In your business, you need to purchase raw materials wisely, taking into account issues like seasonality and favourable purchasing terms. SYSPRO ERP Software provides advanced forecasting, demand planning, and modelling with “what-if” capabilities that show the trade-offs related to inventory and fulfilment time.
In addition, SYSPRO enables you to conduct an analysis of stock codes (SKUs) by multiple algorithms at a granular level, so you can see each item’s historical demand behaviour and impact on profits. Then you can create segments and balance ordering based on that behaviour – basic, seasonal or safety stock.
No history? SYSPRO’s proxy functionality enables you to forecast demand for new products based on the sales history of similar superseded products – particularly useful in industries where product life cycles are short.