Inventory planning is a delicate balance. Determining what items to reorder and carry comes from accurate demand forecasting and intuitive stocking policies.

Additionally, every replenishment strategy needs to consider:

1. Carrying costs – the costs of maintaining inventory in your warehouse before it’s sold, transferred or used.
2. Ordering costs – the costs of issuing, receiving and paying for a line item on a supplier purchase order.

But calculating reorder points, quantities or EOQs for every SKU is time-consuming and complex. While enterprise resource planning (ERP) and stock control systems may have some functionality to support,  savvy purchasers are now turning to inventory optimization software for more advanced solutions.

Inventory optimization tools like EazyStock have the planning tools that purchasers need. They use robust algorithms to calculate exactly how much of each SKU to order and when.

Curious to see what EazyStock can do for your business? Schedule a short intro call with our team using the form!