Keeping stock burdens trading companies, ties up capital and takes up warehouse space. However, full warehouses are essential for the Supply Chain. Without enough stock, differences in supply and demand cannot be covered, nor can you respond flexibly to customers’ demands. Whoever can deliver and sell the goods will ultimately win in the market.
There’s a fine line between keeping dead stock and a healthy inventory that supports your business goals, and striking that balance for every item is difficult. To manage your stock well, you not only need to correctly estimate the demand and monitor supplier reliability but must also order the right quantity of goods at the right time. This is difficult even with a few items, but what if you have tens of thousands, and you sell them through a network of hundreds of brick-and-mortar stores in addition to an e-shop?
With VERITICO STOCK, overwhelming calculations are a thing of the past. Just connect the software to your information systems and set up your business strategy. VERITICO STOCK does all the calculations of forecasts, standard deviations, quantiles and other statistics for you. Your buyers will then just receive order suggestions that reflect your business strategy, and you will clearly see how your inventory is working for you via reports. As a result and over time, your stock will decrease and availability will increase. You buy less, you earn more.