Epicor Prophet 21

Advanced Demand Forecasting Module

Advanced Demand Forecasting helps take the guesswork out of ordering the right amount of inventory. Prophet 21 uses an intuitive system of industry-proven weighted averages, standard reports, graphical views, and user-defined formulas to identify the unique demand pattern of every item you stock. Prophet 21 also automatically detects seasonal or trending items.

Consignment Module

Often, customers want their distributors to not only supply them with goods, but manage them, as well. To that end, distributors now offer customers products on consignment, keeping their storerooms fully stocked, but only charging for those items used. Prophet 21 provides the functionality you need to handle consignment contracts.

Distribution Requirements Planning Module

Prophet 21 includes analytics to support purchasing stock now for long-term future requirements. Customer demand forecasts are generated out one year to determine future needs; purchase quantity is then based on need at the anticipated time of receipt of material. Future Stock Analysis Reports in Prophet 21 allow distributors to see the changing stock position of an item over the next year, to help in planning for these future needs.

Inventory Management Module

Inventory sits at the heart of any wholesale distributor’s business. It’s your single biggest investment, and how you handle it can greatly affect your customer service and sales. Prophet 21 enables you to balance your customer service needs while maximizing your return on investment by increasing inventory turns and reducing your inventory investment. Multiple and dynamic inventory replenishment methods provide you with the 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. If you have multiple branches, you can even centralize your inventory with Prophet 21’s regional distribution center inventory management capabilities, enabling you to reduce inventory levels. Cycle counting features confirm inventory counts, and lot and serial number tracking enable you to track stock. Whether you offer this service to just one customer or several, Prophet 21 can handle it.

Purchasing Module

Whether you have one warehouse or dozens, Prophet 21 centralizes the purchasing process, enabling you to optimize buying power and inventory levels. Buyers can qualify the return on promotions or forward buys, allowing you to increase customer service levels in relation to costs and to focus your efforts on items that are earning you the highest profits. A variety of purchasing scenarios, including vendor substitutions, discontinued items, drop ships, and specials, allow you to adjust your processes as your customers’ needs demand, while controlling your costs. In addition, Prophet 21 supports overseas procurement and landed costs associated with buying goods from foreign manufacturers.