Promotions are a great way to boost sales but not having enough inventory to cover a surge in demand or having stock left over when the promotion ends can lead to diminishing returns on inventory investment. Effective promotion management require good forecasting and distribution planning, and you need to have processes and tools in place to incorporate campaigns into your inventory management work.
EazyStock helps you manage campaigns like a pro and makes sure that your service levels stay high without the risk of excess stock when the promotion ends. The tool allows you to model your demand and refine your forecasts and replenishment parameters easily.
New product introductions (NPI) to the marketplace is usually associated with high risk. The lack of historical sales data makes the demand hard to forecast, leading to inaccurate prognoses and under- or over-stocking. EazyStock makes managing new product introductions much easier with more accurate forecasts.
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