Blogs

EazyStock vs your ERP: Who wins the inventory management…

3 min read

One of the most common questions we receive is “We already have an ERP inventory module. Why do we need EazyStock?” Who could answer better than one of our customers who uses EazyStock with Dynamics NAV? “Through better inventory management, we’ve been able to support our stock management and procurement...Read more

A Guide to the Benefits of a Bill of…

4 min read

In its simplest form, a bill of materials (BOM) is a list of components, parts or materials required to manufacture, assemble or repair a product. A BOM is often hierarchical, with the finished product at the top and sub-items below. In inventory management a BOM is critical to ensure the...Read more

Discussing seasonal demand forecasting with an inventory expert

4 min read

Seasonal demand forecasting can often be one of the most difficult areas of your inventory management processes to master. Annoyingly, you experience the same problem every year – demand for a product will remain steady throughout the year, then suddenly without warning you’ll see orders skyrocket or plummet. Rest assured,...Read more

Bill of Materials Inventory management: How to improve BOM…

4 min read

When finished goods are built from a set of components, a Bill of Materials (BOM) is extremely useful for inventory management purposes. A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs). BOMs are...Read more

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

An introduction to quantitative & qualitative inventory forecasting models

3 min read

Whether you’re a manufacturer, wholesaler or retailer, forecasting future demand or customer orders is the logical starting point of all business planning activity including inventory purchasing. Therefore it’s important to choose the right demand forecasting models to aid management decision-making. If you can accurately forecast demand, you can optimize your...Read more