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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.
Fulfil is a cloud-based ERP (Enterprise Resource Planning) system designed for high-volume and high-growth businesses. It offers tailored solutions for various aspects of e-commerce, including direct-to-consumer retail, wholesale, manufacturing, multi-brand management, and brick-and-mortar stores. Fulfil streamlines operations, from order management and production tracking to inventory management and more, catering to the needs of 8 and 9-figure brands. Fulfil enhances efficiency and profitability while providing customer testimonials praising its effectiveness in simplifying complex tasks.
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.
Appikon - Pre-Order is designed to help Shopify merchants manage pre-orders and waitlists for out-of-stock, coming-soon, or back-ordered products. The app seamlessly replaces the "Add to Cart" button with a "Pre-Order" option, allowing brands to capture customer interest and secure revenue even when items aren't immediately available. With easy installation, no coding required, and features like customizable buttons, discounts for pre-orders, and email capture for order confirmations, Appikon makes it simple to boost sales and manage inventory efficiently.
Stocky is an inventory management tool designed to optimize stock decisions for brick-and-mortar retail businesses using Shopify POS. It allows retailers to create and manage purchase orders, conduct stocktakes, and utilize in-depth reporting for informed inventory decisions. By streamlining communication with suppliers and enhancing the receiving process through barcode scanning, Stocky helps businesses maintain the right product mix and maximize profits.
EasyScan: SKU and Barcode is a Shopify app designed to simplify inventory management and order fulfillment for ecommerce brands. It enables businesses to generate and print custom SKU and barcode labels, scan barcodes for error-free picking, packing, and order fulfillment, and efficiently track and update inventory across warehouses. The app integrates with barcode scanners and offers tools for bulk processing, inventory reports, and custom packing slips, helping brands streamline warehouse operations and reduce mistakes.