EazyStock and eCommerce
For eCommerce companies, having the right products in stock is crucial. If you can’t deliver, one of your competitors likely can, making it easy to lose customers you’ve spent so much effort acquiring. Poor customer service can lead to bad customer reviews, ruining your brand reputation and increasing the risk of lost sales. EazyStock’s risk of run out report will tell you when you are low on stock for specific products, so you can intelligently and proactively manage your remaining stock. Extensive product ranges and multiple sales channels include many items with various demand patterns that change over time, and customer demand is volatile, making forecasting more complex than ever. EazyStock allows you to control the reactiveness of your forecasts to pick up trends quickly, e.g. if a social media influencer shares a product. At the same time, holding too much inventory can put many eCommerce companies off balance when there’s a sudden change in the market. EazyStock automatically updates demand patterns of each item in your product range, so you get more accurate forecasts, and dynamically adjusts reorder points and safety stock levels to avoid running out or building up excess stock.