Increase Profits with Smarter Inventory Control
Unlike traditional ordering methods, predictive ordering combines recent sales trend data as well as a comparison of forecast vs. demand from previous days, to determine the most accurate sales forecast. Days with bad data such as out of stock, huge sales are leveled out to get the most precise figures.
Out-of-Stock (OOS) Adjustments
OOS days are adjusted to reflect what would have sold if stock were available, helping to avoid future stock shortages.
Anomaly Detection
Our system filters out unusual sales spikes or drops due to events like weather disruptions or one-off large purchases, ensuring they don't skew your data.
Forecast vs. Demand
Recent sales data is given more weight by comparing forecast vs. demand as a self-adjusting mechanism to prevent over or under ordering. This allows the system to adapt to trends and make more accurate predictions. If recent sales outpace forecasts, we increase your order quantity accordingly. Inversely, if sales fall shorter than predictions, we reduce the order quantity.
Accurate Sales Predictions
With Our Forecasting Tool
Save 15+ hours a week on inventory management with our add-on tool. Level up your inventory game faster than ever. With our BI inventory sales forecasting tool, you can:
- Sharpen your business acumen with insights from past sales.
- Stay ahead of the curve with real-time monitoring of inventory levels and sales trends.
- Automatically detect seasonal patterns and long-term trends to optimize stock levels.
- Reduce stockouts and overstock, ensuring optimal inventory levels at all times.
How Business Intelligence
Transforms Inventory Tracking
Use the latest BI tools to keep an eye on your inventory, simplify operations, and get real-time insights to make smarter decisions.
Improved Decision-Making
Our forecasting tool provides the information you need to optimize inventory levels, reduce costs, and increase sales.
Enhanced Customer Satisfaction
Keep your customers happy by ensuring that you always have the right products in stock. Our forecasting tool helps you anticipate demand and avoid stock outs.
Cost Efficiency
Reduce operational costs by minimizing waste and inefficiencies. Optimize your inventory levels, reducing the cost of holding excess stock.
Revenue Growth
Maximize your revenue by increasing sales and reducing lost opportunities. Identify trends, optimize pricing, and make better decisions to drive growth.
Save Time With Daily Operations
Automate routine tasks and free up your time to focus on more strategic initiatives. Simplify inventory management and reduce manual effort.
Strategic Planning
Develop effective long-term strategies by understanding future trends and customer demand. Plan for seasonal fluctuations and adjust your business strategy accordingly.
Smart Inventory Solutions?
From retail stores to online shops, discover how smart inventory
strategies can optimize operations, minimize waste, and boost customer
satisfaction across various industries.
POS Systems for Sales Forecasting
Optimize your stock levels today! Switch to FTx POS for advanced inventory management right in your POS. FTx includes every tool you need for growth.
FAQs
Absolutely. By optimizing inventory levels and anticipating demand, you can reduce costs and ensure you have the right products in stock to meet customer needs, eventually leading to increased profitability.
Definitely. Our tool is designed to be scalable and user-friendly for businesses of all sizes. Whether you are running a large retail chain, or a small store, our sales forecasting can provide data-driven insights to optimize your operations.
Sales forecasting is an add-on feature. If you’d like to know more about it, you can contact our sales team at 845-719-3550.
The ROI can be huge. Better resource management, improved sales, and reduced inventory costs all contribute to a strong ROI.
Yes. We’ll provide you with a training resources to help you get the most out of our forecasting tool, including how-to articles and training videos. Our team is always available to answer any questions you may have.