Inventory Planner makes it easy to forecast inventory, create purchase orders, predict when product will run out, and generally keep a pulse on your product inventory.
You can also see what products you have on overstock, which products aren’t moving, and therefore which products to consider liquidating via a flash sale or marketing campaign.
Who is this for? Stores over $1m revenue, with over 100 SKUs and a full-time operations manager. They do work with those that assemble their own products.
Who is this not for? Low SKU count stores. Low order volume stores. Those that don't have to do purchase orders from suppliers. Dropshippers.
The Secret Sauce: Very beneficial pricing structure. The forecasting is great. Being able to understand replenishment timelines by supplier. Create multiple purchase orders easily.
|Starting||Per 1000 SKUs||Per Connection/Warehouse|
1,000 SKUs ($.099 per)
1,000 SKUs ($.01 per)
How many stores or channels do you have?
Inventory Planner Alternatives
How Will This Work With My Store?
What metrics will this help me improve?
Inventory Planner's main metrics are
- Cash flow
- Amount of time product's are out of stock.
- Warehouse overhead (also margin)
Ancillary benefits: Inventory Planner saves a ton of time for your operations team, over using spreadsheets.
Why did they create Inventory Planner?
How do I use Inventory Planner?
1. Start a 14 day free trial.
2. Connect Platform and Sales Channel Integrations (Shopify, Amazon, Ebay)
3. Input vendor and replenishment information.
4. Start checking accuracy of forecasting and continue adjusting.
5. Study data, send purchase orders, and update inventory counts based on any discrepancies.
When should I use Inventory Planner?
Your neck deep in excel spreadsheets, writing purchase orders by hand, or by updating a Word doc. You keep running out of stock on key products, and that's costing you a lot.
When should you not use it?
You don't have a dedicated operations manager. You only place a few purchase orders a year. You don't plan on growing your SKU count. You don't do much sales volume.
Who will use and manage Inventory Planner?
This is a tool for operations, sourcing, merchandising, and purchasing teams. It should be used by your head of operations, head of Ecommerce, sourcing and merchandising teams, and you even want to bring in someone from your marketing team, to discuss overstock and aging inventory and how to liquidate it.
Where does Inventory Planner fit in to my overall tech stack?
This tool doesn't need a ton of outside integrations, meaning: aside from the platform and channels, you don't need much else. Whichever