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For companies selling online – both B2C and B2B – having the right products in stock is absolutely crucial. If you aren’t able to deliver, one of your competitors is likely to, and you can quickly lose the customers you’ve spent so much effort acquiring. At the same time, stocking-up on too much inventory can be risky and involves tying up valuable working capital..
Demand forecasting for ecommerce is also is more complex than ever. For starters, large product ranges include many items with varying demand patterns, seasonal fluctuations and trends. Add to this the volatility in customer demand and sudden changes in the marketplace and forecasting becomes an almost impossible task.
With EazyStock, you’ll be able to make much more accurate demand forecasts. The system automatically follows and updates the demand patterns of each item in your product range, so that you don’t have to risk running out, or building up excessive stock.
Proffsmagasinet is the premier provider of professional tools and building materials in Sweden. They sell and deliver a wide range of trade tools, accessories, measurement instruments and hardware products as well as safety and workwear.
Now EazyStock makes sure we purchase the right levels of stock to ensure product availability, so we can focus on other things.
– Peer Dahlgren, Purchasing Director at Proffsmagasinet.
Read Proffsmagasinet’s case study