Inventory Planner helps to easily restock products using sales forecast.
Inventory Planner is cutting-edge software that allows you to have the right inventory in the right place at the right time.
Consider Inventory Planner’s unique features:
Automatic forecast for replenishment. Inventory Planner’s replenishment report shows products and quantities that need to be reordered. Computing accurate forecasting takes into account many factors such as seasonality, out-of-stock periods, average sales, trends, product lead time, and others. Inventory Planner estimates the moment when product is likely to sell out based on the sales forecast and sends you an alert when it is time to purchase more of the product so that you won’t lose any sales. The replenishment report can be used for individual products and also for aggregated sales of categories, brands, or vendors. This allows you a top-level view of how everything is performing in the BrightPearl.
Invest in the right inventory with clear overstock identification. Using Inventory Planner’s drag-and-drop feature, create reports based on the metrics most valuable to you. When you invest in new products, data-driven decisions are better than ones based purely on intuition. Revenue forecasting helps to control inventory spending and avoid overstocking without checking each product. With Inventory Planner, you will see sales and revenues for categories, vendors, and brands for a selected time frame. You can see trends and correlations between sales, revenues, and product page views.
Don’t waste your money overstock – make the most of your inventory. Inventory Planner can identify a products for most effective promotion to get them out of the warehouse and into customers’ hands. Current sales velocity helps determine overstock, and Inventory Planner analyzes common reasons why a product might not be selling well. It prioritizes the list of slow-moving products based on "unrealized revenue" (the difference between the product’s retail value and forecast revenue). By doing so, you can focus on products with high unrealized revenue and significantly improve your inventory turnover.
Create purchase orders with one click. Use replenishment suggestions to create purchase orders. To make the process even easier, upload vendor information and product cost prices to have them prefilled in POs. Once a PO is created, replenishment suggestions are adjusted accordingly. Inventory Planner manages the entire process of product procurement. You can generate invoices, create and edit purchase orders, and mark products as received. You can choose to partially or fully receive purchase orders. Email purchase orders to your suppliers directly from Inventory Planner in the pdf or csv format. What could be simpler? Inventory Planner allows you to create POs on your multichannel inventory management system.
See how your business is growing. You can see which part of your inventory generates the most revenue and profit. Inventory Planner lets you drill down into any category or brand and spot the contribution of each product. It also keeps track of stock levels for each product from the moment of installation. Date comparison makes it easy to evaluate the performance of inventory over time and see the impact of changes. You can also easily compare sales to prior period or prior year, detect trends even with day of week variations, and download date comparison reports to Excel. Make in-depth assortment analysis and spot the current trend in colors, patterns, and sizes. With trend detection, you can also enter the holiday season with a solid idea of which products in BrightPearl will sell, and what has the potential to turn into holiday overstock.
Jackson Cunningham | Tuft + Paw, Founder
Placing POs used to be one of the more painful parts of running my business. I'd use spreadsheets and sales data to estimate future sales. Since using Inventory Planner, ordering inventory has become a total breeze. It syncs with my Shopify and Amazon channels across multiple stores so I can do all my ordering from one single account. I spend a tenth of the time that I used to and my inventory has become much more efficient because inventory planner is better at predicting sales than my spreadsheets.
James Richardson | Cocorose London, Co-Founder
This app has become a game changer with placing reorders for products. Helping us forecast sales, looking at COGS/gross profit/and sales in general. The PO functionality is amazing, being able to make PO's for vendors and get products on order with ease. So much it can do and I am sure we only use it for 10% of it's actual capabilities but we are always learning new things with it.
Purchase orders management
Purchase orders management