Inventory optimization software

EazyStock’s enterprise-class optimization tools use AI and machine learning help companies reduce inventory and working capital costs to free up cash flow to accelerate business growth.

Optimise Image

Benefits of inventory optimization

The global trading landscape remains increasingly uncertain, with almost daily economic, political and social change. So, how do you ensure you can stay competitive? You could enhance your online customer experience or upgrade your ERP system.

However, it’s vital to ensure you can continue to meet demand by having the right products when needed without unnecessarily tying up excess capital. Also known as inventory optimization.

Inventory optimization balances high service levels with the lowest possible inventory investment. It allows you to ensure product availability while reducing inventory costs and minimizing the risk of excess stock.

This is done by forecasting demand and managing supply variables while adjusting stock rules and inventory parameters dynamically.

How do you optimize inventory?

There are three stages to inventory optimization:

inventory optimisation
  • Demand forecasting
    Using the relevant algorithms for demand types of each item depending on its place in the product lifecycle while accounting for seasonality, trends and promotions.
  • Stocking policies
    Prioritizing the stock you carry so you hold more of the items important to your business by using stock classification such as ABC analysis. Using multi-location inventory planning to distribute your inventory where it is needed across your warehouses.
  • Replenishment
    The final step to perfecting your inventory optimization process is getting your replenishment calculations and automatic daily order proposals in order. By optimising your replenishment processes, you will have the right products to meet expected demand and be able to carry sufficient safety stock to meet unexpected demand without the cost of holding excess stock.

What is inventory optimization software?

Undertaking inventory optimization methodology without the right tools can prove complex and time-consuming. While most ERP platforms and warehouse management systems (WMS) offer good inventory management functionality, few provide inventory optimization capabilities – and they’re basic at best.

More and more stock-holding businesses are turning to AI-powered inventory optimization software like EazyStock, which can be easily integrated with their existing ERP to offer a more advanced solution.

Forget complex and manual calculations; let automation change your inventory management world. EazyStock uses AI and machine learning to calculate your minimum and maximum stock levels, reorder points, optimal order quantities, safety stock levels and more. Who doesn’t want to improve stock availability, delight customers and avoid lost sales?

Why simply manage when you can optimize?

Level up your inventory management game with EazyStock. Harness real-time data, fine-tune stock rules, and dynamically adjust inventory parameters to improve availability and reduce costs.
Start optimizing!

Inventory planning software

With EazyStock, You can achieve the most ambitious order fulfillment targets with the minimum amount of stock.

Supplier management software

EazyStock helps secure a reliable and cost-effective inventory supply to achieve your fulfillment goals.

Inventory KPIs

By focusing on these six fundamental inventory KPIs, you can optimize your inventory levels and improve stock availability.