EazyStock: Inventory Management ISV Application

Summary

The EazyStock inventory management does the following:

  • Forecasting demand using different forecasting methods depending on your past demand trends/pattern

  • Calculates:

    • The ABC analysis of your inventory​

      • For instance: 20% of your items contribute to 80% of your sales​. Such an analysis will advise you which items you should phase out. This alone can save you $ xx,xxx,xxx ! On the other hand, it tells you which items your should stock more so that you will deliver on time the right quantity of an item to a customer. Just watch the video below over and over again, and you will realize the great value that this application can bring to your company. 

    • The safety stock level​

    • The re-order point

    • The optimal order quantity

  • Determines the SKU demand patterns​

  • Help you with your Purchase Order proposals: It tells you when to order an item and how much.

  • Reporting

  • KPIs

The calculations mentioned above are complex, and optimize your inventory. This is not done in the Acumatica Cloud ERP. 

This application is straightforward when your demand volume has a steady demand pattern or a certain repeating pattern. This is the case when your company sells consumer items or commercial items with a regular large demand. Especially when you have always a large stock on hand, this application can save you a lot of money, and improve customer satisfaction. 

When you have a seasonal demand, and/or when promotions may impact the demand, more market segmentation and product segmentation needs to be done. For instance in the distribution of foods and beverages, a lot more wine is consumed during Christmas time, a lot more turkeys are eaten on Thanksgiving, a lot more blueberries are eaten when the blueberries are ripe, etc. Eazystock provides for forecasting demand per market segment.

Click here to learn more.

Seasonal and Promotional Demand: Pay Attention

When you have a seasonal demand, and/or when promotions may impact the demand, more market segmentation and product segmentation needs to be done. Check out the video from Blue Ridge.

The video ( 30 mins,  2019)  below gives you an overview of EazyStock.

The video ( 30 mins,  Dec. 2020)  below gives you an updated overview of EazyStock.