Inventory Planning | Stord
Inventory Planning
Optimize Your Inventory Strategy
Intelligently generate a per-SKU demand forecast based on your historical sales, projected sales, and marketing inputs – within your existing workflows.
Make Data-Informed Inventory Decisions
For companies that need to know how much product is needed, when more should be ordered and where it should be stored across their networks
- Demand Forecast
- Replenishment
- Placement
How It Helps You
Prevent costly overstock and minimize resources tied in unused inventory by maintaining just the right levels
Eliminate missed sales opportunities due to stockouts by ensuring your products are always available
Strategically place your stock where it serves best, optimizing for both proximity and shipping cost
Streamline growth capital through efficient resource allocation, and eliminating costly ad-hoc decisions and lost product due to expirations
Drive customer loyalty with consistent product availability to ensure satisfaction and repeat business
Reduce planning complexity with automated, clear demand forecasts with inventory intelligence / proactive recommendations
Why You Need It
With rapidly fluctuating market conditions, reliable inventory forecasting is crucial to prevent costly stockouts and excess inventory, and safeguard a smooth supply chain operation.
Omnichannel brands need easy access to this essential capability, enabling them to align their stock with consumer demand patterns, ensuring operational efficiency and sustained profitability.
DOES THIS SOUND LIKE YOU?
- Tangled in costly, excess inventory
- Grappling with stockouts
- Lost sales due to incorrect inventory levels
- Negative customer experiences
- Complex, inaccurate forecasting
How Inventory Planning Works
Predict and plan with proprietary statistical models to determine how long supply will last. With that intelligence, proactively manage your supply changes and gaps: from expiring and aging stock to surges in demand. Gain visibility and new insights across your entire supply chain.
Accurate Demand Forecasting
Enjoy the clarity of SKU-level demand insights, influenced by your own sales history and market dynamics. Merge historical data with market movements for SKU-specific foresight.
- Proprietary statistical models to generate demand forecasts based on:
- Company-specific supply chain data
- Marketing events, growth rates, and seasonal changes
- Forecast adjustment workflows for qualitative input (from your team)
- Calculated per-SKU weeks of supply to drive data-backed decision making
Proactive Insights & Recommendations (Inventory Intelligence)
Know exactly when to refill inventory to maintain the perfect balance between demand and supply with alerts and recommendations. Allocate your stock smartly across networks to enhance accessibility and reduce costs.
- Automated proactive restocking alerts to inform you when it's time to replenish, sidestepping potential inventory shortfalls
- Reorder point recommendations, including reorder date and quantities
- Inventory dashboard highlighting supply gaps, changes in demand, aging inventory, and inventory orders
- Pre-emptive insights with demand-factored expiry, demand alerts, out-of-stocks, backorders
Automated Workflows
Scale your processes, not your team, with integrated tools and embedded workflows that proactively resolve potential inventory issues.
- Automated replenishment order recommendations to avoid out of stock situations
- Inbound inventory tracking to enable accurate planning
- Workflows for consensus demand & scenario planning
Future-proof Your Inventory Strategy: Savings, Growth, Efficiency
Don't let inventory planning be your bottleneck. Rely on rich, actionable intelligence powered by your data to:
- save money
- BOOST SALES
- SAVE TIME
- ELIMINATE COMPLEXITY