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Inventory Planning Software

Cutting-edge Solution That Streamlines
Inventory Management.

Enhance your inventory forecasting accuracy with Inventory Planning Software. Avercast,
the best warehouse inventory management solution, eliminates excess products and allows
managers to accurately replenish daily, weekly, or monthly time periods.

What is Inventory Planning?

Inventory is what you call the spine of a business. A business cannot operate efficiently without inventory, and that’s why experts suggest having a close look at inventory, or else it can break your business.

What do we do about the thing which has the utmost importance to us? We handle it with care. Thus, your inventory needs inventory planning . Inventory planning helps you identify the optimal quantity of product you need to fulfill customers’ demands at any point. The process is crucial to set up a balance between customers’ demand and supply capacity. Inventory planning directly impacts a company’s cash flow and profitability; therefore, numerous companies use Inventory Management Software for maximum efficiency.

Inventory forecasting is a crucial step in managing your inventory. To optimize it completely and obtain maximum efficiency, planners tend towards Inventory Forecasting Software. Without an accurate forecast, you cannot determine customers’ demand, and instead of optimizing, it will result in increased expenses. Inventory optimization software, also called order management software, enables you to track your orders live and know where they are in the supply chain.

What is Inventory Planning Software?

Keeping a tab on inventory is essential. Thus, to do it perfectly, companies employ Inventory Planning Software. The software is a modern art backed up by various technologically enabled algorithms. These algorithms are used to resolve issues that block growth. One crucial factor in optimizing inventory, in fact, optimizing the whole supply chain process, is forecasting. Anticipating the demand makes planning seamless. And what’s a better option to do it than Inventory Forecasting Software?

The software gives you a better idea of how much inventory you will need to meet consumer demand. Predictions are generated by considering historical sales data, economic shifts, promotional events, seasonality, and consumer trends. Inventory forecasting tools enable organizations to manage, plan, and organize inventory orders faster than
manual forecasting techniques.

By choosing Avercast’s software, you don’t have to face loss of sales order, lower profit margins, and increased shipping charges. Our inventory management software analyzes every aspect to identify how much stock is required to fulfill consumer demand, whether it’s holidays, events, or weather changes. In addition, using these projections, you can optimize your strategies to improve your sales.

Purposes of Inventory Forecasting Software

By choosing Avercast’s software, you don’t have to face loss of sales, lower profit margins, and increased shipping charges. Our inventory management software analyzes every aspect to identify how much stock is required to fulfill consumer demand, whether it’s holidays, events, or weather changes. In addition, using these projections, you can optimize your strategies to improve your sales.

_ Generates forecasts for up to 5 years in the future
_ Gain visibility into inventory requirements
_ Identify how upcoming events can affect product demand
_ Manage raw material requirements, purchase and order fulfillment.

Why say yes to our Inventory Planning Software?

Inventory management

Managing inventory levels is the central and essential feature of our Inventory Planning Solution. Manage your inventory, supervise your product’s location and quantity and get real-time updates. An ideal software should let you know your real stock value and reflect the same number at all places.

Supervise suppliers

Suppliers’ management is another significant feature. It enables you to access and store supplier information and details in one place. This analysis allows you to compare their rates at the time of purchase. However, never forget to get reasonable prices for suitable quality materials.

Track shipments

Numerous businesses think once the order ships from their warehouse; the job is finished. Certainly not! Customers expect timely delivery, and one core motto of inventory management is at the right time. Thus, our inventory management system lets you track orders until the end.

Manage your procurement

This management tool allows you to decide a point after which you will refill your stock again; in supply chain terms, this point is called “the reorder point.” Each product line item has a point after which you need to restock. Also, when you are running low on materials, you can make purchase orders.

Comprehensive report generation

With our inventory management features enables you to generate reports. These reports can be further drilled down to make some logical decisions. These reports usually contain trends of sales and purchases, detailed inventory information, where you need improvement to earn more, etc.

User-friendly interface

The Inventory Planning Solutions offered by Avercast come with an intuitive interface. It is easy to use, does not require additional training, and can be implemented rapidly. Once our inventory planning software is entirely in place, you can forecast, plan, and execute with the utmost professionalism to achieve undeniable growth

Why customers say "Yes" to our
Inventory Forecasting Software?

If you work with or own a company that deals with any type of inventory, then Avercast Inventory Forecasting software is all you need. It allows you to manage your inventory, track product flow in real time, forecast future inventory, and whatnot. In our decades-long experience, we have assisted brands with more than 9000 SKUs and brands with a global presence as well.

With our help, they were able to come out of the shadow of their unmanaged inventory and save millions of dollars. That’s not all.

Here are some points that let our clients never resist us:

Reduce inventory expenses by 30%

Reduce stock-out scenarios by 85%

Improve bottom line margins

Reduce inventory expenses by 30%

Reduce stock-out scenarios by 85%

Improve bottom line margins

Optimize your supply chain with the best Inventory Forecasting Software

Increase your profit margin

Your business’s bottom line depends directly on the cost incurred to handle the inventory. The more the expense, the less net profit. Our Inventory software optimizes your inventory and helps you reduce unnecessary costs.

