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Smart Inventory Planning & Optimization

AI + Inventory = Your Competitive Advantage

Strike the perfect balance between service levels and inventory costs with Epicor Smart Inventory Planning & Optimization (IP&O)

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Unmatched AI-Driven Inventory Optimization

In today’s dynamic market, managing inventory effectively is crucial. Smart Inventory Planning is your partner in this journey, offering a suite of cloud-based applications that drive sales and inventory operations planning. Tailored for businesses of all sizes, it empowers you with robust forecasting methodologies, inventory optimization, and actionable supply chain analytics.

Explore Capabilities

“Smart is the only one out there that has really licked the intermittent demand modeling challenge. We get accurate information and more importantly at the lowest dollar. Without Smart, I think we would have seen a continued growth in our inventory and not necessarily gotten any greater benefit for service.”

Chief Material Officer

Metro-North Railroad

“Smart IP&O allowed us to transform our manually maintained stocking levels to a service level-based model that drove significant improvements in fill rates while optimizing total inventory on hand. The accurate forecasts of stocking levels provided fact-based data that allowed us to strategically phase the consolidation effort where warehouse space was at a premium.”

Manager Part Supply and Logistics

BC Transit

“Smart’s service level planning methodology has led to productive conversations between sales and supply chain and given us a platform or common ground from which we base our discussions.”

Purchasing Manager

Forum Energy Technologies

“Whatever the request, we need to meet our next day service commitment – Smart enables us to risk adjust our inventory, to be sure we have the products and parts on hand to achieve the service levels our customers require.”

Manager of Materials Management

FedEx TechConnect

“The intermittent demand forecasting capability has been very useful. We’ve gone from forecasting our slow-moving items by hand with poor results to automatically generating highly accurate stocking level estimates. During a time of sales growth, we’ve been able to reduce finished goods inventory by 4%, raw materials inventory by 5% and decrease late shipments from 16% to 3%.”

Purchasing Manager

Bedoukian Research

Benefits to Planners and Purchasers

Increase
ROA

Improve
Customer Service

Reduce
Excess Stock

Optimize
Service Levels

Better Forecast Accuracy

Unlock the potential of your inventory with Epicor Smart IP&O. Our advanced algorithms analyze historical data and market trends to provide you with highly accurate forecasts. This precision helps you: 

Reduce overstock and stockouts
Improve customer satisfaction with reliable product availability
Optimize your inventory turnover rates

Measure Your Impact

Make strategic inventory decisions with confidence. Built-in financial impact simulation tools can help you:

Project the financial outcomes of different inventory scenarios
Balance cost-saving measures with customer service levels
Strategically plan for future growth and market changes

Built to Scale and Adapt

As your business grows, Epicor Smart IP&O grows with you. Our cloud-based platform is designed to handle the increasing complexity and volume of your inventory needs. It can help you:

Seamlessly manage inventory across multiple locations
Adapt to changing market demands with agile inventory strategies
Scale your operations without compromising efficiency

Capabilities

Demand Planning

Smart Demand Planning uses Machine Learning to automate forecasts and adeptly accounts for trends, seasonality, and intermittency improving forecasting accuracy.

Operational Analytics

Cloud-based operational analytics tracks historical turns, service levels, and on-hand inventory, giving you focused reports to measure and compare operational performance.

Inventory Optimization

AI-driven Inventory Optimization prescribes policies that yield the best financial return and predicts future service levels, shortage costs, and inventory value to boost profitability.

Supply Planner

Supply Planner simulates daily, weekly, and monthly demand, lead times, future inventory levels, and order receipts for effective what-if analysis.

Probabilistic Models

Use AI to simulate thousands of possible outcomes that capture complex patterns and expose the odds to precisely risk adjust your inventory.

Inventory Dashboards

Track actuals and simulate future lead times to get precise estimates of supply uncertainty.

Tradeoff Analysis

Enjoy AI-driven what-if planning on service levels, days of inventory, and lead times for improved assessment of tradeoffs and supply chain resiliency.

Stress Testing

Simulate future performance of current policies exposing blind spots in the plan and enabling proactive corrections.

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