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Balance inventory investment with customer service level targets
Keeping inventory levels and obsolescence to a minimum, while continuing to offer superior customer service, entails achieving the right product mix, as well as the continual balancing of supply and demand. Understanding and tracking the relevant measures of risk which impact the balance is critical for reducing stocks, improving availability and increasing turnover.
Through the powerful tools in the Inventory Optimization suite of modules, SYSPRO enables you to better understand and quantify your risk profile, thereby assisting you to reduce your safety stocks and free up working capital, without compromising your reputation as a reliable supplier in the market place. Key elements that drive inventory across the supply chain are coordinated, tracked and controlled to optimize inventory. Standard analysis of slow-moving, excess, active and static stocks enables targeted promotional and product rationalization programs, as well as accurate obsolescence provisioning. Further benefits include improved warehouse utilization and fewer headaches for the procurement and production scheduling teams.
The Families and Groupings and Forecasting modules enable you to minimize forecast error and manage seasonality, thereby improving order fulfilment performance. This functionality is complemented by features such as available-to-promise and various time fence indicators, which give sales and production staff a reliable view of what they can promise to customers and when.
SYSPRO's material requirements planning gives you clear visibility to the integrated effect of current and future supply and demand, thereby enabling you to make better purchasing and production decisions and reduce excess and obsolete inventories. The inclusion of sources of supply and demand is configurable and various reports and related review programs enable easy identification of potential oversupplies and seamless execution of suggested actions. Order policies by stock code at warehouse level enable you to implement lot-sizing rules for purchased and manufactured items. Standard reports such as the Inventory Exception and the MRP Potential Oversupplies reports help you identify excess inventories and possible problems with your lot-sizing techniques.
- Improve electronic collaboration with trading partners
- Manage and track warranties, warranty claims and returns
- Manage customer relationships and service
- Manage large receivables
- Manage product recalls
- Provide after-market sales, support and maintenance
- Reduce costs and eliminate waste while remaining flexible and responsive
- Reduce inventory investment while optimizing customer service levels
- Reduce time to market for customer-driven product designs and variations