Manage inventory effectively

Supervising inventory is crucial for satisfying your customer. You cannot keep your customers waiting just because you do not manage your inventory well. Not only are you missing a business opportunity here, but you are missing the relationship that the customer could have bought. Thus, Avercast’s Inventory Management Software enables you to supervise your inventory effortlessly.

Predictive analytics

Companies rely heavily on prediction and not just waving of wand and crystal ball predictions, anticipations that are based on logic. These predictions are derived using statistical techniques and can be proven repeatedly. Avercast is one of the top inventory management software provider, brings decades of expertise to the table. Our Inventory Predictions Software features over 250 statistical algorithms, ensuring fast and accurate forecasting.

Best inventory planning software

With Avercast’s Inventory Software, managers can predict inventory, plan how to mobilize the stock, optimize it, and generate revenue. Selling, generating revenue, and enhancing the bottom line is not a one-person task; you must work in unison to achieve it. Forecasting inventory accurately can provide the impetus for the next steps.

Inventory optimization

The primary advantage of our inventory optimization software is its ability to help you optimize inventory, reducing stockout situations through improved analysis and management. It allows you to forecast inventory so that you respond to demand faster. And most important of all, it helps you reduce inventory waste.

Capacity management

Once you get the demand forecast through demand planning software , you know how much you need to produce and for how long you need to maintain inventory. The forecasted numbers allow you to derive how many resources you need to complete production and manage inventory. You can rotate shifts, hire novel resources, or use someone more efficiently.

Industries getting advantages from
our Inventory Planning Software

Inventory a word with the potential to make or break your business. Inventory, also called stock, is the assembly of goods and items kept in storage to sell, resell, utilize and produce. Every company that sells something, whether products or services, has inventory; thus, it becomes vital to plan, analyze, and manage your inventory efficiently.

The inventory planning process enables you to supervise, forecast, and get ready to sell more. The process starts with predictions and ends after the product has reached its ultimate consumer. Every aspect of the process is essential. Therefore, numerous businesses employ the best inventory planning software.

One such software is Avercast’s Inventory Planning Software. It is agile, accurate, easy to implement, and integrates with any data warehouse and systems. Our software has helped various brands across sectors like production, logistics, retail, finance, pharma, eCommerce,
FMCG, automotive, etc.

Following are the vital sectors that use Inventory Planning Software to its full potential:

Production & Manufacturing

Logistics

Retail

Finance

Production & Manufacturing

Logistics

Retail

Finance

Customer Reviews

"Avercast has freed up millions of dollars in inventory and allowed us to justify a new hire"
Paul Feorene Manager - Logistics, & Parts Management

"They used one sheet per brand... [and] we had to aggregate everything. We would pretty much use the historic numbers to try and project everything. Avercast allowed us to do more."
Martin Toh Executive Vice President of Operations

"One of the great things Avercast did [was give] us the opportunity to take as many SKUs as we wanted and give them historical data and run the forecast in the system and see what that output was."
Josh Rocha Supply Chain Manager

"With Avercast we are able to combine both forecasting and supply planning and toggle between them easily. With the visibility gained from Avercast, our forecast accuracy has improved."
Erica Davis Director of Planning

"As part of a deal with General Motors, Cassidy is responsible for ensuring 50 GM plants weekly forecast data is automatically interfaced into Avercast to assist in executing their orders."
Cassidy Laudadio Forecasting Specialist

"First, the forecasting software has helped us tremendously. In addition, the visibility into our current inventory hold has helped us very much. Without Avercast I don’t know how I would find out how much inventory I have and what I am going to end at."
Nicolette Molina Senior Supply-Chain Analyst

"[OOLY] was always out of stock, couldn’t deliver, and always ship backorders [where] customers had to wait forever to get their [orders].” “Within a year, we corrected our image in the marketplace. […] We were able to… optimize our [inventory turns]."
Matt Peters VP of Operations

Frequently Asked Questions

What is Inventory Planning?

The process of streamlining your inventory with the sales and production capacity so that you never witness any lost sales due to stock-out is known as Inventory Planning. The process helps managers to determine the optimal quantity and correct time of the inventory.

Why is Inventory Planning Software important?

Inventory Planning Software is vital because it allows you to avoid stock-out or over-stock scenarios, saving you from incurring unnecessary expenses. The software will enable you to determine when to procure inventory and how much. Also, it maximizes your revenue and reduces your costs.

What is the best way to plan your Inventory?

Over the years, there have been several ways of predicting inventory. Some companies still rely on outdated practices like predicting based on what customers say or just based on sales experts or using excel. In modern technological days, Inventory Planning Software is the most accurate and reliable way of planning your inventory.

How can Forecasting your Inventory help?

Inventory forecast means predicting the quantity in which you will need products or raw materials to manufacture. This forecasting lets you monitor your performance, manage inventory accurately, keep optimal stocks, and manage capacity according to needs.

Does your business need Inventory Forecasting software?

If you have a business, whether small or large, that deals with any inventory, then the answer is yes. Inventory forecasting software assists you in planning inventory accurately. It determines the right time to deliver the products. To know more about how the software will benefit your business, schedule a demo with our experts.

Inventory Planning Software

What is Inventory Planning?

What is Inventory Planning Software?

Purposes of Inventory Forecasting Software