3 key advantages of Epicor Kinetic ERP’s supply chain management system
With the recent challenges to supply chains thrown up by COVID-19 and Brexit, Epicor Kinetic has benefitted from businesses that are keen to find new ways to improve the way their supply chains function.
One solution is to invest in ERP. For most, businesses this means investing in software that allows departments to share information more easily and streamline processes – ultimately leading to better profitability down the line.
But how do these benefits affect supply chain management systems specifically?
We take you through 3 key advantages of Epicor Kinetic ERP’s your supply chain management system.
Epicor Kinetic ERP and Purchase Management
When a business undergoes significant growth, the ability to track supplier performance and keep a tight grip on collaboration can spin out of control. This is not helped with the growing complexity of regulation and business standards that accompanying the improved performance.
With Epicor Kinetic ERP Purchase Management, you can benefit from improved tracking and control that is automated and updated in real-time.
This leads to greater accuracy, better compliance and improved security of your relationships with suppliers across the board.
Purchase Management with Epicor Kinetic allows you to streamline your purchase order writing with automated tools while tracking performance using the reams of data generated by your routine operations – providing insights that can improve your purchasing abilities.
At the same time, you will find reduced inventory levels, freeing up cash-flow and reducing waste as materials sit unused on the shelves, taking up valuable floor space and depreciating in value.
Epicor Kinetic ERP and Demand Management
With Epicor Kinetic ERP you can begin to benefit from improved Demand Management. Epicor software allows you to manage short and long-term customer behaviour to predict demand ahead of time. Rather than being reactive, you can put data to use to identify patterns and order in advance. All of this leads to better fulfillment decisions, less waste and more proactive business choices that improve your bottom line.
By improving demand management, you can reduce the risk of high inventory levels and plan more efficiently.
All of this is available within an easy-to-use format that can be optimized for your business needs, as opposed to a one-size-fits all approach.
Kinetic ERP and Inventory Management
Another benefit to your supply chain management systems is the ability of Epicor Kinetic to reduce inventory build-ups that cost money and can lead to errors later down the line.
Instead, a modern system like Epicor can help you digitize, automate and reduce the complexity of your inventory processes to help boost profits across the business.
At the same time, you are more likely to conform to industry guidelines and meet customer demand head-on with better tracking and reductions in human error costs by unaccounted for stock.
You can also reduce your yearly auditing costs with automated controls and regular inventory counting.
Want to learn more? Get in touch here for a chat with one of expert consultants. We’re happy to help with any further questions you have on how your ERP software can improve your supply chain management systems.