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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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EazyStock for NetSuite has launched

EazyStock

Put simply, it helps you invest in the right stock using the data in your NetSuite ERP. You can prevent stockouts and invest in the right stock with accurate forecasts that account for seasonality, trends, promotions – and more. Book a demo to learn more about EazyStock’s functionality and how it can make your demand planning easier.

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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. EazyStock is inventory optimization software that connects to your ERP system to support demand planning.

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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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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. Many ERP and WMS systems will use one of these approaches. Schedule a Demo.

article thumbnail

EazyStock for NetSuite has launched

EazyStock

Put simply, it helps you invest in the right stock using the data in your NetSuite ERP. You can prevent stockouts and invest in the right stock with accurate forecasts that account for seasonality, trends, promotions – and more. Book a demo to learn more about EazyStock’s functionality and how it can make your demand planning easier.