An introduction to inventory optimisation

What is inventory optimisation?

Inventory optimisation is an advanced form of inventory management that helps you deal with erratic demand and supply disruption. Its objective is to achieve high levels of stock availability with the lowest possible inventory investment.

From inventory management to inventory optimisation

In this eBook ‘An introduction to Inventory Optimisation’ we explain the concept of inventory optimisation and how it differs from basic inventory management practices. You’ll get an insight into the three fundamental stages of inventory optimisation: demand forecasting, stock classification and dynamic replenishment.

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Download this eBook and discover:

  • The basics of inventory optimisation
  • How to introduce inventory optimisation techniques into your everyday inventory management tasks
  • The secret to achieving high levels of product availability without carrying too much stock

The growing importance of inventory optimisation

Inventory optimisation is being embraced by businesses across the UK – from automotive and building materials, to retail and wholesale suppliers.

Stock availability is key to business success. But how can you fulfil every order without tying-up capital in surplus stock?

With customer demand and inventory supply continually fluctuating up and down, ‘old-school’ inventory management practices are simply too basic to be effective.

The answer lies in inventory optimisation.

Tell-tale signs you need to embrace inventory optimisation!

Here’s 6 tell-tale signs that you need to embrace inventory optimisation:

1. Your demand forecasts are often inaccurate.

2. It’s difficult to improve inventory turnover without reducing overall stock levels.

3. Stockouts are a regular occurrence and lead to lost sales and unhappy customers.

4. There’s consistently too much working capital tied-up in excess stock.

5. You have issues with obsolete inventory.

6. It’s challenging managing irregular supplier lead times.

Want to learn more? Get your free eBook ‘An Introduction to Inventory Optimisation’ now!

Don’t just manage your stock – optimise it!

Many businesses are still using spreadsheets or basic inventory management systems to forecast and replenish their stock. These traditional methods cannot deal with fluctuating demand or variable supplier parameters – leading to stockouts or a build up of inventory.

More and more companies are therefore turning to inventory optimisation tools, such as EazyStock.

EazyStock connects to your current stock system and uses advanced algorithms to bring accuracy and speed to inventory management.

The cloud solution automates demand forecasting, stock classification and reordering calculations, producing optimised order recommendations.

Inventory managers can ditch the spreadsheets, 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.

Optimise demand forecasts

Optimise demand forecasts

Utilise 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 re-ordering

Automate re-ordering

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

Accurate replenishment

Accurate replenishment

Automatically calculate safety stock levels, re-ordering points and order quantities to ensure optimised 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 & save time

Improve efficiency & 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.

Trusted by growth-driven companies

Free eBook: An Introduction to Inventory Optimisation

It’s impossible to optimise stock levels without considering supply and demand variables, but basic stock management practices don’t take these into account. More and more inventory planners are therefore turning to inventory optimisation.

In this eBook we introduce the concept of inventory optimisation, how it differs from basic stock management practices and how it can benefit your business.



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