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What is Mycroft Assistant?

Sales forecasting can significantly improve with the application of machine learning algorithms that evaluate a range of factors, including Seasonal Sales, Recurring Sales, Missed Sales, Related Sales, Marketing Promotions, Trend Impact, Abnormal Demand, and No Demand Cleanup. This methodology includes the automated ranking of products at each location based on essential criteria such as turnover, margin, and service level, which enhances inventory management strategies. Furthermore, it determines the optimal safety stock levels for each product at every outlet to maintain adequate supplies while reducing excess inventory. By establishing these ideal reserve levels, resources can be allocated more efficiently, resulting in cost reductions and heightened operational efficiency. The system also examines replenishment requirements for all products across various outlets and transit warehouses, producing detailed reports on product availability and liquidity. Key events trigger email alerts, keeping all relevant stakeholders updated in real time. Additionally, the system offers practical suggestions for meeting calculated demands throughout the supply chain, taking into consideration constraints like priority, budgetary limitations, service levels, and delivery methods. It automatically generates Supply and Sales Plans as well as Replenishment and Transfer Orders, thus simplifying processes and enhancing overall supply chain effectiveness. In essence, this approach not only streamlines operations but also fosters improved decision-making across all levels of the organization, ultimately leading to a more responsive and agile supply chain.

What is Inventory Planner by Sage?

To keep your best-selling products in high demand, it’s essential to manage inventory levels that meet customer expectations. Release cash tied up in slow-moving or surplus stock to reinvest in your top items. Accurately track what needs to be restocked and determine the best moments for reordering by considering crucial factors such as lead times, out-of-stock periods, and seasonality. Having a centralized view of all your sales channels and inventory locations enables you to ensure timely restocking of essential products, regardless of your business's operational scope. Employ seasonal forecasting methods to enhance your ability to anticipate demand for seasonal items effectively. For products that sell consistently every month, use non-seasonal forecasting, adjusting your analysis timeframe to capture sales trends accurately. Additionally, analyze historical stockout data to refine demand forecasts, as this approach accounts for availability while ignoring times when items are out of stock. By integrating these strategies, you can improve your inventory management, leading to a significant increase in sales performance, while also adapting to market changes more swiftly. Ultimately, a proactive inventory strategy not only maximizes efficiency but also enhances customer satisfaction by ensuring product availability.

Media

Media

Integrations Supported

Ordoro
QuickBooks Commerce
ShipBob
Unleashed

Integrations Supported

Ordoro
QuickBooks Commerce
ShipBob
Unleashed

API Availability

Has API

API Availability

Has API

Pricing Information

$450 per month
Free Trial Offered?
Free Version

Pricing Information

$99 per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Mycroft Assistant

Date Founded

2014

Company Location

United States

Company Website

mycroft2b.com

Company Facts

Organization Name

Inventory Planner by Sage

Date Founded

2014

Company Location

France

Company Website

inventory-planner.com

Categories and Features

Inventory Management

Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management

Supply Chain Management

Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management

Categories and Features

Inventory Management

Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management

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