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How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Enterprise Resource Planning systems (ERP), Warehouse Management Systems (WMS), and eCommerce platforms can offer a certain level of forecasting. It also reduces the need for you to be a statistical whizz.

article thumbnail

How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Enterprise Resource Planning systems (ERP), Warehouse Management Systems (WMS), and eCommerce platforms can offer a certain level of forecasting. It also reduces the need for you to be a statistical whizz.

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Determining the right stock levels to meet demand is vital for customer satisfaction. Some ERP or inventory management systems will also offer demand planning functionality.

article thumbnail

The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Working out the right stock levels to meet demand is vital for customer satisfaction. Some ERP or inventory management systems will also offer demand planning functionality.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory control is a key function of supply chain management that maintains appropriate quantities of stock to meet customer demand. 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.

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EazyStock for NetSuite has launched

EazyStock

Put simply, it helps you invest in the right stock using the data in your NetSuite ERP. Inventory optimization is about having the right amount of inventory to meet customer demand without wasting money on unnecessary stock. Book a demo to learn more about EazyStock’s functionality and how it can make your demand planning easier.

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EazyStock for NetSuite has launched

EazyStock

Put simply, it helps you invest in the right stock using the data in your NetSuite ERP. Inventory optimization is about having the right amount of inventory to meet customer demand without wasting money on unnecessary stock. Book a demo to learn more about EazyStock’s functionality and how it can make your demand planning easier.