How does this app compare?

Our team of resident Shopify nerds have reviewed 1000s of Shopify apps to help you make the best decision. Compare the top apps against your need below.
Last Updated:
December 10, 2024

Optimize Stock Levels and Maximize Profits with Smart Forecasting

Find it on the Shopify App StoreFind it on the Shopify App Store
Get Started

Effective inventory management transforms how merchants respond to shifting customer demands. This app provides precise demand forecasting, ensuring timely ordering that aligns perfectly with sales cycles. Simplifying the purchase order process, it facilitates seamless stock level balancing across various locations, enhancing operational efficiency.

Detailed reports and analytics furnish crucial insights into inventory performance, enabling sound, data-driven decisions that optimize profitability. By mitigating the risks of stockouts, this tool safeguards revenue streams, while strategically releasing cash tied up in slow-moving products. The result is a refined cash flow management system that empowers merchants to focus on growth.

Integrating advanced forecasting capabilities, this solution not only helps in maintaining optimal stock levels but also creates a responsive inventory strategy tailored to market demands.

Features

Maximize revenue by eradicating stock unavailability with precise inventory forecasting based on historical sales data and automation algorithms
Identify poorly-performing products and save capital by streamlining inventory strategy through intuitive reporting
Optimize stock levels and cash flow effectively by utilizing smart replenishment options
Save time creating Purchase Orders
Set alert levels for your entire store or each product so you know when to order

Benefits

Optimize stock levels and cash flow effectively by utilizing smart replenishment options
Maximize revenue by eradicating stock unavailability with precise inventory forecasting based on historical sales data and automation algorithms
Identify poorly-performing products and save capital by streamlining inventory strategy through intuitive reporting

About the Vendor

Inventory Planner by Sage
Visit Vendor Website
 Map

Works with

Pricing

Free to install. Additional charges may apply.
We have detected the following pricing bands for this app are as follows:
Minimum Price:
$
249.99
MaximumΒ Price:
$
249.99
All charges are billed in USD. Recurring and usage-based charges are billed every 30 days. Pricing may differ to that listed above, please check the link below for accurate and up to date pricing details.
See all pricing options

Deal available!

View Deal

Review Trend Insights

3 review in the last 30 days.

3 reviews in the last 30 days.

4 review in the last 90 days.

4 reviews in the last 90 days.

Install Trend Insights

0 install in the last 30 days.

0 installs in the last 30 days.

0 install in the last 30 days.

0 installs in the last 30 days.

Owlfred Review

Whoo-hoo! Get ready to flap your wings over Inventory Planner Forecasting, a delightful e-commerce solution for both single and multichannel retailers. With more than 120 positive reviews and a solid 4-star rating on the Shopify App Store, this backend app is unlike any other, designed to streamline your supply chain management. By syncing with your sales data, it accurately forecasts your inventory needs and reveals insightful, customizable analytics to guide those smart replenishment decisions. Say goodbye to 'out of stock' nightmares and free your cash from slow-moving stock. Additionally, the app allows you to save time when creating Purchase Orders and set alert levels for each product so you'll know exactly when to order. Priced at $249.99 per month, Inventory Planner Forecasting is like having a trusted, dedicated inventory manager right at your fingertips. This wise owl gives two hoots of approval for this app!

Owlfred Mixtape

See More Shopify App Songs

Promote This Shopify App

Copy and paste the provided badge code into your site's HTML. The featured badge links back to this page and the badge itself is an SVG so should scale to wherever you decide to place it!



Frequently Asked Questions

Which is the best inventory forecasting method?
The best inventory forecasting method depends on your specific business. Small businesses typically use qualitative methods such as judgmental forecasts while larger businesses may use time-series or causal models due to large amounts of data.
What are the benefits of inventory forecasting?
Inventory forecasting reduces the risk of stockouts or overstocking, helping businesses maximize their profitability. It ensures availability of items for sales and aids in optimizing storage costs.
What role did forecasting play in the stockout?
Forecasting plays a crucial role in avoiding stockouts. If demand forecasts are inaccurate, it can easily lead to a stockout situation. This emphasizes the importance of effective forecasting systems, as running out of stock can lead to lost sales and unsatisfied customers.
What is the formula for inventory forecasting?
There isn't a universally applicable formula for inventory forecasting. Different methods such as demand-forecasting or moving averages use diverse formulas. However, at a basic level, it involves analyzing past sales data, trend analysis, and considering any potential future events affecting demand.

Shopify App Comparison: Inventory Planner Forecasting vs Better Reports - which is better?

When comparing Inventory Planner Forecasting App and Better Reports App, it's clear that both apps offer valuable tools for businesses looking to optimize their operations. Inventory Planner Forecasting App focuses on inventory management, offering precise inventory forecasting based on historical sales data and automation algorithms. This feature is essential for online retailers to maximize revenue and avoid stock unavailability. Additionally, the app helps businesses streamline their inventory strategy by identifying poorly-performing products through intuitive reporting and optimizing stock levels and cash flow with smart replenishment options. Overall, Inventory Planner Forecasting App provides a comprehensive solution for businesses looking to take control of their inventory and navigate towards e-commerce success.

On the other hand, Better Reports App specializes in data analysis, providing in-depth sales, payments, inventory, and customer analysis. This app offers a wide range of pre-built templates and custom reporting options, allowing businesses to uncover valuable business insights tailored to their unique needs. The app also offers multiple chart visuals and custom metrics for creating in-depth reports and supports seamless integration with Google Sheets and POS systems, providing streamlined data management and real-time monitoring. With the ability to export reports to various formats and schedule automated report delivery, Better Reports App saves businesses time and effort in generating and sharing detailed reports. Overall, this app offers a powerful combination of data analysis, flexibility, and automation, unlocking a new world of business intelligence.

In conclusion, both Inventory Planner Forecasting App and Better Reports App offer unique capabilities and benefits for businesses. If you are primarily focused on inventory management and want to optimize your stock levels and cash flow, Inventory Planner Forecasting App is the recommended choice. On the other hand, if you are looking for in-depth data analysis and reporting options tailored to your business needs, Better Reports App is the recommended choice. Ultimately, the choice depends on your specific requirements and priorities in managing your business.

Attribute
Inventory Planner Forecasting Shopify AppInventory Planner Forecasting
Better Reports Shopify AppBetter Reports
Average Rating 4.5 out of 5 4.9 out of 5
Number of Reviews 149 1151
Estimated Installs 0 0
Min Price $249.99 $19.89
Max Price $249.99 $299.89
Works With
Install App

Share your thoughts

You might also like...

Recommended Shopify Apps