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The Working Capital System · four modules that build on each other
01Working Capital Designyour inventory strategy02Integration Accelerator™the ERP connection03Order Steering™ordering rules for your purchasing04Managed Operationsongoing operations
ToolWorking capital calculatoryour potential in numbersKnowledgeInsightshands-on knowledge on inventory and purchasingTechnologyEazyStockthe inventory-optimisation softwareTechnologyEazyERPthe middleware to your ERP
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Working Capital Designyour inventory strategyIntegration Accelerator™the ERP connectionOrder Steering™ordering rules for your purchasingManaged Operationsongoing operations
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Working capital calculatoryour potential in numbersInsightshands-on knowledge on inventory and purchasingEazyStockthe inventory-optimisation softwareEazyERPthe middleware to your ERPweclappEazyStock for weclappSelectLineEazyStock for SelectLineAlphaplanEazyStock for AlphaplanpixiEazyStock for pixiOpaccEazyStock for OpaccSAP Business OneEazyStock for SAP Business OneDynamics NAVEazyStock for Dynamics NAVBusiness CentralEazyStock for Business CentralAcumaticaEazyStock for AcumaticaComarchEazyStock for Comarch
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Inventory optimisation in 3 steps: forecast, optimisation, procurement.

The key points

  • Inventory optimisation runs in three steps: forecast demand, optimise parameters, execute orders.
  • The forecast determines what you expect. The optimisation determines safety stock, reorder point and quantity per article.
  • Procurement turns that into order proposals that your purchasing only has to approve.
  • Anyone who starts at the third step and just orders faster is optimising symptoms: the order is the point.

Step 1: how does a usable forecast emerge?

The basis is consumption history per article: 12 to 24 months, cleaned of outliers like one-off orders. On top of that, forecasting methods compute that detect trend, season and demand patterns. What matters is less the method than data hygiene: a forecast on unmaintained master data is noise with decimal places.

Step 2: what does optimisation concretely mean?

From forecast, lead time and target service level, the parameters per article emerge: safety stock, reorder point, order quantity. The calculations behind them are textbook. Optimisation means not setting these values once, but continuously updating them: classification, lifecycle and demand change.

Step 3: how does the optimisation reach day-to-day work?

The last step translates parameters into order proposals: which article, which quantity, from which supplier, today or next week. Your purchasing checks exceptions instead of every item. How such a proposal emerges is shown by the article on replenishment.

The most common shortcut is the most expensive: starting straight at step 3 and just ordering faster. Without forecast and parameters you order the same wrong inventory, just more efficiently.

Keep reading

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Inventory planning: the second step in inventory management.

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Logistics vs. supply chain management: definition and differences.

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