Inventory Planner is excited to announce it is launching a new integration with Skubana. This partnership will benefit both current users of Skubana and Inventory Planner to provide eCommerce retailers with robust inventory demand planning software.
How does it work?
Once Skubana and Inventory Planner are connected, the first thing to do is sync the sales history and product information. Use Inventory Planner’s launch guide to learn how to create the most accurate forecast for your store through customizing days of stock and lead time.
Once you complete the setup, Inventory Planner creates your purchase orders using its replenishment recommendations. Your saved POs are now instantly synched with Skubana.
I am a current Inventory Planner user. How do I benefit to integration with Skubana? What type of store makes for the best fit?
Skubana is an inventory and order management platform that unifies your sales channels, warehouses, and fulfillment operations. Skubana is designed for pre-launch companies, high-growth brands, and marketplace sellers.
Using current stock, Skubana creates a vendor catalog that allows users to see and connect with suppliers. Skubana organizes the vendors based on their roles, beginning with the manufacturers and continuing with suppliers all the way to dropshippers.
Skubana’s robust analytics hub enables operators to generate reports on channel profitability, product performance, VIP customers, and more. Coupled with Inventory Planner’s strong forecasting abilities, this allows retailers to decrease replenishment risks, and increase profitability for the fastest-selling SKUs. Goals become clear, and solid estimates are obtained on revenue generation and details about unit margins.
I already use Skubana. How do I benefit from an integration with Inventory Planner?
You are a Skubana user because you want to use a cloud-based enterprise resource planning solution for your small- to mid-sized eCommerce site. One of the great features Skubana offers is its forecasting functionality. It can handle straightforward situations of looking at nonseasonal forecasting where items sell on a consistent basis.
Inventory Planner can enhance this feature when forecasting needs get more complicated. Use seasonal forecasting when products are seasonal by default: This setting enables seasonality for all variants. This forecast method refers to sales during the same months in prior years as a reference for forecasting. This is beneficial for holiday and seasonally driven items as long as there is at least twelve months of history.
If seasonality is enabled, an increase in sales from December 2017 to December and again from December 2018 to December 2019 will drive an increase in the forecasted sales for December 2020. You see the peaks and valleys while looking at what happened in the previous twelve months. This allows you to pick up on year over year increases. If the variant is selling twice as much as it did the prior year, you want to know that in addition to getting the seasonal peak.
How does Inventory Planner and Skubana help prevent overselling?
With Inventory Planner, you can also adjust forecast using out-of-stock information. Inventory Planner automatically detects when a product is out of stock starting from the moment you connect your store to Inventory Planner. How much do customers demand when a variant is available for purchase? This data helps to estimate the demand correctly.
Without considering that granularity (out-of-stock vs in-stock days) and only focusing on big picture changes, retailers could be at risk of under forecasting trending demand.
Within Skubana, sellers have the ability to automate available inventory allocation for products across different sales channels. This can help prevent the overselling of this product while you are in the process of replenishment.
How can this improve bundle and kit management?
Are you tired of trying to control bundles and kits? Inventory Planner reports allow you to forecast demand for bundles and kits while allowing you to easily create POs for the necessary components, all while transferring the assembled bundles to where you need them quickly and easily.
Product bundling is a popular way for e-commerce sellers to sell more of their products, and in turn, increase their profits. Maybe you find it difficult to manage multiple warehouses for all your inventory in addition to the kits and bundles. Not to worry! Inventory Planner and Skubana have you covered! Inventory Planner’s forecast demand for each warehouse allows you to maximize your inventory investment. With Skubana, you can easily transfer that inventory to different warehouses or even break-down those bundles when they are no longer profitable.
Inventory Planner + Skubana = Better Together!
When used together, Inventory Planner and Skubana can help you regain control over inventory fluctuations. This way, you have only what you need on the shelves, you are avoiding stock-outs and overstocking, and you always have the right products in the right place at the right time.
Are you ready to get started? Connect with your store right now!