Inventory Planner automatically forecasts the number of units to replenish for each individual product. It saves your time on manual computation and increases precision.
Sales forecasting is tricky. To do it right, we need to look at past sales to determine possible trends, check for how long products were out of stock to adjust the demand, take into account the product seasonality.
For the most effective demand forecasting you need true demand history, not just sales history. Inventory Planner provides this critical piece by identifying periods of insufficient stock, which are then used to calculate lost sales.
The science of demand forecasting isn't all-knowing. Sometimes you have "insider" knowledge the system doesn't, such as an upcoming price change, a past one-time promotion or a future business expansion. Inventory Planner lets you make manual forecast adjustments for situations like this.
Open-to-buy planning allows buyers to track the amount available to invest in further inventory. Aligning your financial goals and assortment plans helps to ensure that sufficient stock levels are available and over-buying is minimized.
Inventory Planner identifies list of products for most effective promotion. But more importantly it shows you why exactly these products are not selling. The list is ready-made, no more spreadsheets or paper calculations.
Inventory Planner keeps track of your stock and allows you to browse the historical stock data. You can see how much stock you had in the past, what was its cost value and how your turnover changes over time.
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is based on the number of products