"Predicts demand, optimizes stock, prevents stockouts efficiently."
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Updated 3 Days Ago
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3 Advocates
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2 Verified Clients
Nutshell
Inventory Planner helps marketers manage inventory by predicting demand, automating orders, and analyzing sales data. It's designed for retailers to keep stock at the right levels without overbuying or running out. Streamlines purchase orders and connects seamlessly to various e-commerce platforms for a unified inventory view.
In Detail
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Inventory Planner's Website Claims...
A summary of the claims made on Inventory Planner's website as noticed by our bot, Vinny.
Accurate Inventory Predictions
Inventory Planner claims that their predictive tools can accurately forecast what customers will buy, boosting profits significantly.
Comprehensive Platform Integrations
Inventory Planner claims that they seamlessly integrate with 100+ systems, ensuring reliable and customizable insights across platforms.
Expert Support Teams
Inventory Planner claims that their ex-buyer expert teams provide optimized onboarding, training, and support for sustainable results.
Case Studies
SpecialKids improves inventory with Inventory Planner, reducing stockouts.
33%
Reduction in overstock
77%
Reduction in stockouts
Situation
Inventory challenges plagued SpecialKids' growth
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Overreliance on spreadsheets and guesswork.
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Frequent stockouts and overstock issues.
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Complexity in managing hundreds of SKUs.
SpecialKids, a retailer specializing in adaptive clothing and accessories for children with special needs, faced significant challenges managing their expanding inventory as their year-over-year growth surpassed 40%. The company's reliance on spreadsheets and guesswork resulted in issues such as overstocking slow sellers, frequent stockouts of popular items, and a significant amount of cash tied up in non-performing inventory. This disorganized approach led to error-prone and time-consuming forecasting and purchasing processes, causing them to regularly fall behind demand. Despite using tools like Linnworks, the complexity of managing hundreds of SKUs across multiple channels and regions was overwhelming, necessitating a smarter solution to handle their inventory management needs as they expanded.
Task
Find an efficient inventory system
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Seek a smarter inventory management tool.
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Require accurate forecasting abilities.
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Integration with existing systems necessary.
The task for SpecialKids was to find an advanced solution that could streamline their inventory management to meet growing demand efficiently. They needed a tool that could handle accurate forecasting and integrate seamlessly with their existing systems to replace their current manual, error-prone processes. The solution had to offer the ability to predict future needs, factoring in historical sales data, supplier timescales, seasonality, and sales promotions. It was crucial for SpecialKids to overcome challenges with their best-selling ranges, particularly the 7-8 and 15-16 age groups, and correct the common forecasting errors that led to over-ordering certain variants like unpopular colors.
Action
Adopted Inventory Planner solution
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Adoption of Inventory Planner by Sage.
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Seamless integrations with major platforms.
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Forecast based purchasing recommendations.
SpecialKids adopted Inventory Planner by Sage, effectively addressing their inventory challenges. The tool provided expert-level forecasting and purchasing recommendations, considering supplier timelines and seasonal trends. This resulted in automatic buying suggestions based on what the market would likely demand, effectively managing SpecialKids' 25 clothing lines and other product variants across channels. Inventory Planner seamlessly integrated with platforms like Shopify, Amazon, and eBay, providing SpecialKids with the robust solution they needed. The software's comprehensive reporting and analytics simplified decision-making, and its easy-to-use interface meant more team members could contribute, eliminating bottlenecks in the workflow.
Result
Dramatic cut in stockouts and overstock
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Stockouts reduced by 77%.
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One-third reduction in overstock.
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20+ hours saved on manual tasks.
The implementation of Inventory Planner led to transformative results for SpecialKids. Stockouts decreased by 77%, and overstock was reduced by one-third, freeing up significant funds for other business investments. The efficient system saved over 20 hours per month previously spent on manual tasks. Inventory Planner's features, such as precise forecasting and vendor-specific reporting, allowed SpecialKids to maintain optimal inventory levels and informed decision-making as the company expanded. These improvements streamlined operations and set the groundwork for continued growth and market expansion, thereby achieving the goal of sustained scalability and efficiency for the business.
Keywords
INVENTORY MANAGEMENT
FORECASTING SOLUTIONS
STOCKOUTS REDUCTION
RETAIL ANALYTICS
E-COMMERCE INTEGRATION
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