Balancing demand while maintaining minimal inventory costs is almost impossible these days. Accounting for volatile supply chains, high customer expectations, and unpredictable seasonality requires solutions that exceed traditional approaches. But with the help of Epicor IP&O’s powerful inventory optimization capabilities, you can create agile, customized stocking policies in a matter of minutes.
Epicor IP&O delivers cloud-based inventory policy decision support and the ability to share, collaborate, and track the impact of your inventory planning policy. It reconciles holding costs, ordering costs, and stockout costs to prescribe inventory policy and service levels that yield the total lowest cost. Through as-needed pressure testing, you can implement inventory management policies that lead to greater profitability.
Benefits
Stop using arbitrary service level targets. IP&O rigorously analyzes the simulated demands, holding, ordering, and stock out costs and prescribes optimal service level targets and inventory policies for each item that yields the lowest total costs.
IP&O generates thousands of realistic demand and lead time simulations for each item to reflect real-life uncertainties. It stress-tests current and proposed policies yielding accurate predictions of future costs, inventory value, and service levels that enable you to make fact-based inventory policy decisions.
Epicor IP&O integrates with your ERP platform using an “out of the box” connector that simplifies module implementation and support. Each module operates under the same common data model, meaning that when you implement one module, you are implementing for all. No new data acquisition effort is required, enabling you to seamlessly add new planning technology as your requirements grow.
To maximize the functionality and efficiency of Epicor IP&O, it integrates seamlessly with these products out of the box.