Powerful new ERP system from K3 helps firms to eliminate excess inventory
Aug 10, 2010 Comments (0)
The new generation SYSPRO 6.1 includes a powerful Inventory Optimiser suite, an advanced money saving and service boosting inventory optimisation tool. It is the 3rd module of a suite of 3: Families and Groupings, Forecasting and Inventory Optimiser; the combination of which provides an extremely flexible and powerful solution for manufacturing firms.
Inventory Optimiser works with the improved Warehouse and Quality Management functionality built into SYSPRO 6.1 to help customers take control over inventory spend and stock levels and uses the intelligent software to squeeze out unnecessary costs to better manage cash flow. Money saved on excess inventory, immediately goes to the bottom line, making organisations more profitable.
The powerful user-friendly Inventory Optimiser helps manufacturers with the dynamic balancing of inventory investments relative to realistic demand scenarios. This helps cut unnecessary costs during dips in demand by ensuring adequate levels of raw materials, etc, are stocked to meet customer orders. This further strengthens the supply chain to the consumer and protects customers' reputations for on-time delivery.
SYSPRO Inventory Optimiser is designed to enable customers' with an accurate modelling of their businesses by adjusting policies such as order frequency, risk and profit, while monitoring the effects on cash flow. This provides a bird's eye view of the business in action, enabling companies to optimise inventory levels and still maintain and maximise customer service.
Howard Joseph, Managing Director, K3 Business Technology Group, said: "SYSPRO 6.1's unique Inventory Optimiser not only enables our customers to manage their inventories better, it places them in a stronger position to offset the effects of changes in demand. It helps balance inventory levels with changing seasonal demand and can help minimise money tied to excessive stock. With Inventory Optimiser, customers gain visibility of their inventories and advanced optimisation tools to drive out unnecessary costs. Importantly, recent research has shown that better inventory alignment is a necessary course of action for tackling challenging trading conditions. Companies that change their business practice in this way are seeing a typical 20 to 30 per cent reduction on their investment in inventory. Inventory Optimiser puts K3 customers in a strong position for the future."