EazyStock

What is EazyStock

EazyStock is a cloud-based software designed for inventory optimization, specifically for small and medium-sized businesses (SMBs). Its main purpose is to help companies manage their stock more efficiently by using artificial intelligence (AI). The software connects to a company's existing Enterprise Resource Planning (ERP) system to automate tasks like demand forecasting, inventory planning, and replenishment. By automating these processes, EazyStock helps businesses reduce excess inventory, prevent stockouts, and lower holding costs. The tool is developed by Syncron, a company with a long history in supply chain management solutions. EazyStock is positioned as an easy-to-use solution for wholesalers, distributors, retailers, and manufacturers looking to improve their supply chain performance without a massive investment.

EazyStock Features

EazyStock offers a range of features to automate and improve inventory management.

• AI-Powered Demand Forecasting: The software uses machine learning algorithms to analyze historical sales data and identify trends, seasonality, and demand patterns. This results in more accurate demand forecasts compared to manual methods.
• Inventory Optimization: EazyStock automatically calculates key inventory parameters such as reorder points, safety stock levels, and order quantities. This ensures you have enough stock to meet demand without carrying excess inventory.
• Automated Replenishment: The system generates optimized order proposals automatically. Inventory managers only need to review and approve the suggestions, which saves a lot of time on manual purchasing tasks.
• ERP Integration: It is built to connect with many different ERP systems. This allows for a smooth flow of data between your core business system and the inventory optimization tool.
• Supplier Management: You can manage supplier information, such as lead times and order calendars, within EazyStock. This helps in planning orders more effectively, especially around supplier shutdowns or holidays.
• Inventory Policy Management: Users can set specific service level targets for different items based on their value or sales velocity. The system then adjusts stock levels to meet these targets.
• Reporting and Analytics: The software provides dashboards and reports that give clear visibility into inventory performance, including stock value, turnover rates, and potential stockouts.

EazyStock Pricing Plans

EazyStock offers customized pricing based on the specific needs of a business. The pricing structure is typically tiered and depends on factors like the number of stock-keeping units (SKUs) being managed, the number of users, and the level of functionality required. While specific prices are not publicly listed, the plans are designed to scale with a company's growth.

• Entry-Level Plan: This plan is suitable for smaller businesses just starting with inventory optimization. It usually includes core features like demand forecasting and basic replenishment for a limited number of SKUs.
• Professional Plan: Aimed at growing businesses, this tier offers more advanced features, supports a larger number of SKUs, and may include multi-location management and more detailed analytics.
• Enterprise Plan: This is for larger organizations with complex supply chains. It includes all features, premium support, custom integrations, and dedicated account management.

EazyStock Free Plan

EazyStock does not offer a traditional free plan for its full software. However, it provides a free inventory analysis tool that allows businesses to upload their data and get a report on their inventory health. This report can identify areas for improvement, such as excess stock or potential stockouts. For the full software, prospective customers can request a personalized demo to see the platform in action and discuss their specific requirements with an expert.

How to use EazyStock

Getting started with EazyStock involves a clear, four-step process.

1. Connect Your ERP: The first step is to integrate EazyStock with your existing ERP or business system. EazyStock has pre-built connectors for many popular ERPs, which makes this process fast. This connection allows the software to pull necessary data like sales history, stock levels, and supplier information.
2. Forecast Demand: Once connected, EazyStock's AI algorithms automatically analyze your data to generate accurate demand forecasts for every item in your inventory.
3. Optimize Inventory: The system then uses these forecasts to calculate optimal inventory levels. It determines the right reorder points and order quantities for each SKU to balance service levels and inventory costs.
4. Place Orders: EazyStock generates a list of recommended orders. Your purchasing team can review these suggestions, make any adjustments if needed, and then confirm them with a single click. The orders are then sent to your ERP for processing.

Pros and Cons of EazyStock

Pros:

• Reduces manual work by automating forecasting and ordering.
• AI-driven forecasts are more accurate than traditional methods.
• Helps lower inventory holding costs and reduce excess stock.
• Improves stock availability and prevents lost sales due to stockouts.
• Easy integration with a wide range of ERP systems.
• Designed specifically for the needs of SMBs.

Cons:

• The initial setup and integration can require technical assistance.
• The quality of the output depends heavily on the quality of the data in your ERP.
• Pricing is not transparent and requires contacting the sales team for a quote.
• May be too advanced for very small businesses with simple inventory needs.

EazyStock integrations

EazyStock is designed to integrate seamlessly with a wide variety of Enterprise Resource Planning (ERP) systems. This is a core part of its functionality, allowing it to enhance the inventory management capabilities of these platforms. Integrations are typically handled through pre-built connectors or custom API connections.

• Microsoft Dynamics 365 Business Central & NAV: Pre-built connectors allow for quick and easy integration.
• NetSuite: Connects to sync sales, inventory, and supplier data.
• SAP Business One: Offers integration to enhance its inventory planning features.
• Epicor Prophet 21: Integrates to provide advanced forecasting and optimization.
• Acumatica: Connects to automate replenishment within the Acumatica environment.
• Other ERPs: EazyStock can also connect to many other systems like Sage, Infor, and Oracle through its flexible integration framework.

EazyStock Alternatives

• Netstock: A strong competitor also focused on inventory optimization for SMBs. Netstock is known for its user-friendly dashboard and focus on inventory health. EazyStock differentiates with a stronger emphasis on its AI and machine learning capabilities.
• Cin7: An all-in-one inventory management platform that includes features for order management, warehouse management, and POS. Cin7 is broader in scope, while EazyStock is a specialist tool focused purely on optimization.
• Fishbowl Inventory: A popular inventory management solution for manufacturers and wholesalers, particularly those using QuickBooks. Fishbowl offers robust manufacturing and warehouse features, whereas EazyStock is more focused on the demand planning and replenishment side.
• Zoho Inventory: Part of the larger Zoho ecosystem, this tool is great for small businesses looking for an affordable and easy-to-use solution. It is less advanced in its forecasting and optimization capabilities compared to EazyStock's AI-driven approach.

EazyStock API

Yes, EazyStock provides an API to allow for custom integrations with various business systems, including ERPs that may not have a pre-built connector. The API is a key part of their integration framework, enabling a flexible and secure way to transfer data between EazyStock and other software. To get access to the API and its documentation, you typically need to be a customer or an integration partner. The process involves contacting their technical support or implementation team, who will provide the necessary credentials and guidance.

Here is a conceptual example of what an API call might look like to fetch inventory data:

{
  "method": "GET",
  "url": "https://api.eazystock.com/v1/inventory/items",
  "headers": {
    "Authorization": "Bearer YOUR_API_KEY",
    "Content-Type": "application/json"
  },
  "params": {
    "location_id": "US-WAREHOUSE-1",
    "limit": 100
  }
}

EazyStock Affiliate program

EazyStock does not have a public-facing, traditional affiliate program where individuals can sign up for a link and earn commissions. Instead, they operate a Partner Program focused on collaboration with ERP resellers, consultants, and technology providers. These partners work to bring EazyStock's inventory optimization solution to their own clients. Benefits for partners typically include referral fees or revenue sharing, co-marketing opportunities, and technical training. If you are interested in becoming a partner, the best approach is to contact their sales or partnership team directly through their official website to discuss a potential collaboration.