Program Level: Beginner
This course is designed for new purchasers who want to build a strong foundation in inventory and purchasing processes using Prophet 21. You’ll start by understanding why effective inventory management is essential for controlling costs and improving operational efficiency. From there, you’ll explore the four purchasing methods available in Prophet 21 and gain hands-on experience creating purchase orders manually. Next, you’ll learn how to streamline purchasing with PO Requirements Generation (PORG), including reviewing items for purchase and setting up automated purchasing. Finally, you’ll learn how to supercharge PORG with Epicor Inventory Planning & Optimization (IP&O). This optional software does automatic forecasting, custom probability modeling of future service vs stock out odds, and dynamic en-masse setting of reorder policy.
By the end of this course, you’ll have the knowledge and practical skills to manage purchasing confidently and efficiently within Prophet 21.
Cost: There is an additional $375 fee to attend this session.
Objectives:
- Understand why inventory management is critical for reducing costs
- Explore the four purchasing methods available in Prophet 21
- Practice creating purchase orders manually
- Use PO Requirements Generation (PORG) to review items for purchase and configure automatic purchasing
- Learn how IP&O automatically forecasts and creates dynamic service level driven min/maxes/safeties
Audience:
- Entry-level Purchasing staff
Prerequisites:
- Knowledge of the Prophet 21 system and navigation
2800 Opryland Dr
Nashville, TN 37214
United States