Start optimizing stock levels. This helps you to get stock covers, reorder points and more. Import data from many 3rd party apps. 1-click inventory optimization report can sort replenishment orders by suppliers to ease reordering.

Pros: Start optimizing stock levels through Lokad Safety Stock Calculator. Idle inventory being a prime waste of money and a factor that profit margins directly. Optimizing stock levels then is an essential exercise for retailer and manufacturers. Get stock covers, reorder points and more through this application. Some of the things one can do with it are sales forecast, Stock coverage or the time to reach a shortage if no reorder is made, Reorder points or amount of inventory that should trigger a reorder etc. The Lokad package helps forecast customer demand. Some benefits that accrue are time savings on inventory replenishment, reduction of the amount of inventory, increase in sales through better service levels.

Import of data from many 3rd party apps is possible too with this application. A large number of applications supported include CubeCart, CRE, Loaded, Dynacom, Jfire, Magento, Mediachase, MYOB, Neogia, Openbravo, opentaps, osCommerce, Prestashop, QuickBooks, Sage, ViArt, VirtueMart, WebERP, ZenCart and X-Cart. The 1-click inventory optimization report helps optimize stock levels for various items held in stock. Sort your replenishment orders by suppliers. Best suited for retail, manufacturing and eCommerce.

In order to produce the reports, LSSC depends on two other applications a business database where the inventory data is retrieved from. LSSC supports natively many 3rd party applications. An editor available let you easily design connectors for custom or unsupported applications. The second application is a forecasting service provided by the publishers. While the application is an open-source application and hence free it relies on subscription plan.

Cons: Depending on a third party forecasting may make many a user not very confident. Thus a way of interfacing in-house forecasting would be useful.

Overall: A very good level of 3 stars.