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Last updated on 2025年2月19日

What are some inventory forecasting tools or software that you use or recommend for retail buying?

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Inventory forecasting is a crucial skill for retail buyers, as it helps them plan their purchases, optimize their stock levels, and avoid overbuying or underbuying. However, inventory forecasting can also be challenging, especially in a dynamic and uncertain market. That's why many retail buyers rely on tools or software that can help them make more accurate and data-driven decisions. In this article, we'll explore some of the common inventory forecasting tools or software that you use or recommend for retail buying, and how they can benefit your business.

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1 Demand forecasting

Demand forecasting is the process of estimating the future demand for your products based on historical sales data, market trends, seasonality, promotions, and other factors. Demand forecasting tools or software can help you analyze your sales patterns, identify your best-selling and slow-moving items, and predict how much you need to order to meet your customer demand. Some examples of demand forecasting tools or software are Inventory Planner, Lokad, and Forecast Pro.

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Harsh Patel

DigiBR&AD Creative | Founder at InsightsPoint | Entrepreneur
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Effective demand forecasting goes beyond tools—it's about understanding the nuances of your customer behavior. Tools like Inventory Planner are invaluable, but pairing them with human intuition makes all the difference.

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2 Replenishment planning

Replenishment planning is the process of determining when and how much to reorder your products to maintain optimal inventory levels. Replenishment planning tools or software can help you automate your ordering process, calculate your reorder points and quantities, and monitor your inventory performance. Some examples of replenishment planning tools or software are Stitch Labs, TradeGecko, and eTurns.

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Harsh Patel

DigiBR&AD Creative | Founder at InsightsPoint | Entrepreneur
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Replenishment planning requires more than automated reordering. Tools like Stitch Labs can streamline the process, but incorporating supplier communication and flexibility ensures you can adapt quickly to unexpected changes.

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3 Assortment planning

Assortment planning is the process of selecting the right mix of products, categories, styles, colors, sizes, and prices to offer to your customers. Assortment planning tools or software can help you create and manage your product assortment, optimize your product allocation and distribution, and increase your sales and margins. Some examples of assortment planning tools or software are Celect, daVinci, and First Insight.

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Harsh Patel

DigiBR&AD Creative | Founder at InsightsPoint | Entrepreneur
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Assortment planning is a balance of data and creativity. While tools like Celect provide insights, understanding your customer’s emotional connection to products is what drives long-term sales success.

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4 Markdown optimization

Markdown optimization is the process of applying discounts to your products to clear your excess inventory, boost your sales, and maximize your profits. Markdown optimization tools or software can help you determine the optimal timing, depth, and frequency of your markdowns, as well as the impact of your markdowns on your inventory turnover and gross margin. Some examples of markdown optimization tools or software are Revionics, Clear Demand, and Antuit.

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Harsh Patel

DigiBR&AD Creative | Founder at InsightsPoint | Entrepreneur
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Markdown optimization isn't just about clearing stock—it's about maintaining brand integrity. Tools like Revionics can help, but strategic discounting that resonates with customers is key to boosting loyalty.

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5 Inventory analytics

Inventory analytics is the process of using data and insights to improve your inventory management and performance. Inventory analytics tools or software can help you track and measure your key inventory metrics, such as sell-through, turnover, fill rate, stock-to-sales ratio, and GMROI. They can also help you identify and resolve any inventory issues, such as stockouts, overstocks, shrinkage, and obsolescence. Some examples of inventory analytics tools or software are RetailNext, EDITED, and Infor.

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Harsh Patel

DigiBR&AD Creative | Founder at InsightsPoint | Entrepreneur
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Inventory analytics should guide proactive decisions. Tools like RetailNext are great, but coupling data with regular in-person audits ensures you catch inefficiencies that technology might miss.

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Stéfano Willig

CEO na AWISE | Embaixador Bora Varejo | Colunista de Varejo no Portal Gaz, Exame Bora Varejo e Mercado e Consumo
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Para otimizar a gest?o de estoque no varejo, é fundamental utilizar ferramentas que integrem controle de inventário, previs?o de demanda e análise de desempenho. Solu??es como o AWISE oferecem funcionalidades abrangentes, incluindo controle de estoque, gest?o financeira e integra??o com plataformas de e-commerce, tudo em uma interface amigável e gratuita. Além disso, plataformas como o LEAFIO utilizam inteligência artificial para prever demandas sazonais e automatizar o reabastecimento, garantindo que as prateleiras estejam sempre abastecidas conforme a necessidade do consumidor. A escolha da ferramenta adequada deve considerar o porte da empresa, as especificidades do mercado e a facilidade de integra??o com os processos já existentes.

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6 Inventory simulation

Inventory simulation is the process of testing and evaluating different inventory scenarios and strategies using mathematical models and algorithms. Inventory simulation tools or software can help you simulate the effects of various factors, such as demand variability, lead time variability, supplier reliability, and service level targets, on your inventory costs and performance. They can also help you compare and optimize your inventory policies, such as safety stock, reorder point, reorder quantity, and service level. Some examples of inventory simulation tools or software are Simul8, Arena, and AnyLogic.

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Harsh Patel

DigiBR&AD Creative | Founder at InsightsPoint | Entrepreneur
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Inventory simulation empowers retailers to prepare for the unexpected. Tools like Simul8 offer valuable insights, but it’s essential to incorporate real-world experience and adjust simulations based on practical outcomes.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are some inventory forecasting tools or software that you use or recommend for retail buying?

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1 Demand forecasting

2 Replenishment planning

3 Assortment planning

4 Markdown optimization

5 Inventory analytics

6 Inventory simulation

7 Here’s what else to consider

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