SYSPRO Inventory Forecasting enables you to produce forecasts based on sales history and provides the tools to measure the quality of your forecasts. It uses a set of mathematical algorithms to predict future sales based on historic demand and enables you to easily identify those products that contribute the most to your business in terms of sales value, gross profit, cost of sales, quantity sold and hits.
Within SYSPRO, Families and Groupings refers to the various collections of inventory items classified in a way that is meaningful to your business (e.g. you could classify a filter as an OEM product, a spare, a paper filter, or an oil filter). The need for Families and Groupings arises from a business scenario where, owing to the number of stock codes or stock keeping units (SKUs) the forecasting of individual stock items would constitute an unmanageable workload. It also makes sense to collect common stock codes into a family or group.
SYSPRO Inventory Optimisation take an holistic approach to balancing the supply chain by providing visibility and understanding of the different parameters that create and shape inventory. The IO module allows users to create policies that determine how a change to there parameters impacts on target inventory levels. This enables the best mix of services to the customer at the optimum cost of inventory to achieve that service. Seasonal and trend factors can also be incorporated.
SYSPROs Return Merchandise module optimises customer service with timely responses to customer requests to return products and puts knowledge in the hands of customer service personnel. Customers today demand an individualised level of service for tracking and resolving these returns.
SYSPROs comprehensive Trade Promotions functionality provides increased control and efficient management of your promotions, thereby reducing time-consuming reconciliations and improving accuracy and profitability. SYSPROs solution gives you complete visibility across your internal and supply chain networks, enabling you to accurately target, forecast, plan and execute successful trade promotions.
SYSPRO's Landed Cost Tracking (LCT) provides visibility of imported goods through shipment tracking and enables greater control of all associated costs, resulting in accurate landed costs. It enables you to track shipments of imported goods, monitor the progress and estimated arrival times of shipments and establish a reliable estimate of the overall cost of imported goods. Furthermore it aids in the calculation of a more accurate actual cost at which to receive the goods ans provides an actual cost comparison to the various estimates made during the procurement cycle.
SYSPRO Lot Traceability is designed for manufacturers that require control over product tracking to achieve compliance and also to maintain quality and reputation. Within industries, such as aerospace, automotive, packaged goods and pharmaceutical it has become increasingly important to be able to locate specific lots of finished goods to speed recalls when a defect or hazard of an ingredient has been identified.
To provide an efficient method of controlling the return and exchange of items bought from suppliers, ensuring visibility and tracking of the item until the transaction is concluded.
SYSPRO Purchase Orders is an integral part of the organisation's distribution and manufacturing functions. Purchase Orders provides you with the functionality to simplify your purchasing and receiving processes while ensuring greater order accuracy. It enables the monitoring of the quality, accuracy, lead times and cost of purchasing, while providing comprehensive supplier performance analysis.
The RFQ module is designed for purchasing agents or those providing quotes to request quotations from one or multiple suppliers of raw materials, sub-assemblies or goods for resale. This process will facilitate the recording, tracking and comparison of all quotation prices and delivery dates received. Ultimately, this improves efficiency and reduces costs by automating the decision process.