Inventory demand forecasting introduction

NEW: We are incorporating COVID-19 indicator to predict your inventory levels and sales at the time of crisis!

Inventory demand forecasting will optimize your inventory levels to ensure that you have products available for your customers and decrease the amount of unused inventory stock at the same time.

Inventory Demand Forecasting Module

A small or large company, selling online or in the stores, inventory demand forecasting software is the key will give you clear and actionable predictions in order to improve your cash flow by decreasing excess inventory levels. It also helps you to improve your supply chain efficiency by forecasting sales and reorder quantities so you can serve all your customers without any delay.

Don’t you have experience with predictive analytics in your company? No internal resources to deal with data challenges? Are you looking for affordable but still accurate and precise solution? Claim your one-hour free consultation with one of our experts!

How We Do It

Our software solution is automatically combining and evaluating historical sales and external data and helping you to optimise inventory levels, purchasing decisions, sales predictions and therefore decrease the cost and increase revenue. ERP will help you to build a clear and honest sales pipeline of your company, branch, product line or individual product.

How Does It Work

The software installed in a matter of minutes on your local environment, data is loaded from spreadsheets or imported from your system and system will do for you data validation and provide you recommendations on potential data cleansing.

iERP software will execute self-learning on your data so it can generate Sales forecast combining datasets of historical sale, seasonality, location-specific information, and economic indicators. Built-in what-if methodology is projecting revenue trends when new products added or if the product is planned to be phased out from the company portfolio.

Software is working with your data locally without sending data to the cloud and results can be reviewed directly in the software, exported as spreadsheets or you can use optional API integration into your ERP/CRM system. We care about data privacy.

Benefits

  • Saving on working capital by reducing on-hand product quantity locked in your stock rooms up to 30%
  • Reduce the costs of unsold goods by precisely planning of production
  • Prepare more precise budgets and sales forecast
  • Develop your pricing and promotions strategy based on-demand data
  • Have accurate predictions with additional parameters like COVID-19, weather and economic indicators

Increase your revenue and reduce cost with Inventory demand forecasting today.

Contact us and we will help your business to predict the future.

Book your 1-hour free consultation

Would you like to learn more about our Inventory demand forecasting algorithm?

Inventory demand forecasting (pdf brochure)Sales forecasting (under the hood)

Algorithm suitable for:

  • Retailers
  • Wholesalers
  • Manufacturing
  • Distribution Companies
  • eCommerce businesses