EazyStock - Powered by Syncron Inc.

https://www.startus.cc/company/eazystock-powered-syncron-inc

333 N. Michigan Avenue

13th floor

Chicago, IL 60601

United States

Website

https://www.facebook.com/EazyStock/

https://twitter.com/eazystock

General information:

EazyStock is a cloud-based inventory optimization software for Wholesalers and Distributors. Our Inventory optimization solution delivers cost savings up to 50% while maintaining a high product availability.

We came from the world of enterprise software with the confidence as the leader in the space and the knowledge of everything about inventory management – but we soon realized that smaller companies have different requirements. Simplicity, automation and seamlessness are necessities for optimized inventory management. With this in mind, we built a true SaaS solution for the small- to mid-sized business, because we believe that no entrepreneur should have to put up with bulky, complex systems.

Company information:

Company type:

Consulting Service

Industry:

IT - SaaS, IT - Service

Founded when:

Wednesday, 1 January, 2014

Startup stage:

Mature stage (being profitable)

Funding needs:

currently no funding needs

Total numbers of employees:

Products and Services:

Demand Forecasting

Product category:

Demand Forecasting

An accurate demand forecast is the basis for a correct purchasing decision ensuring the perfect stock balance. EazyStock’s pattern-driven demand forecasting significantly improves planning accuracy across thousands of inventory items, eliminating the costly inaccuracies that result in both over and under-estimations of customer demand.

Inventory Optimization

Product category:

Inventory Optimization

Meet your target customer service levels with minimum tied up capital and lowest possible inventory costs. EazyStock optimizes safety stock and reorder points, and the width and depth of the assortment to be kept in stock, as a function of the desired service level.

Replenishment Execution

Product category:

Replenishment Execution

EazyStock’s automated Replenishment Execution generates optimized order proposals daily. The optimized order suggestions, including when and how much of each product needs to be purchased or manufactured, are forwarded to your Enterprise Resource Planning (ERP) system when approved by planners or purchasers.

Promotion Management

Product category:

Promotion Management

EazyStock dynamically tracks all your marketing and sales campaigns that impact your demand and stocking decisions. Not having enough stock when there’s a surge in demand, or having stock left over when the promotion ends, can both lead to diminishing returns on inventory investment.

Managing Seasonality of Inventory

Product category:

Seasonality of Inventory

Seasonality is defined as a characteristic of a time series in which data experiences regular and predictable changes, which recur every calendar year. At EazyStock, we know that seasonality in inventory management can often wreak havoc on supply chain performance and profitability.

Multi-location Planning

Product category:

Multi-location Planning

Multi-location planning, also known as multi-echelon planning, enables business owners with inventory planning and optimization capabilities across multiple distribution centers and warehouse locations.

Key Performance Indicators

Product category:

Key Performance Indicators

In order to make informed operational, tactical and strategic decisions as well as monitor business performance, companies depend on a common view and a reliable reporting process. EazyStock offers a customizable dashboard for monitoring operational key performance indicators (KPIs) so you can take control of your inventory management, thereby increasing your service level and competitiveness.

ERP Integration

Product category:

ERP Integration

We know you don’t want to get caught up in long and costly integration projects, so we made EazyStock easy to connect to your ERP, regardless of which system you are using.

Impressions:

FAQ:

What does inventory management software do?

Inventory management software typically includes forecasting and replenishment modules. Forecasting helps you balance target service level or expected demand with inventories kept in stock 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 optimization software employs complex algorithms to recommend what to stock and in which quantities for meeting 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 includes inventory optimization and product life-cycle tracking which are key components for successful inventory management.

How does inventory management software differ from other supply chain software?

The broadest definition of the term “inventory management software” would have to include Enterprise Resource Planning (ERP) and Material Requirements Planning (MRP) legacy software that records basic data on inventory. Advanced Planning and Scheduling (APS) tools help manage the raw materials and components used in manufacturing, and Warehouse Management Systems (WMS) have analogous features for warehouse inventory management. Today, the term “inventory management software” denotes a distinct category of specialized tools for collecting and analyzing inventory-related information for planning purposes.

What is the difference between inventory management software and warehouse management systems?

A warehouse management system (WMS) primarily aims to control the movement and storage of materials within a warehouse and process the associated transactions, including shipping, receiving, and fulfillment. It controls and optimizes the movement, storage, and tracking of inventory in and around a warehouse. In contrast, inventory management software optimizes what products to keep in stock and in which quantities. Inventory management systems optimize the safety stock, reordering points and the economic order quantities (EOQ) of inventory to ensure that future demand can be meet according to plan.

What are the advantages of using inventory management software?

There are very few projects that can increase profitability as much as inventory management in companies where the inventory or product flow is the core business. The quickest return on investment often comes from lower carrying costs. Below is a direct quote from an EazyStock customer outlining their operational and financial benefits of optimizing their inventory:

What is required to implement inventory management software?

Integration, data quality, and training are usually areas that require attention. Inventory management software must be integrated into existing ERP systems, often at great expense. Evaluate different system provider’s capabilities to integrate or transfer data between your ERP and the inventory management solutions. Often an implementation project takes 3 to 6 month but with EazyStock, you can get started with a simple Excel import and export data transfer. We have you up and running in days and your business will get value from the system within a week. Users often need training in inventory management methodologies before being able to handle the software. Just because the functionality in a system is advanced, it doesn’t mean that the user interface and usability requires a Ph.D. degree. We believe that every manufacturing and distribution company keeping stock should have access to a great inventory optimization tool that is easy to understand and maintain. This is why we have developed EazyStock.

EazyStock - Powered by Syncron Inc.

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