Intro to Inventory Optimization PPC - EazyStock

Stay competitive with inventory optimization!

EazyStock’s free resource ‘An Introduction to Inventory Optimization’ outlines how optimized inventory management practices help your business be competitive and the three stages of inventory optimization.

Free whitepaper from EazyStock

Traditional inventory management strategies are no longer effective at dealing with today’s dynamic marketplaces and supply chains. In this whitepaper, we introduce you to inventory optimization and its importance, then outline the three stages to bring inventory optimization to your business.

Get EazyStock’s whitepaper now!



What you’ll learn:

  • What is inventory optimization
  • The benefits of inventory optimization
  • How to apply inventory optimization to your own business

Why is inventory optimization important?

Without inventory optimization practices, you’re wasting time, money and storage space.

Inventory optimization is the art of balancing high service levels
with the lowest possible inventory investment.

The objective of inventory optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible.

The Benefits of Inventory Optimization

Discover the effects on your business.

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Improve your customer satisfaction by having what you need in stock to meet demand. High fulfillment rates keeps your customers happy and coming back for more.

Eliminate surprise stock-outs.

Thwart the dreaded “OUT OF STOCK” tag for items by optimizing your inventory levels – including setting safety stock levels based on accurate forecasts.

Stop pouring money down the drain.

Only purchase and hold the inventory that you require to fulfill your customers’ orders – no excess or obsolete stock tying up capital or precious shelf space.

Finally have time to devote to business growth.

With inventory optimization processes in place, finally have the time to grow your business by sourcing new suppliers, finding new customers, expanding your product portfolio… the possibilities are endless!

Ready to get started? Download our free whitepaper on inventory optimization now!

Choose EazyStock inventory optimization

Manually managing your inventory – analyzing the demand for each item in your inventory to determine purchase orders, keeping track of what inventory you already have in stock and where, hitting MOQ when placing orders to suppliers, minimizing excess and obsolete inventory – takes time and is more prone to error. Plus, forecasts quickly become outdated as new data is collected – so you need to start all over again.

One way to optimize your inventory is by using software that specializes in analyzing inventory and recommending purchase orders. Companies across a range of industries are turning to inventory optimization tools like EazyStock.

EazyStock easily connects with your ERP or inventory management system. It not only produces forecasts at SKU level, but also determines safety stock levels, stock classification and reorder point calculations.

Inventory managers no longer need to be Excel geniuses or ‘human calculators’, giving them more time for strategic decision-making and looking after suppliers and customers.

Why EazyStock?

Ensure stock availability

Ensure stock availability

Make sure you always have the right products on the shelf to prevent stock outs and delight your customers.

Optimize demand forecasts

Optimize demand forecasts

Use advanced algorithms to track product demand, accounting for life cycle stages, trends and seasonality variances.

Lower inventory levels

Lower inventory levels

Get rid of excess and obsolete stock, freeing-up working capital for investment elsewhere in your business.

Automate reordering

Automate reordering

Produce automated order proposals to process in EazyStock or send back to your ERP.

Accurate replenishment

Accurate replenishment

Automatically calculate safety stock levels, reorder points and order quantities to ensure optimized inventory levels.

Be smarter with suppliers

Be smarter with suppliers

Place orders more cost effectively by considering suppliers’ delivery schedules, lead times, discounts and costs.

Improve efficiency and save time

Improve efficiency and save time

Ditch the manual spreadsheets and save time that can be spent on strategy and innovation.

Get a fast ROI

Get a fast ROI

Benefit from rapid ERP integration and get up and running fast with a system that’s easy to deploy.

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Get our free whitepaper on Inventory Optimization

Inventory optimization is key to staying competitive in an ever-changing marketplace. How are you currently ensuring that you have the right products in the right places right when your customers need them?

EazyStock’s whitepaper An Introduction to Inventory Optimization can help you take control of your inventory so you have what you need to meet your customers’ needs.

 

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