Inventoro

What is Inventoro?

Inventoro is a revolutionary tool that takes inventory forecasting and replenishment to the next level. With its AI-driven sales forecasting and industry-standard inventory management features, Inventoro helps businesses optimize their orders and reduce inventory size significantly. By analyzing past sales data and segmenting products based on profitability, Inventoro provides valuable insights into how to improve cash flow and increase revenue.

One of the key benefits of using Inventoro is the ability to decrease inventory by 40% while increasing revenue by 5%. By concentrating on top-selling products and automating the replenishment process, businesses can save up to 20 hours a week and improve product availability to over 99%. Inventoro's system integration allows seamless data integration for more accurate sales forecasting and inventory management.

With Inventoro, businesses can streamline their inventory management processes and make data-driven decisions to increase profits and improve portfolio performance. Whether it's forecasting peaks, avoiding unnecessary stockouts, or saving millions while making millions, Inventoro offers a comprehensive solution for SMEs looking to optimize their inventory operations.

Inventoro Features

Sales Forecasting

Sales Forecasting in Inventoro analyzes past sales data to predict future trends. By looking at sales from the past two years, the system calculates how the business operates and provides insights into future sales.

• The system analyzes historical sales data from the past two years to understand trends.
• It uses this data to predict future sales and help businesses plan accordingly.
• By forecasting sales accurately, businesses can optimize their order quantities and timings to meet demand efficiently.

Replenishment

Inventoro's Replenishment feature creates accurate forecasts to optimize order quantities and timings. By following the system's recommendations, businesses can reduce inventory size while maintaining product availability.

• The system generates a daily replenishment list based on sales data and demand analysis.
• It provides guidelines on how much to order and when to order to meet demand efficiently.
• Following the replenishment recommendations helps businesses reduce excess inventory and increase product availability.

Product Segmentation

Inventoro's Product Segmentation feature categorizes inventory items into top sellers, slow movers, and dead inventory to help businesses understand which products are driving profits.

• The system analyzes sales data to categorize products into winners (top sellers), chasers (slow movers), and losers (dead inventory).
• It provides insights into which products are generating the most profit and which ones are not performing well.
• By focusing on top-selling products and optimizing the product portfolio, businesses can increase profitability.

How to Use Inventoro?

• Visit the Inventoro website at inventoro.com.
• Click on the 'Register' button on the homepage.
• Fill out the registration form with your business details and email address.
• Check your email for the verification link from Inventoro and click on it to verify your account.
• Once verified, go back to inventoro.com and click on the 'Login' button.
• Enter your email and password to access your Inventoro dashboard.

• Navigate to the 'Integrations' section from the main menu in Inventoro.
• Select the appropriate platform integrations that match your existing inventory management system (e.g., Shopify, WooCommerce, etc.).
• Follow the prompts to connect Inventoro with your current inventory system by providing the necessary API keys or login credentials.
• Confirm the connection and wait for Inventoro to sync your inventory data, which may take a few minutes.

• Click on the 'Sales Forecasting' tab in the Inventoro dashboard.
• Review the historical sales data that Inventoro has pulled from the last two years.
• Adjust any parameters if needed to refine the forecasting model (e.g., seasonality, specific product categories).
• Click on the 'Generate Forecast' button to produce the sales forecast report.
• Review the forecast report to understand future sales trends and projections.

• Switch to the 'Replenishment' section on Inventoro.
• Review the automatically generated replenishment list created by Inventoro based on the sales forecast.
• Make any necessary adjustments to quantities or products if required.
• Confirm the replenishment list to generate purchase orders in your integrated inventory management system.
• Monitor the replenishment schedule to ensure timely orders and avoid stockouts.

• Go to the 'Inventory Reduction' tab in Inventoro.
• Analyze the recommendations provided by Inventoro to reduce inventory size.
• Identify products marked as 'Losers' which have low sales performance and high storage costs.
• Plan a strategy to phase out or discontinue these low-performing products from your inventory.
• Implement the changes and monitor inventory levels to free up space and improve cash flow.

• Open the 'Product Segmentation' section in Inventoro.
• Review the segmented product list which categorizes items into 'Winners' (top sellers), 'Chasers' (slow movers), and 'Losers' (dead inventory).
• Use this data to understand which products generate the most profit and which ones underperform.
• Focus your marketing and sales strategies on 'Winners' to maximize profits.
• Decide on appropriate actions for 'Chasers' and 'Losers', such as promotions or discontinuation.

• Go to the 'Forecast Automations' tab in Inventoro.
• Set up automation rules to have Inventoro generate forecasts and replenishment reports on a regular basis (e.g., weekly, monthly).
• Customize notification preferences to receive alerts and reports in your email inbox.
• Ensure all automation settings are saved and in place to reduce manual effort.
• Review automated reports periodically to ensure they align with your business needs.

• Navigate to the 'Customer Satisfaction' section in Inventoro.
• Keep track of inventory availability metrics to ensure a high product availability rate for customers.
• Check for stockout alerts and take immediate actions to replenish items to prevent potential sales loss.
• Use customer feedback data available in Inventoro to evaluate satisfaction levels and identify areas for improvement.
• Implement adjustments based on insights to continually enhance product availability and customer satisfaction.

• Visit the 'Resources' section in the Inventoro dashboard.
• Read through the Knowledge Base articles for detailed guides and best practices.
• Watch video tutorials available in the 'Video Resources' tab to better understand Inventoro's features.
• Download and read the available E-book 'Chasing Giants' for additional insights.
• Contact customer support via chat or schedule a video conference if you need personalized assistance or have specific queries.

Inventoro Frequently Asked Questions