The key for distributors to stay ahead in an ever-changing marketplace is effective product lifecycle management. This process involves optimizing the phases of a product’s lifecycle, from launch to disposal. However, product lifecycle management can be a daunting task for many distributors, especially when dealing with multiple products and complex supply chains. The good news is that distributors can now leverage the powerful capabilities of Adobe Commerce and Epicor P21 to streamline their product lifecycle management.

First, Adobe Commerce is a comprehensive eCommerce solution that provides advanced inventory management, order processing, and product management capabilities. Using Adobe Commerce, distributors can streamline their product management processes and improve the accuracy of product data. This includes catalog management, inventory management, pricing, and order processing. With features like bulk order processing and mass product updates, Adobe Commerce provides distributors with a powerful tool to help them navigate the complexities of product lifecycle management.

Second, Epicor P21 is a leading enterprise resource planning (ERP) platform that gives distributors real-time visibility and control over their supply chain. Epicor P21 enables distributors to effectively manage inventory levels, track product usage, and monitor sales trends. This helps distributors accurately forecast product demand so they have enough inventory to meet customer demand and avoid excess inventory.

One of the most important strategies for effective product lifecycle management is analyzing data and making informed decisions. This is where Adobe Commerce and Epicor P21 work seamlessly together. With advanced reporting and analytics, Epicor P21 provides distributors with valuable information about their sales, inventory, and customer behavior. These insights enable distributors to identify the best and worst performing products and adjust their product lifecycle strategy accordingly.

Another important strategy is to work closely with suppliers and manufacturers. Adobe Commerce and Epicor P21 have built-in features that allow distributors to easily communicate with suppliers and inform them about changes in product demand or sales trends. By maintaining close relationships with suppliers, distributors can ensure a steady supply of products and avoid delays or disruptions in the product lifecycle.

Finally, distributors must implement automation to more effectively manage the lifecycle of their products. By combining Adobe Commerce and Epicor P21, distributors can automate various processes such as inventory management, order processing, and fulfillment. Automation frees up distributors’ time to focus on more important tasks such as data analysis and making strategic decisions about product lifecycle management.