Predict, Estimate and Manage Inventory Levels
Our Inventory Software’s built-in Forecasting tool analyzes your inventory historical data to bring you powerful insights on the trends in your inventory levels. This feature helps you predict, estimate and manage your inventory using a data analytics approach, helping you effectively increase your return on investment. Our systems produce configurable, detailed and accurate reports to help you understand your future inventory levels fluctuation.
Why is Inventory Forecasting Important?
More informed business decisions
Inventory Forecasting makes difficult operational decisions easier with more data visibility for both your employees and your stakeholders.
Minimizes stockouts and inventory holding costs
With estimates that get more reliable the longer you use our systems, inventory forecasts help you minimize losses.
Reduces product waste
With a good gauge on the amount of inventory to order and replenishment points, it results in less dead stock and waste from leftover inventory.
What Types of Forecasting Methods Do We Use?
Our systems have two options of forecasting methods that you can pick to boost your inventory tracking workflows. These include:
- The Moving Average Method
This forecast shows you overall trends from a chosen data set, suitable for looking at long-term trends.
- The Straight-Line with Factor Method
This forecast method utilizes historical inventory data, analyzes trends and predicts growth or shrinkage.
Take It to the Next Level with Artificial Intelligence (AI)
Exclusive to our Enterprise Inventory Systems, our software incorporates AI technology to help you predict, estimate and manage your inventory effortlessly. The intuitive and analytical approach of our AI to inventory data analytics cuts down time spent on analyzing each of your Standalone Inventory Management Software individually.
Explore what else you can do with our systems
We also offer options for asset management software or combined solutions that manages both inventory and assets. We have the perfect long-term solutions to grow and scale up your business, no matter the size. Learn more about what options may work best for you through our demos!
See how Our Inventory Tracking System can work for you!
Schedule a demo to see how our System can transform your organization.
