Demand Forecaster Removes the Mystery from Inventory Forecasting
Whether it’s taking up space at your own warehouse or sitting in a third-party fulfillment center, having the correct inventory level is critical. But without reliable forecasts, you’ll always run the risk of miscalculating inventory needs.
ChannelAdvisor’s Demand Forecaster allows you to accurately predict the inventory needed to meet upcoming sales volume, without over or understocking. This advanced feature puts the right data at your fingertips so you can get the right level of inventory — at the right time and for the right channel. Say “goodbye” to surplus inventory and understocking and “hello” to more sales, from season to profitable season.
How Demand Forecaster Works
Demand Forecaster applies machine learning to perform detailed, SKU-level analysis that greatly increases the accuracy of inventory forecasts based on the latest e-commerce trends across hundreds of channels. This tool is designed to provide critical insights into product-level demand so you can:
The stock level predictor provides accurate inventory forecasting through seasonal sales cycles, making it exponentially easier to avoid missing sales opportunities from running out of stock too soon.
By predicting per-product estimates of what inventory levels will look like and when stock will run low on each channel over a period of 30, 60 or 90 days, you can prevent unnecessary inventory fees and closeout pricing.
The historical seasonal sales analyzer pulls from $8.1 billion in GMV data across thousands of sellers and some 100 channels to help you align inventory to the latest e-commerce trends.
Ready to get started? Request a demo to see Demand Forecaster in action.