The Best Shopify Apps For Inventory Forecasting
In the ever-evolving world of e-commerce, staying ahead of inventory management is crucial for the success of any Shopify store. To ensure you always have the right products on hand and eliminate the headache of manual forecasting, we present the best Shopify apps for Inventory Forecasting. Whether you currently rely on Excel models or even traditional pen-and-paper methods, these apps are designed to streamline your inventory planning process. By automating demand calculations and adjusting incoming inventory, they not only save you valuable time and money but also eliminate the risk of human error. Stay prepared, and stay profitable with these indispensable tools.
Here is the list of the best Shopify apps for inventory forecasting in 2024:
1. Inventory Forecasting Hero
Introducing a cutting-edge Inventory Purchase Planning Tool, engineered to ensure a perpetual state of optimal stock availability. This ingenious application is tailor-made for those currently employing Excel models or traditional pen-and-paper techniques for forecasting. With unparalleled precision, it meticulously calculates demand and orchestrates incoming inventory adjustments, generating a curated list of products needing replenishment.
Bid farewell to the trifecta of inventory woes: the scourge of overstocking, the perils of under-stocking, and the curse of deadstock. With this game-changing tool, you’ll master the art of profit maximization while minimizing wastage to an art form. Installation and utilization are a breeze, and the dedicated team is at your disposal for seamless onboarding. The era of inventory management has been revolutionized – take control with this app.
Pricing: Free plan available. 14-day free trial.
Rating: 5.0
Features:
- Inventory Forecasting
- Add your incoming inventory to the app for a more precise forecast.
- Customize supplier lead-time and days-of-stock by SKU or store.
- Get the reorder quantity and deadline for each SKU.
- Suitable for single-location online stores
2. Inventory Planner Forecasting
Inventory Planner emerges as the quintessential forecasting solution tailored exclusively for discerning e-commerce and multichannel merchants. Pioneering precision in inventory management, it empowers retailers with unparalleled accuracy in forecasting and analysis, coupled with an effortlessly intuitive inventory reporting system. Upon seamless integration with your sales channels, Inventory Planner diligently synchronizes your sales history, effortlessly incorporating vital data such as vendor lead times. As a result, the system seamlessly generates precise forecasts, guarding against revenue loss due to stockouts, and liberating capital from safety stock and underperforming products, all while optimizing the crucial flow of cash. Harness the power of Inventory Planner to elevate your inventory management to a new echelon of efficiency and profitability.
Pricing: $249.99/month
Rating: 3.9
Features:
3. Stockbot Inventory Forecasting
Elevate your inventory management with precision by forecasting customer demand and achieving pinpoint accuracy in reorder quantities while proactively setting low stock alerts.
Discover the all-in-one solution that empowers you to effortlessly maintain control over inventory forecasting and tracking, all at a reasonable cost. Effectively anticipate replenishment quantities, swiftly identify languishing products, and establish low stock alerts with granularity at the store, product, and variant levels.
By harnessing the power of precise forecasting, you can safeguard against the perils of dead stock, unauthorized inventory shrinkage, and the financial constraints of overstocking and excessive warehousing. This streamlined system automates the responsibilities of a dedicated team, all while offering user-friendly setup and operation, ultimately translating to invaluable time and cost savings. Embrace a new era of inventory mastery and optimization.
Pricing: Free plan available. 14-day free trial.
Rating: 4.7
Features:
- Forecast Replenishment Quantities
- Identify slow-moving products
- Set alerts at store, product, variant level
- Get Daily/Hourly/Weekly emails
- Realtime Web Report
4. Inventoro forecasting
Inventoro is the definitive solution to eradicate the challenges of overstocking and understocking that plague both retailers and wholesalers alike. With Inventory at your helm, you’ll never face the dilemma of running out of a critical product or accumulating excess inventory of slow-moving items.
Effortlessly streamline your replenishment procedures with the capability to create comprehensive bulk purchase orders. Harness the power of forecasting to gain invaluable insights into your sales patterns, identifying your best-selling champions and the underperforming contenders.
Inventoro’s cutting-edge AI-driven replenishment recommendations are poised to revolutionize your profit margins, ensuring optimal stock levels and minimizing capital tied up in excess inventory. Moreover, by consistently keeping your best-performing products readily available, Inventoro elevates customer satisfaction levels, driving your business toward unprecedented success.
Pricing: From $49/month. 14-day free trial. Additional charges may apply.
Rating: 4.7
Features:
- Forecast your sales to prepare for peak seasons.
- Automate your replenishment, so you are never overstocked or understocked.
- Product segmentation will tell you exactly what products are your cash cows.
- Inventory forecast will help you plan cash flow or rent a new warehouse.
- Add as many warehouses as you have.
5. Bee Low Stock Alert & Forecast
Experience unparalleled inventory management with real-time low-stock alerts, automated reorder quantity calculations, and dynamic threshold adjustments driven by cutting-edge forecasting!
Merchbees is your strategic partner for swift and efficient low-stock product tracking and replenishment. Seamlessly receive notifications, ensuring you and your vendors are promptly alerted when inventory levels dip below your designated thresholds. With Merchbees, you’ll preemptively restock products, eliminating the risk of stockouts.
But that’s not all; take control of your inventory management by setting maximum stock levels (order up to level), and watch in amazement as Merchbees deftly computes your reorder quantities with precision. The innovative forecasting module leverages the sales velocity of each product, dynamically recalculating thresholds on a daily basis. Unleash the full potential of your inventory management with Merchbees.
Pricing: Free plan available. 14-day free trial.
Rating: 5.0
Features:
- Create unlimited instant and scheduled alerts, and get email/slack notifications
- Set maximum stock level (order up to level), auto-calculate reorder inventory
- Set dynamic thresholds based on sales forecasting and stock cover days
- Use multiple filters; location, collection, vendor, tag, product, or SKU
- Sales, forecast, and inventory reports with export functionality
Conclusion:
In conclusion, the realm of e-commerce has witnessed remarkable advancements, and the integration of Shopify apps for inventory forecasting stands as a testament to the ever-evolving landscape. These apps offer a powerful arsenal to businesses, enabling them to optimize inventory management, minimize overstock or understock situations, and ultimately enhance customer satisfaction. From predictive analytics to demand forecasting, the best Shopify apps for inventory forecasting empower businesses to make informed decisions, streamline operations, and boost profitability. As technology continues to advance, it is imperative for e-commerce entrepreneurs to embrace these tools to stay competitive in an increasingly dynamic market. Leveraging these apps effectively can be a game-changer, providing a pathway to sustainable growth and success.
