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IQR Software and Benefits Summary and Nexus Software’s Export Interface Program:
The Inventory Quality Ratio (IQR) software is a demand-driven analytical tool for managing inventory dollars and improving inventory performance. The IQR logic was developed by 35 materials managers and it works with any MRP, DRP or ERP system including Epicor’s Vantage 6.1 and Vantage 8.0 Progress based versions.
Nexus has developed a data export program that allows data to be exported from Epicor’s Vantage 6.1 and Vantage 8.0 Progress based versions. The interface tool exports part information including past usage and future demand to allow IQR Software to analyze the part information.
IQR is used worldwide by over 2,500 materials managers, planners and buyers to:
· Quickly identify good, bad and excess inventories
· Measure performance by inventory segment (product line, vendor, etc.)
· Set realistic reduction objectives and track improvement over time
· Avoid shortages of purchased parts and finished goods
· Drill down on problem areas and prioritize corrective action
· Provide planners and buyers with the information they need
· Enhance the effectiveness of ERP systems with a dollar focus
· Monitor inventory movement as the demands change
· Rebalance inventories among various supply chain locations
· Better manage financial reserves and avoid future write-offs.
IQR will help make the planner/buyer job easier, increase inventory turns and improve your cash flow. It will assess your potential for inventory reduction and then show you exactly where to get it. Best of all, implementation and training are completed in only three days and no additional data entry is required. Most companies achieve payback in a few months and the first-year ROI averages over 400%.
Remote Demo and Inventory Analysis:
You and your colleagues can see the details of this inventory management technique and the benefits of IQR software with a remote demo over the internet. If you like, we can do the demo with your part numbers and inventory dollars. This will:
· Provide you with a comprehensive analysis of your inventories,
· Likely point out immediate opportunities for significant savings, and
· Demonstrate the benefits of using IQR along with your current system.
You really have to see the IQR logic with your inventories to appreciate what it can help you do. We have interface programs already available for most MRP and ERP systems. What system are you using at your company?
For more information about IQR software, visit the IRQ International website:
www.iqr.com
Instructions for updating existing clients and server>>
IQR 6.1 is available at no additional cost as part of the IQR Software Maintenance Agreement
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