Multi-Location Inventory Optimisation
Supply chains consisting of more than one stock location or echelon can be tricky to manage intelligently. Often sites can be controlled by different parties utilising different planning tools or technologies, making it a real challenge to get a synchronised view of your inventory. This tends to result in sub-optimal inventory levels leading to over or under-stocking situations.
With EazyStock you can easily plan and manage all your inventory across multiple locations in one single platform.
EazyStock automatically suggests the redistribution of excess inventory from one location, where demand for a product maybe low, to another, where it is much higher. With the redistribution functionality you can avoid unnecessary purchases by using the stock you already own prior to placing new orders. In addition, you’ll find you can utilise valuable warehouse space much more efficiently.
Sometimes you have products where demand from a single warehouse location is too low to justify stocking them. However, if you look at the region as a whole, you might find that these items are valuable and should be available within your network. This typically refers to items with very sporadic demand that must be stocked to maintain a high service level, but they’re too expensive and slow moving for stocking in several local warehouses or stock locations.
EazyStock’s virtual warehousing functionality allows users to aggregate demand of low volume products across multiple stock locations by applying inventory pooling techniques. Multiple physical local warehouses in a given geographical region act together as a virtual warehouse. This technique reduces inventory levels in the supply chain while demand can be met for the region as a whole.
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