Families and Groupings is an essential tool for any organization in a demand-driven environment allowing for the aggregated view, and manipulation, of both sales and forecasts and providing input to material requirements planning.
SYSPRO Inventory Families and Groupings provides the tools to arrange ‘collections’ of stock-keeping units (SKUs) into families and groupings of similar items. These collections provide a high-level view of items from which sales forecasts can be produced and the quality of the forecast measured.
Key benefits of Inventory Families and Groupings
- Forecasts at various levels in the family hierarchy (grandfather, father, child)
- Multi-level analysis of family performance over time
- Variety of forecasting algorithms, including a competition method which automatically selects the best algorithm for the collection
- Automatic real-time updates of collection history