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Inventory management tools are essential software solutions for direct-to-consumer (DTC) brands, focusing on the efficient handling and tracking of product stocks. These tools aid in managing inventory levels, forecasting demand, automating reordering processes, and tracking stock movement across various sales channels. Key functionalities often include real-time inventory tracking, integration with sales and supply chain systems, and analytics for inventory optimization.
For DTC brands, effective inventory management is crucial. These tools help in maintaining the right balance of stock - avoiding both overstocking and stockouts. This efficiency in inventory control not only reduces costs but also ensures that customer orders are fulfilled promptly and accurately. In an environment where customer satisfaction is paramount, having the right products available at the right time is essential.
Keeping track of inventory is especially hard for young brands. Usually they ship their products to a 3PL and get back to focusing on increasing their sales. But if you forget about your inventory levels, and can’t predict when you’re running low - you will get into very muddy waters from a cash flow perspective. That’s why tools like Inventory Planner, Prediko and Stord exist - helping all kinds of different brands better forecast inventory.
Genie is an intuitive inventory management tool designed for Shopify brands looking to scale efficiently. It helps merchants easily track stock levels, create purchase orders, and forecast demand. Genie empowers businesses to avoid costly inventory mistakes by automating key processes and making data-driven decisions that fuel growth.
Airbatch is a quality control tool that automates tedious and costly tasks involved in monitoring product quality for brands. It offers real-time data integrations, automated workflows, and analytics to streamline inspections, reduce costs, and improve efficiency in manufacturing processes.
Modern brands use FUSE to optimize their inventory cash flow. Fuse actualizes data from every part of your organization into a predictive inventory plan. Top brands like True Botanicals, SuitShop, and Margaux use Fuse to free up valuable working capital while avoiding revenue-killing stockouts. Fuse has helped customers reduce inventory glut by 70%, while realizing 40% more revenue from staying in stock.
Get rid of the guesswork and gigantic spreadsheets that have guided your retail planning decisions!Toolio is a cloud-based Merchandising Platform that automates critical workflows, provides real-time insights, and enables remote collaboration, empowering retailers to make faster, data-driven decisions about their most important (and expensive) asset—inventory.
With ChannelApe, you get a unified view of all your inventory: How much is coming in from manufacturer and when; how much is on the shelf at your fulfillment center(s), how much is coming back in from returns. Use that to orchestrate fulfillments for consumers, retail stores and wholesale partners. All leading to better cash flow, higher NPS and a better understanding of how the business is doing week to week.
Prediko is an Inventory Planning & Purchasing platform that helps Shopify (Plus) brands like Kimaï and We are Jolies make smarter purchase orders to eliminate out-of-stock/overstock, grow revenue and release working capital. Their product integrates with your Shopify store(s) in 1 click and replaces your ever growing spreadsheets with a solution that helps you forecast sales, get restocking alerts, and finance your inventory.
Flagship is a predictive inventory solution helping brands minimize stock-outs and maximize cash efficiency in their inventory buying. Customers include True Classic, Athletic Propulsion Labs (APL), Margaux, Public Rec, Twillory, Oliver Cabell, among others. Immediate benefits: (I) ability to buy 10-20% tighter weeks of supply (ii) free up planner's time for strategic decision-making versus data entry (ii) minimize stock-outs at the size level.