Inventory Forecasting and Planning
Inventory forecasting and planning are important for all retail companies especially in the field of eCommerce. It helps brands in reducing their storage costs, more efficient production planning, reduces non-sellable stock, increases customer satisfaction, etc.
EasyEcom’s inventory forecasting and planning is a very easy process for retailers like you, which will help you in improving your business operations and increasing customer satisfaction.
Our inventory aging report identifies stale inventory. Once you have identified this, you can plan seasonal sale offers to free up your working capital occupied in this stock.
You can plan your inventory based on multiple e-commerce platforms and brick-n-mortar stores combined.
EasyEcom offers you flexibility in planning your inventory, based on different time frames, such as sales velocity during holidays, seasonal sales, etc.
EasyEcom will send you alerts, at inventory reorder points, so that you never go out of stock.
If required, backorders can now be accepted and new purchase orders can be created for the respective vendors again.
Once your inventory forecast is prepared in advance, you can work on your Purchase Planning and Purchase Orders using EasyEcom.
With proper demand planning, brands have experienced a 98% decrease in their stock-outs and 85% improvement in overstocking errors.
To know more about the importance of Inventory Forecasting and how EasyEcom can help your business with it read this.
Inventory snapshot reports help retailers in keeping a track of their inventory and thereby help you in inventory analytics. EasyEcom’s inventory snapshot is beneficial to retailers like you as it provides you with: 1. Status Report- This report ...
Why should you have an Inventory threshold? Inventory threshold is the inventory quantity at which EasyEcom will send you an alert so that inventory planning can be done timely. This will enable you to plan your stock purchase so that the product is ...
1. Can I add my manufacturing unit as a vendor in Vendor Master. Also can I raise Purchase Orders to my factory from EasyEcom? Yes you can raise Purchase Orders to your factory from EasyEcom. However, please note you will not be able to manage raw ...
Defining Inventory Threshold Channel Wise
You can now list a fixed inventory count (more or less than the actual inventory available at the warehouse) channel-wise based on your requirement. With the functionality of listing a higher inventory count, you increase the chances of potential ...
Updating inventory for a given SKU.
Step 1: Go to inventory------------>Manage Inventory Step 2: Enter the sku and click on search Step 3: Click on QUANTITY column, enter the stock or inventory and click on save