Demand Planning & Forecasting
Understand your inventory needs before you buy!
Accurate demand forecasting is crucial to fulfilling customer demand, while minimizing lost sales and overstocks. Softvision provides multiple forecasting methods to accommodate the needs of any business, from a niche Internet-only retailer to a specialty catalog retailer and the most complex omni-channel retailer.
What you can achieve with it
Try multiple forecast methods including same as last year, statistical etc. to see what demand into the future
Forecast New Items
Take out the guesswork for new items by using like-item history which can be combined from multiple SKU’s in similar categories
Forecast Variance Alerts
Adjust your forecast before you have an inventory issue with alerts showing on the user’s dashboard
Make forecasting by size and color quick and easy by using historical performance and expected promotions