internal but external partners. Now let's go see MINT in action. Step one: view Extensible TraceLink Transfer, or XTT. Here you can see files sent by your company's B2B. Why does this matter? Full visibility into all files and associated inventory is transmitted to and from your system. 

[1:10] What's the benefit? You don't have to rely on another party to troubleshoot if the files or product are missing. MINT gives you a view of your available inventory and upcoming balance changes. So you can plan proactively instead of reacting to shortages. Here you can see all the transactions associated with all the orchestrations you're a part of. Here you can also see failures and 

[1:20] successes that relate to your stock of inventory. View MINT inventory updates. You can view the details of an inventory update from your partner. MINT provides up-to-date information on inventory changes from your partners both in the number of products available and the current status. Instead of taking weeks to get inventory details from all your CMOs, you can get it in real time and 

[1:30] make informed decisions. View MINT inventory balances. View the balance of your available inventory and information about upcoming inventory. Here you can view the balances of your available inventory and see all the information about upcoming inventory balance changes from your partners. MINT gives you a live view of your available inventory and upcoming balance changes so you can 

[1:40] plan proactively instead of reacting to shortages. Reports and dashboards. View the reports and dashboards for inventory balances and inventory updates. What's the benefit? Real-time business insights into your inventory changes. Here you can also see tailored reports and dashboards for your business needs. With MINT, partners have the same view of inventory balances and inventory updates 

[1:50] as you do. Here you can see your partner has the same view into the reports and dashboards that you create for them, allowing for a shared truth for both parties. What are the key benefits? Real-time accurate data across your supply chain. Your supply chain operates leanly and efficiently while maximizing revenue. Higher cash flow due to reduced amounts of inventory held, allowing for 

[2:00] more investment into other parts of the business, freeing up working capital. Stronger relationships with customers and suppliers due to smooth transfer of product. One of our European customers was able to reduce inventory levels once they had visibility into CMO inventory data. MINT allowed them to target near zero CMO inventory discrepancies by tying overconsumption and waste 

[2:10] directly to CMO work orders in near real time. So why is TraceLink different? Real-time data visibility. TraceLink provides visibility into your inventory data in real time. Seamless partner integration. Securely connect all trading partners on a single platform for seamless collaboration where inventory data can be shared efficiently. Accurate demand forecasts. 

[2:20] Accurate data provides demand forecasts you can trust for you and your partners. Advanced reporting and dashboards. Monitor inventory levels and manage stockout risks. Allows you to monitor inventory levels and manage out-of-stock risk. Don't let inefficient inventory management slow your business down. With MINT, you can cut costs, speed up supply chain processes, and boost visibility in 

[2:30] real time. Contact us today or visit tracelink.com/resources for a live demo and take the first step towards a smarter, faster supply chain.