SYSPRO | Inventory Management

Inventory Management

To provide superior inventory management by optimizing stocking levels for excellent customer service and profit maximization.

The Value of Inventory
  •  Effective control of supply and demand
  •  Powerful queries include history and graphics
  •  Flexible pricing and costing options
  •  Replenishment rules by item
  •  Identify key suppliers of items
  •  Specify approved manufacturers
  •  Extensive serial tracking with expiration dates
  •  Available to Promise calculation feature

Matching Inventory to your business

  • Cost method defined per warehouse (average, standard, last, LIFO, or FIFO)
  • Retain cost in unit of measure other than stocking
  • Powerful pricing options (quantity, discounted, contract pricing, and more)
  • Globally change cost and selling prices
  • Track transfers between warehouses
  • Order policies and order modifiers defined at warehouse level
  • Multiple bin locations specified per warehouse
  • Multiple units of measure per item
  • Optional two-phased receiving
  • Backflush items with short manufacturing cycles
  • Lead times and dock-to-stock for realistic time-phasing
  • Record notes per item for purchasing, sales and manufacturing, including technical specs and dangerous goods handling
  • Place stock codes on hold
  • Robust physical inventory system
  • Cross-reference supplier and customer stock codes
  • Assign same serial number to multiple items
  • Browse stock items using multimedia images
  • Group inventory items into sales kits
  • Calculate minimum quantity based on usage
  • Facilitate bar code integration
  • Extensive security options for maintaining Inventory information

Inventory families and groupings g

To provide the tools to arrange ‘collections’ of SKUs (stock keeping units) into families of products and groupings of like items. These collections provide a high-level view of items at which sales forecasts can be produced and the quality of the forecast can be measured. A significant feature is the ability to group warehouses for purposes of forecasting at a regional or territory level for Logistical or Supply Chain purposes. This also enables forecasts to be generated at a brand level to facilitate a clearer Marketing picture.
The Value of Inventory Families and Groupings
  • Establish families or groupings of SKUs using SYSPRO’s unique ‘Collections’ capability with hierarchical structures for Brand or Product Type views
  • Consolidate SKUs with different pack sizes using an alternate common unit of measure
  • Forecast at regional or territory level by consolidating warehouses for logistical or Supply Chain purposes
  • Aggregate sales history of the collection members to enable a forecast at collection level and then disaggregate collection forecast back to SKU level
  • Facility to edit history at collection level
  • Variety of forecasting algorithms including a competition method which automatically selects the best algorithm for the collection
  • Forecast using sales value, cost value, quantity or gross profit as the basis
  • Set default algorithms at company or collection level
  • Detect seasonality and apply forecasts to seasonal data with trending if present
  • Manually or automatically remove outliers and anomalies
  • Use SKU history of three or more years
  • Utilize monthly or weekly time buckets
  • Determine forecast horizon up to 24 months
  • Improve visibility with graphical output
  • Edit suggested forecast to reflect market intelligence

Matching Inventory Families and Groupings to your business

  • Very powerful Pareto (ABC) Analysis provides ranking of the items within each collection
  • Generate and review forecasts at various levels in the family hierarchy (grandfather, father, child)
  • Multi-level analysis of family performance over time
  • Analyze sales value, gross profit, cost of sales, quantity sold or hits (invoice line occurrences) using very functional Pareto capability
  • Automatically update collection history in real time
  • Compare manual forecast with computer recommended forecast
  • Control and validate the forecast before activating