This post is a continuation of Epicor and its relationship to inventory-based enterprises. Please see part one, which covers Epicor basics and demand planning.
This is the bulk of what most of you are here to read about. Retail businesses alone shed over $1 trillion in profits a year due to stock-outs and overstocks. And, in today’s fragile, chaotic, and highly-connected supply chain, inventory optimization is the single most in-demand supply chain solution on the market.
Like many other Goliath WMS and ERPs (e.g., Dynamics 365, JDE, NetSuite, Sage X3, etc.), Epicor offers a variety of inventory optimization and control features. While this isn’t going to be a comprehensive list (due to the sheer number of available solutions), this should serve as a baseline. These inventory control features are nearly universal across Epicor Prophet 21, Epicor Eagle, Epicor ERP, Epicor Eclipse, and Epicor Prelude:
Again, if you have hyper-specific inventory control requirements, we highly recommend connecting with Epicor to discuss those. However, regardless of the Epicor solution you choose, StockIQ can plug-and-play with your new ERP to provide downstream capabilities and enhanced features for your Epicor environment.
In addition to inventory controls, Epicor offers impressive operational analytics intelligence to help you fully understand your inventory, any inefficiencies, and any benchmarks you may need to adjust. Operational analytics is the “why” of inventory control. It gives you the information you need to determine “why” stock-outs may be happening or “why” suppliers may be underperforming.
In addition to its operational intelligence, Epicor also gives you a variety of KPIs directly on your dashboard. These include things like time-to-ship, stock-out events, and fill rates. Of course, we’re only talking about Epicor’s inventory-based operational analytics; there are still plenty of BI and analytics surrounding manufacturing and finances included in the Epicor ERP.
Whether you choose Epicor, Dynamics 365, Netsuite, or any other ERP/WMS on the market, StockIQ can help you drive meaningful value into your inventory controls. Our solution was built to handle a variety of inventory-based needs, and we play nice with virtually every solution on the market. Want to learn more? Contact us.