TOPICS » Demand Forecasting

Challenges in Medical Supply Industry

Medical Supply Industry Challenges & Solutions

5 min read

It’s no secret that the medical industry is facing major challenges worldwide due to Coronavirus. Medical and healthcare workers are stretched thin and at risk of infection themselves. Money and resources are tight. From manufacturing all the way through the supply chain to user, medical supplies have particularly been affected...Read more

How To Improve Stock Availability

How To Improve Stock Availability

4 min read

The global marketplace is constantly evolving due to political, economic, technological and social factors. As small- and mid-sized businesses (SMBs) try to remain competitive, many are coming up against inventory management challenges. In this three-part blog series we’re looking at three of the most common inventory management issues faced by...Read more

Find the Right Economic Order Quantity

How to Find the Right Economic Order Quantity

5 min read

Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Holding costs (otherwise known as carrying costs) are the costs to store the inventory and include the storage space, rent,...Read more

How to Manage Inventory in a Growing Business

How to Manage Inventory in a Growing Business

4 min read

At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. Three common causes for this are: Complex supply chains as businesses rely on a vast network of manufacturers, distributors and retailers Expanding product portfolios due to business growth and...Read more

8 Signs You Need Inventory Planning and Replenishment Automation

8 Signs You Need Inventory Planning Software

4 min read

Enterprise Resource Planning (ERP) platforms are a big investment for any organization. They also take a lot of time and resources to design, customize and implement. But once they’re up and running, there’s no doubt they offer a wealth of benefits, including streamlined processes, improved productivity, centralized data and better...Read more

Manage Demand Outliers in Forecasting Accuracy

Improve Forecasting Accuracy: How to Manage Demand Outliers

3 min read

Forecasting accuracy is the process of calculating the accuracy of your inventory demand forecasts by comparing the original forecast with the actual demand for those items. Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. An outlier is a data point that is not considered to be...Read more