Manage Warehouse Inventory Efficiently with Trend Forecasting
Make strategic, data-fueled decisions with accurate predictions
We understand the competitive nature of business requires you to make decisions based on data and trends. Our Warehouse Inventory System includes a built-in Trend Forecasting tool that helps analyze historical data on your warehouse inventory. This brings you impactful insights on the trends in your warehouse.
Our systems predict and estimate the inventory level trends in your warehouses, giving you the opportunity to implement more effective inventory management processes. This increases your return on investment with detailed and accurate reports so you can understand fluctuations in supply and consumer demand.
How Does Inventory Forecasting Aid Your Business?
Learn about how this feature optimizes your warehouse operations.
Better informed decisions
Our systems make difficult operational decisions easier with the Forecasting tool, maximizing data visibility for you and your staff.
Minimizing holding costs
With inventory trends, you can accurately predict fluctuations in inventory levels, meaning you can avoid overstocking and stock outs.
More efficient warehouse operations
Accurate data gives you a good grasp on the amount of inventory to order and replenishment points, resulting in less dead stock and waste from excess inventory.
What Forecasting Methods Are Included in the systems?
Learn about the options that can help your business.
Our Warehouse Inventory Management Software includes two options of forecasting models that can boost your inventory tracking workflows. You can choose the option that gives your accurate inventory forecasts based on your business needs. These include:
- Moving Average Method: This model shows overall warehouse inventory trends from your chosen data set, great for looking at long-term trends.
- Straight-Line with Factor Method: This method uses your warehouse’s historical inventory data to analyze trends and predict business growth or shrinkage.
Predicting Trends with Artificial Intelligence (AI)
Improved data analytics with our Inventory Control Software
Exclusively for our Enterprise Warehouse Management Systems, we developed AI technology to accurately predict trends across your warehouses. It also helps you and your staff to estimate inventory levels and manage inventory efficiently.
The analytical approach of our AI tool to inventory data cuts down the time spent on analyzing each Standalone Warehouse Management Software individually.
