Epicor P21 is a powerful and comprehensive software solution designed specifically for the distribution industry. One of its key features is the ability to manage product variants, allowing companies to efficiently and effectively track and monitor inventory for various types of products.

Product variants, also called parent-child relationships, refer to products that are similar but differ in small differences, such as size, color, or material. These differences may seem small, but they can have a serious impact on a company’s operations and profitability. Let’s take a look at the options Epicor P21 offers for product variant management.

1. Parent-Child Relationship Management: The first and most basic option that Epicor P21 provides for managing product variants is the Parent-Child Relationship Management feature. This allows companies to set up a master or parent product and then add variants as child products within that master product. This creates a tree structure that allows companies to easily track and manage all variations of a given product. This is especially useful for companies that have a wide range of products with many varieties.

2. Tiered Pricing: When it comes to managing product variants, pricing can be a complex and time-consuming process. Epicor P21 makes this easy by offering varying pricing tiers. This feature allows companies to set different pricing structures for each product variant. For example, if a shirt is available in three different sizes, companies can set different prices for small, medium, and large sizes. This saves companies the hassle of manually updating prices and helps them control their pricing strategy.

3. Inventory Management: Managing product variants can be a challenge. However, with Epicor P21, companies can easily track and manage inventory of each product variant. This means they can closely monitor inventory levels and ensure they have enough stock to meet customer demand. Additionally, companies can also set low stock alerts to ensure they never run out of popular variants.

4. Advanced Reporting: Epicor P21 offers advanced reporting features that provide companies with valuable insight into their product variations. These reports can include information such as sales trends, best-selling variants, and inventory levels. This data can help companies make informed decisions about which variants are most profitable and which may need to be discontinued.

Overall, Epicor P21 offers a variety of product variant management options, making it a valuable tool for companies in the distribution sector.