Prophet 21 offers multiple and dynamic inventory replenishment methods to provide flexibility to lower carrying costs, minimize excess or obsolete inventory, improve cash flow, and increase customer service levels.
In addition, the solution captures information on inventory changes, allowing for accurate data when making purchasing decisions.
Distributors with multiple branches benefit from Prophet 21's ability to transfer items between branches and track item usage at the local level, so you not only have the right products for your customers, you have it in the right place. You can even centralize your inventory with Prophet 21's regional distribution center inventory management capabilities, enabling you to reduce inventory levels without jeopardizing your ability to fill customer orders.
- Choose from multiple inventory replenishment methods – Order Point Order Quantity (OPOQ), Min-Max, Economic Order Quantity (EOQ), and Order Up-To
- Utilize dynamic forecasting methods
- Select different methods for different items by location
- Convert non-stock items to stock items
- Forecast demand using flexible methods
- Conduct cycle counting
- Authorize return goods
- Manage regional distribution centers
- Transfer surplus items between branches
- Forecast seasonal usage
- Keep history of lead-time at the local level
- Compare forecasts to actual usage
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