Remove Demo Remove ERP Remove Examples Remove How To
article thumbnail

How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Before you can calculate carrying cost, you’ll need to calculate the following numbers: Opportunity Cost: This is the amount of capital (cash) you have tied up in unsold inventory that could have been invested elsewhere (on more profitable products, for example). Easily track metrics such as inventory turnover or cost per unit.

article thumbnail

How to Manage Inventory in a Growing Business

EazyStock

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. The post How to Manage Inventory in a Growing Business appeared first on EazyStock.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. For example, EazyStock has an order fill-up feature that allows you to work to minimum order quantity, value or weight restrictions. The Importance of Improving your Inventory Turnover.

article thumbnail

6 Inventory Control Techniques for Stock Optimization

EazyStock

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Understand your demand.

article thumbnail

eCommerce Warehouse Management: Everything You Need to Know

Conger

How to choose the right system for you. How to Choose an eCommerce Warehouse Management System. For example, these systems can handle tasks ranging from: Receiving goods. For example, a Shopify storefront is an eCommerce platform. A Shopify storefront is an example of an eCommerce platform. Let’s dive in!

article thumbnail

The fundamentals of demand planning and forecasting

EazyStock

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. Some ERP or inventory management systems will also offer demand planning functionality. How can EazyStock help?

article thumbnail

The fundamentals of demand planning and forecasting

EazyStock

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. Some ERP or inventory management systems will also offer demand planning functionality. How can EazyStock help?