The Go-to Inventory Planning Solution for Retail, DTC, E-Commerce and Wholesale Businesses
Effectively plan your purchasing, in unpredictable times
In the current marketplace, rapidly-shifting customer demand and ongoing supply chain challenges can put your cash flow at risk and make it harder than ever to get the right inventory in stock at the right time. Enter Inventory Planner.
It’s the top-rated inventory planning solution that offers always up-to-date demand forecasting and future-proofed purchasing recommendations.
It’s the tried-and-tested tool that enables merchants, from startups to billion-dollar brands, to stop overstocks and out-of-stocks for good and always have the perfect inventory to meet demand.
Buy what your customers want – and always get it on time
Forecast accurately, buy confidently
Inventory Planner offers high-accuracy demand forecasting by constantly analyzing various fluctuations such as seasonality, new sales patterns, promotions, unusual spikes or drops. It then translates it into reliable buying recommendations for all your products including seasonal, non-seasonal, retail and wholesale products.
Shorter purchasing cycle, healthier cash flow
Planning your purchasing months or even years ahead might reduce stockout risk, but it adds a burden to your cash flow, which can ultimately put your business in danger. With Inventory Planner, you can shorten your purchasing cycle while still keeping stockout risk low (and releasing much-needed cash). How? Adjust ideal ‘stock cover days’ at any level (such as SKU or supplier) to match your purchasing frequency with each item’s supply patterns.
Act quickly on your cash-drainers
Thanks to shifting customer demand, you have to know the precise moment when you should release cash from slow-moving products and reinvest it in trending items. Inventory Planner highlights your overstocked items alongside key info including the cost of each overstocked item, so you can quickly see which items to liquidate first to release cash.
Easy bundle and assembly forecasting
It’s vital to choose an inventory planning software that automates bundle and assembly inventory planning to save time to avoid overbuying certain components and underbuying others. Inventory Planner accurately forecasts demand by bundle or assembly and breaks it down to how much inventory of each component is needed and when it needs to be ordered.
Actionable inventory insights
Master your inventory performance with over 200 meaningful metrics such as forecasted revenue, forecasted profit, retail value, overstocked units and more. Plus, Inventory Planner integrates with Google Analytics to take your reporting to the next level. Easily assess a product’s page views with its sales performance to understand if it should be merchandised differently on your webstore to drive more sales.
Buy new styles with confidence
Does investing in new products feel like a gamble? Inventory Planner eliminates the guesswork by allowing you to ‘borrow’ sales data from similar products as a reference to predict future demand for new products. You’ll get buying recommendations for every variant (including size, color, material), so you can invest with confidence.
Optimize your buying budgets
If the value of your inventory value is high, or if you stock lots of seasonal items, it’s essential to ensure you get your budgets spot on. Inventory Planner’s Open-to-Buy (OTB) feature lets you plan your buying budgets by month or retail weeks to meet your goals, based on your key metrics like previous years’ revenue, expected margins and even the exact number of units you need to order based on retail price.
Forecast for multiple warehouses
Multiple sales channels plus multiple warehouses can equal multiple headaches. Not with Inventory Planner. Inventory Planner cleverly forecasts demand for all of your locations including your own warehouses, Amazon FBA, and 3PLs, and tells you what to buy and when to order for each location accordingly. It even tells you if a warehouse transfer can balance your inventory across locations, without ordering new stock.
Time-saving PO management
If you use lots of suppliers, including some overseas, to keep your costs low, placing POs can be time-consuming and prone to errors. With Inventory Planner, you can place purchase orders directly from your buying recommendations. Plus, pre-set all your supplier information such as currency, minimum order quantity and payment terms so they can be automatically applied to a new purchase order, saving you hours of valuable time.
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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