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by Diane Himes, MA Editorial Staff Posted on Wednesday, December 12, 2007 5:24:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The second of three modules aimed at helping manufacturers manage inventory gives lean-minded manufacturers a new tool for grouping products. |
| Keywords: | Lean inventory, lean inventory levels |
Mid-market ERP provider SYSPRO this week released an inventory optimization module that parses inventory stock codes into the category groups that manufacturers often use to anticipate inventory requirements. SYSPRO Families and Groupings is the second module in a series of three aimed at helping manufacturing companies improve inventory forecasts and support lean efforts. Part of the SYSPRO Inventory Optimization suite, the Families and Groupings module follows the release of a SKU-level forecasting product in 2006. The third product in the suite, due out toward the end of 2008, will complete the suite with functionality that helps users set policies by suggesting optimal inventory levels. The suite is designed to help companies better predict and forecast inventory demand in both outbound (sales) and inbound (supply) processes, major factors in lean manufacturing projects. Using the Families and Groups module, manufacturers first define which inventoried items will belong to larger categories, such as "groups" (usually collections of individual SKUs), or "families" (hierarchies of SKU groups). The system then generates forecasts at the various levels according to the user's requests, said SYSPRO USA Product Manager Rene Inzana, in an interview today. [Click to continue] |
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