Epicor P21 is advanced enterprise resource planning (ERP) software that helps companies optimize business processes and effectively manage their supply chain. One key area where Epicor P21 excels is in supporting new product launches. In this blog, we discuss how Epicor P21 handles new product launches and what features make it the perfect tool for companies looking to successfully launch new products.

Epicor P21 provides companies with a centralized platform to manage all aspects of new product launches. Companies can use it to define and control phases of the product lifecycle, from initial concept to market launch. Advanced software features such as product data management and demand forecasting enable companies to effectively plan and execute new product launches.

One of the biggest challenges companies face when introducing new products is maintaining the accuracy and consistency of product data across all departments. Epicor P21 solves this problem by providing a central repository of all product-related information that can be accessed by various departments within the organization. This ensures everyone is working with the most up-to-date information, reducing the likelihood of errors and delays.

The software also offers a robust demand forecasting tool that uses real-time data and analytics to accurately predict product demand. This feature allows companies to clearly understand customer needs and preferences and develop and introduce products tailored to consumer demand. It also helps the company optimize inventory levels, avoid overstocking or understocking, and ensure efficient production and sales processes.

Additionally, Epicor P21 has a built-in project management module that allows companies to track the progress of new product launches. This feature allows companies to set schedules and milestones and monitor project progress in real time. Project managers can assign tasks and delegate responsibilities to team members to ensure smooth collaboration and timely completion of tasks.

Another key advantage of Epicor P21 is the ability to integrate with other systems and applications used in the company. This enables seamless data flow and exchange, resulting in a streamlined and efficient new product launch process. For example, integration with customer relationship management (CRM) software allows companies to gain insight and feedback on new products from customers, allowing them to make necessary adjustments before the official launch.

Overall, Epicor P21 provides companies with a robust and comprehensive solution for managing all aspects of new product launches. Its advanced features such as centralized data management, demand forecasting, project management and integration features make it a powerful software for businesses of all industries.