EazyStock Provided by Syncron UK Ltd FAQ

Inventory management software typically includes forecasting and replenishment modules. Forecasting helps you balance your target service level or expected demand with your current stock levels and incoming supplies. Replenishment helps determine the safety stock levels that are needed at points along the distribution chain to satisfy orders at a given fill rate. A subset known as inventory optimisation software employs complex algorithms to recommend what to stock and in which quantities to meet demand across the entire supply chain or at a specific location. Inventory management software is available standalone or in ERP and supply chain management (SCM) suites. However, not all solutions include inventory optimisation and product life-cycle tracking which are key components for successful inventory management.