ForecastRx is an inventory forecasting solution that employs multiple proven forecasting algorithms to analyze your sales history, identify trends, and expected seasonality to predict future sales demand, which is then turned into actionable reorder quantities. The software imports each product’s historic sales data and then uses proven forecasting algorithms to project that product’s future sales and gives you an exact order quantity. It takes into account details like a supplier’s minimum order quantities, lead times, order intervals, case quantities and more. All you have to do is approve and order from your supplier. QuickBooks Online integrates with a click of a button. Integrating with the desktop versions of QuickBooks requires use of the QuickBooks Web Connector, which is provided by Intuit for free. ForecastRx seamlessly connects to your Amazon seller account to sync all your historical data and to keep your current information up-to-date. This allows it to automatically create purchase suggestions.
Each product has its own page in the dashboard with recent data and forecasts. You can see a visual representation of each items sales history and your projected one year sales forecast. There you will also find 7-day, 30-day, 90-day, 365-day, MTD, and YTD historical sales for any item you choose. Next to these metrics, you will find a section containing info about future projections, based on your forecasting parameters and settings. You also have the ability to keep track of shipments Amazon has received so that you can reconcile those inbound shipment quantities against your purchase orders and warehouse inventory.
Starting at $99.99 per month – Free Trial
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