If you are looking to improve your service levels, while also decreasing your inventory then EazyStock could be the answer. EazyStock was created as an offshoot of the world-famous Syncron platform and has been continually developed ever since by a dedicated research and development team, ensuring that it is the best possible software solution that it can be. Below you will find a full breakdown of the features that set EazyStock apart from its competition.
Demand Forecasting
|
Accurate forecasting is the core ingredient of all inventory management, so over time inaccuracies will inevitably lead to excess stock or even worse a lack of it, which will ultimately send your customers straight to your competitors.
Demand Classification It is inevitable that demand for a product changes throughout its lifecycle. That is why EazyStock categorises all products into nine predetermined demand patterns based on their maturity and characteristics. The software is then able to detect any fluctuations in the patterns at any given point in time and automatically adjust it accordingly. These calculations are formed by statistical forecasting algorithms, which result in highly accurate precision forecasting based on your previous inventory data. |
|
|
Inventory Optimisation Inventory optimisation is important, because when done right it allows you to hit your target customer service levels, while keeping your capital inventory costs to a minimum. EazyStock achieves this by determining safety stock and reorder points in order to keep you apprised of how much of each item you need to stock for an optimised business.
Stocked and Non-stacked EazyStock categories items based on their volume, value of annual usage, product value and frequency. It then determines which products you need in stock and which products you don't, dependent on your required service levels. This will optimise your product range over time as conditions change in your market place. All products are controlled by your system and the inventory parameters that you set, which optimise your stock levels. |
Replenishment ExecutionEazyStock is capable of producing optimised order proposals every day, based on demand forecasts, safety stock, inventory policies, current stock levels, reserved stock, backorders and products on the way. In simple terms, the software ensures that the correct items are ordered in the correct quantities at the correct time.
|
|
|
Promotion ManagementPromotions are often an effective way of boosting sales, but unfortunately they can lead to a surge in demand that leaves you out of stock, or alternative you could end up with too much stock after a promotion ends, resulting in diminished returns on inventory investment. That is why good promotion management requires effective forecasting and distribution planning, but in order to do this you need the right tools in place. EazyStock is that tool, as it ensures that your service levels remain high, while removing the risk of having too much stock when the promotion finishes.
|
Multi-Location PlanningEazyStock lets you seamlessly manage all your inventory in different locations all from a single platform. Redistribution is the transfer of stocked items between various warehouses. EazyStock is designed to automatically suggest redistribution of excess stock from one location to another where the demand for the product is higher. With this functionality, you can put an end to unnecessary purchases and get the most out of your warehouse space.
|
|
