Smart IP&O Optimizes Inventory and Forecast Accuracy for Epicor Prophet 21
Every day Epicor P21 recommends supplier orders, manufacturing jobs, and inventory transfers based on user-defined demand forecasts and stocking parameters such as Min, Max, Safety Stock. When changing these parameters, do you know what will the impact on customer service level and inventory investment be? Do you know what your historical inventory and service level performance has been? What is likely to be in the future? How planning parameters should be changed to reduce costs and improve service?
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Smart Software is an Epicor Platinum Partner.
Smart IP&O answers these questions and provides visibility to the management team on the impact of current and proposed inventory policies. The certified integration imports historical shipments, orders, receipts, stocking policies (Min/Max/Safety Stock), and bill of distribution from your P21 system to Smart IP&O. Prophet 21 customers can now report on inventory and supplier performance, accurately forecast demand and return optimized forecasts and planning parameters such as OP/OQ, Min/Max, Up To, and EOQ back to P21 to drive distribution planning yielding substantial reductions in lost sales due to stockout while decreasing network inventory.
How Smart IP&O Can Help
Improve Forecast Accuracy, Eliminate Excess Inventory, & Maximize Service Levels