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Home / ERP Vendors / Advanced Planning & DRP Software

Advanced Planning & DRP Software

Advanced Planning & Distribution Requirements Planning, also known as DRP software, is a requirement for manufacturing and distribution companies that manage stock at multiple shipping points.

Functionality

Advanced Planning & DRP software gives companies the ability to properly manage inventory across many locations. Companies who offer product at multiple locations give their client quicker access to finished goods.

Each warehouse location may have a varying a demand of goods due to seasonality and other reasons. For example, demand in the northwest region for a stock keeping unit (SKU) at a certain time may be significantly less than demand in the southeast corridor.

It is very important for companies to have the proper item available in the proper location at the right time.

Advanced Planning & DRP software enhances these functional areas:

  • Time-phased planning for both single and multi-facility organizations
  • Proper quantities required
  • Availability
  • Economic order quantities
  • Scheduled receipts & upcoming demand
  • Safety stock

Benefits of Advanced Planning & DRP Software

Companies can benefit from reduced shipping time and increased customer satisfaction with the right planning & DRP software.
Certain industries demand product be available in real-time. If items are not in the proper location in terms of demand, customers may look elsewhere for the product.
Lastly, carrying too much inventory can be very costly to organizations, so always having the proper amount on hand is imperative. All of these scenarios can be addressed by advanced planning & DRP software.

Vendor Qualities

Advanced planning & DRP software products are available within several large Tier 1 ERP products. There are some smaller supply chain products that also provide this capability.

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