EazyStock classifies all items in your warehouse into categories based on volume, value of annual usage, product value and pick frequency. Depending on your required service levels, it then calculates which items you should have in stock and in what quantities. Over time your product mix is dynamically optimised, adjusting to changes in market conditions.
Products are controlled by the inventory parameters set in the system, which drive the optimisation of stock levels. Inventory and replenishment parameter data can also be integrated and pushed directly into any Enterprise Resource Planning (ERP) system. The forecasting functionality adds information about demand patterns and this combined ensures the right balance between working capital and service levels.
What would be the consequences if you aimed for higher service levels? With EazyStock you don’t have to guess. The simulation engine enables you to predict the effects of strategic and tactical changes by testing different parameter settings.
Different scenarios for inventory policies and service levels can be tested in real time and the “what-if” simulation shows what will happen with the inventory in terms of future capital invested and target service levels.
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