Keep Your Inventory On Trend, Even When Fashions Change
Influencer culture means fashion trends are moving faster than ever – and if your brand can’t keep up, it will quickly go out of style.
You need the power to switch up your inventory to meet rapidly-changing demand – otherwise you risk missing sales opportunities or tying up your cash in items that are already out of fashion.
Enter Inventory Planner. It intelligently predicts demand and offers buying recommendations you can count on, even when trends change overnight.
Features for fashion retailers
Fashion-focused demand forecasting
Not all fashion and apparel goods sell in the same way. Seasonal, non-seasonal, fast-fashion, slow-fashion, retail and wholesale products each need a different forecasting approach for optimized accuracy. Inventory Planner offers forecasting models that work for all your products, so you always know the exact inventory you need to meet demand.
SKU-level inventory planning
If you have a large catalog that includes variants for each item, such as cut, size, color and fabric, it can be extremely challenging to work out how much of each variant to order and when to order it. Inventory Planner makes it simple. It offers reliable purchasing recommendations at variant level, saving you hours on tedious, error-prone calculations.
Shorter purchasing cycle, less safety stock, healthier cash flow
Do you plan your purchasing months (or even years) in advance to avoid the risk of stockouts? With Inventory Planner, you can shorten your purchasing cycle while still keeping stockout risk low (and releasing much-needed cash). How? Shorten your ideal ‘stock cover days’ on fast-supplying items, while keeping some margin on items that are having supply shortages.
Buy new styles with confidence
Does investing in new products feel like a gamble? Inventory Planner’s Assortment Report eliminates the guesswork by allowing you to ‘borrow’ sales data from similar products. At a glance, you’ll see predicted demand for your new products and buying recommendations for every variant, including size, color and pattern.
Plan your purchasing budgets
Inventory Planner’s Open-to-Buy (OTB) feature lets you plan your buying budgets by month or retail weeks. Plan at the level that works for you – according to SKU, category or by your custom product tags. Plan your budgets based on metrics like your previous years’ revenue, expected margins or even the exact number of units you need to order based on retail price.
Optimize merchandising to boost sales
Inventory Planner translates all your inventory and sales data into 200+ meaningful metrics to help you easily identify your bestsellers, cash drainers and periodic trends. Plus, integrating with Google Analytics, Inventory Planner offers you combined marketing and inventory metrics to help better merchandise the products in your online stores.
Forecast for multiple inventory locations
Inventory Planner tells you how much inventory is needed and when to order it to meet demand for each of your locations including your own warehouses, brick and mortar stores, Amazon FBA and 3PLs. Plus, it offers smart warehouse transfer insights to help you balance inventory across locations before ordering new stock.
Optimize your shelf space and shipping
Inventory Planner includes intuitive features to help you optimize your logistics. Factor your shelf space capacity in every warehouse into your buying recommendations. Scale your purchase orders to max out the space or weight available in containers, reducing the unit shipping cost of each item.
Bundling and assembling made simple
Bundling and assembling can add mind-boggling complexity to your forecasting and inventory planning if done manually – but Inventory Planner is built to automate it. Always know how much inventory you need of each component and when to place the order to make sure you have the bundle or assembled products available when your customers want to buy.
Get your customer demand forecasts and inventory buying recommendations
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Frequently Asked Questions
It starts with your data
Your inventory and sales data is the foundation on which our accurate forecasting and inventory planning is built on. That’s why we’ve made it easy to seamlessly and securely add it to Inventory Planner.
No matter where you store your data (whether it's your online stores, inventory and order management systems, warehouse management systems, or ERP, EDI, accounting tools and spreadsheets); we’ll get you connected so that you get forecasting and inventory buying recommendations that are accurate, reliable and always up-to-date.
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