Materials Management for Prophet 21®
Inventory sits at the heart of any wholesale distributor’s business. It’s your single biggest investment, and how you handle it can greatly affect your customer service and sales. Prophet 21 distribution software enables you to balance your atscustomer service needs while maximizing your return on investment by increasing inventory turns and reducing your inventory investment. Multiple and dynamic inventory replenishment methods provide you with the flexibility to lower carrying costs, minimize excess or obsolete inventory, improve cash flow, and increase customer service levels. In addition, the distribution software solution captures information on inventory changes, allowing for accurate data when making purchasing decisions. If you have multiple branches, you can even centralize your inventory with Prophet 21's regional distribution center inventory management capabilities, enabling you to reduce inventory levels. Cycle counting features confirm inventory counts, and lot and serial number tracking enable you to track stock. Whether you offer this service to just one customer or several, Prophet 21 distribution software can handle it.
Whether you have one warehouse or dozens, Prophet 21 distribution software centralizes the purchasing process, enabling you to optimize buying power and inventory levels. Buyers can qualify the return on promotions or forward buys, allowing you to increase customer service levels in relation to costs and to focus your efforts on items that are earning you the highest profits. A variety of purchasing scenarios, including vendor substitutions, discontinued items, drop ships, and specials, allow you to adjust your processes as your customers’ needs demand, while controlling your costs. In addition, Prophet 21 supports overseas procurement and landed costs associated with buying goods from foreign manufacturers.
Advanced Demand Forecasting
Advanced Demand Forecasting helps take the guesswork out of ordering the right amount of inventory. Prophet 21 uses an intuitive system of industry-proven weighted averages, standard reports, graphical views, and user-defined formulas to identify the unique demand pattern of every item you stock. Prophet 21 also automatically detects seasonal or trending items.
Distribution Requirements Planning
Prophet 21 includes analytics to support purchasing stock now for long-term future requirements. Customer demand forecasts are generated out one year to determine future needs; purchase quantity is then based on need at the anticipated time of receipt of material. Future Stock Analysis Reports in Prophet 21 allow distributors to see the changing stock position of an item over the next year, to help in planning for these future needs.
Often, customers want their distributors to not only supply them with goods, but manage them, as well. To that end, distributors now offer customers products on consignment, keeping their storerooms fully stocked, but only charging for those items used. Prophet 21 provides the functionality you need to handle consignment contracts.
Read more about Epicor Prophet 21 distribution software:
Wholesale Distribution Software that Works for You
Prophet 21 can be implemented either onsite or remotely via an application service provider (ASP) or a hardware hosting option.
As part of the Epicor Distribution Suite, Prophet 21 integrates with many value-add modules, including Epicor’s Proof of Delivery, Strategic Pricing, and Service Dispatch.
For the full Epicor Prophet 21 story, call 1.800.776.7438 and speak with an Epicor solutions specialist or email us at email@example.com.