It is important to avoid excess and obsolete inventory to protect your bottom line, but it is equally important that items do not appear “out of stock” so you can protect your brand reputation.
Inventory used to be regarded as an asset not as a cost, but now, the technical challenge is to identify target stock levels for your products based on numerous and moving sources of information, such as;
• Customer expectations,
• Sources of potential supply,
• Sources of potential demand,
• Supplier lead times,
• Available budget.
For online retailers, real-time inventory also needs to be updated across multiple channels. We are integrated with all major webshops and marketplace sellers to enhance this product flow. A full list of these platforms is given under our Multi-Channel eCommerce Services.
What do we offer?
The skill of knowing how much inventory to store in a warehouse in order to meet the demand of the customer is the challenge that all retailers are up against. Our Inventory Forecasting service can provide retailers with cloud based (Saas) inventory management software to help them predict how much stock they need to order across all product lines and multiple stocking locations & warehouses. It also analyses historical data to factor in seasonal impact.
What makes us different?
A big factor in differentiating our Inventory Forecasting and planning services from other companies is the minimal up-front investment.