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Inventory management can be complicated and so can software, so it is understandable that you might have some questions. Even if you understand the value that inventory management software like EazyStock can add to you business, you still might have some queries regarding specifics, implementation or about us. Therefore, we have compiled an FAQ containing some of the most common questions that we get asked on a regular basis about EazyStock.
WHAT DOES INVENTORY MANAGEMENT SOFTWARE DO?
Inventory management software makes it easier to forecast and replenish stock correctly. Forecasting makes it easier to balance your expected demand against what inventory you actually have in stock. Equally, replenishment makes it easier to identify the safety stock level you need at given points in the distribution to chain to make sure that you fulfil orders at an optimal rate.
There is also a subset of inventory management software called inventory optimisation software, which focuses on both forecasting and replenishment to automatically recommend how much stock you need throughout the supply chain or at specified locations.
Inventory management software is typically available in three forms. It is available as an individual piece of software or can be accessed in ERP and certain supply chain management suites. However, not many of these solutions lack inventory optimisation and product life-cycle tracking, which most businesses will need for successful inventory management.
There is also a subset of inventory management software called inventory optimisation software, which focuses on both forecasting and replenishment to automatically recommend how much stock you need throughout the supply chain or at specified locations.
Inventory management software is typically available in three forms. It is available as an individual piece of software or can be accessed in ERP and certain supply chain management suites. However, not many of these solutions lack inventory optimisation and product life-cycle tracking, which most businesses will need for successful inventory management.
WHat is the difference between inventory management software and supply chain software?
Inventory management software tracks inventory levels, sales, orders and deliveries, whereas supply chain software is typically used for supply chain transactions and managing relationships with suppliers. Inventory Management Software differentiates itself as a tool that collets and analyses all information regarding inventory for the purpose of future planning.
WHat is the difference between inventory management software and warehouse management software?
WMS warehouse management systems manage the movement and storage of materials stored in a warehouse, as well as processing related transactions such as shipping, receiving, and fulfilment. This allows it to control and optimise the movement, storage and tracking of inventory that is held in and around a warehouse.
Inventory management on the other hand, optimises how much stock of each product is required at any given time, ensuring that future demand can be met.
Inventory management on the other hand, optimises how much stock of each product is required at any given time, ensuring that future demand can be met.
How can inventory management software increase profit?
Inventory management software is a proven method of increasing profitability in business where product flow is the core business. It provides a fast and sustained return on investment by safely lowering carrying costs without the associated risk.
How long does it take to implement inventory management software?
Implementation can usually take place within the space of a single week, rather than the average 3 to 6 months it would take for an ERP to implement inventory management solutions into your current software. The only thing that EazyStock needs to get started is a standard Excel import and export data transfer from your current system.
What relationship do we have with Eazystock?
We are the first and only official reseller of EazyStock in the UK. As a result, o-a-sys has a close working relationship with EazyStock, allowing us to offer the same level of quality and care, but with additional expertise of general business software implementation and support.
If you couldn't find the question or answer to something that you are wondering about then please get in touch so that we can assist
