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6 Inventory Control Techniques for Stock Optimization

EazyStock

Trends: Product demand is influenced by fashion, technology, social, economic and legal factors. Look out for such trends in your historical demand data and adjust your forecasts accordingly. For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category.

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The fundamentals of demand planning and forecasting

EazyStock

Some ERP or inventory management systems will also offer demand planning functionality. Demand sensing You should also research general industry information about industry trends, market conditions, and economic changes. For example, market growth potential and the percentage gain of market share over a set period.

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The fundamentals of demand planning and forecasting

EazyStock

Some ERP or inventory management systems will also offer demand planning functionality. You should also research general industry information about industry trends, market conditions, and economic changes. Top-down financial analysis measures the total market size while considering existing market trends. Demand sensing.

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Using ABC Analysis in Inventory Management

EazyStock

See an example of ABC analysis in action here. For example, you may want to focus on improving the service levels of your A class products, over your Bs and Cs by increasing your safety stock levels. In a marketplace where trends come and go and product sales can be erratic, items can move from category C to A very quickly.

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How AI and Logistics Tech Can Boost Van, Truck & DSD Sales in the Middle East

Locus

Despite all these strong digitalization trends, there is one intense, on-ground task that we have not covered: delivering consumer packaged goods (CPG) from manufacturing plants to the hundreds, if not thousands of retail stores and outlets. Take Locus’ Dispatch Management Platform (DMP) for example. Try a demo with Locus now!

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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). Identify trends and generate reports for more accurate forecasting.

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How to Manage Inventory in a Growing Business

EazyStock

A build-up of excess inventory and obsolete stock as social trends and technologies quickly change and forecasting models fail to keep up. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Increased operational costs and a lack of warehouse space.