Optimal stock level maintenance
Your updated assortment is clear, the products are laid out on your shelves and you have prepared great marketing promotions. And the holidays are just around the corner! Of course, you do not want to disappoint your customers and greet them with "gaps" on the shelves. But you also do not want to keep "sour" goods on the shelves that will have to be marked down or thrown away after a while.
Depending on whether the business is wholesale or retail, the Terra Stock intelligent system uses different algorithms (including AI) and settings according to how complex the product movement is and the company's or store's historical and current sales data, and calculates a sufficient, optimal stock level for each product. When it detects an unexpected change in a product's sales (unstable demand, a promotion, seasonality, a holiday period), it reacts quickly by replenishing the product to avoid "gaps", or by stopping replenishment if goods risk going "sour". Terra Stock can suggest changing a product's selling conditions if the indicators show that its profit efficiency has changed significantly.
Benefits
The Terra Stock intelligent system offers advanced stock management solutions for efficient stock accounting in the company. The system uses various models and methods, including artificial intelligence algorithms, to maintain the optimal stock level. Using historical and current sales data, Terra Stock calculates the optimal stock level for each product. Stock accounting and optimization use the stock record card and other documents that help track stock changes. The system reacts quickly to changes in product demand, suggests adjusting selling conditions and so ensures efficient stock management.
Other modules
1Assortment and shelves
2Stock and orders
3Prices and profit
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