How To Use Our Warehouse Inventory Forecasting Feature
The intuitive and analytical approach of our WMS Inventory Forecast Feature in the Barcode Inventory System increases productivity and efficiency of the warehouse inventory replenishment process. With the Warehouse Inventory System, you can predict, estimate, and manage inventory data with Artificial Intelligence to make easier decisions and help you work smarter, not harder.
Be Proactive Rather Than Reactive
With our Inventory Forecast feature, we help you make informed business decisions and data-driven strategies. That’s because our software helps you aggregate inventory data and analyze it according to the needs of your business. Our inventory management system gives you the information but what matters is what you can do with it. You get predictions of possible changes in inventory, which makes it easier to set business goals and plans, manage budgets and optimize your supply chain for higher efficiency and minimal losses.
What Makes Us Different?
Our Warehouse Inventory System helps keep an eye on the trends of items in the inventory and produces forecasts based on those trends so users can estimate the time and number of items to order.
- The Power of Artificial Intelligence – In our Enterprise system option, you can make use of Artificial Intelligence to help analyze the trends in your inventory data, making sure that you’re never flying blind.
- Forecast the Information You Need – With the Inventory Forecasting feature, you can create unique forecasts specific to what your warehouse and business need.
- Unmatched System Scalability – Our Warehouse Management System is scalable to your business, meaning that our software is powerful enough to grow with you.
How to Configure Inventory Forecasting in Our WMS?
To start with, our software offers 2 options; a predefined default forecast or a custom forecast. With the custom forecast, the settings area of the system forecast allows users to toggle specific details they want or need to see. This includes the way numbers are presented, the total number of inventories, as well as estimated expenses. Users also have the option to convert the data to an Excel sheet or see it as a chart in the system directly.
We designed customer forecasts for a more in-depth and hands-on approach with forecasting warehouse inventory trends. You or an assigned employee can decide what inventory data to source, which vendors or customers to include, the period you want to forecast as well as the factors that the forecast should be based on.
How to Look at the Generated Charts
1The generated Forecast Chart will show both your current inventory data and the predicted quantity side by side for your easy perusal. Users can opt for an even more simplistic view by filtering the inventory data to the most consumed items only. This way, our system does the work for you and forecasts which items will be in high demand.
See how Our Warehouse Inventory Management can work for you!
Schedule a demo to see how our System can transform your organization.