Hi Inventoro users,

we have some news! You ask, we deliver! Many of you requested the possibility to filter purchase order recommendations for 24 months or with the custom filter.

You can find this at the bottom of the Time filter in the Replenishment. See the image below.

You can easily pick a date from and date till. Inventoro automatically filters just PO recommendations withing this time interval.

Click here to try this feature immediately!

Have a great day!

At the beginning of the new week, we have some minor improvements in our product. 

Data integration is a challenging task, you know. It’s a communication machine to machine and literally, this can be zillions of small jobs. So we’ve prepared a status of your data integration, see the image below. 

Here you can find a short description of all statuses:

Examples of different statuses.

The second improvement is an option to create your own name for the data integration.

For example here you can see how to rename the connection after click on the edit button.

In the case you have many different connections, for example, 6 Shopify stores for 6 different countries and several connections with your logistics partners (fulfillment, 3PL) you can create your own names to every single connection to have everything under control.

Have a nice week!

Tomas

Our team has been working on designing a brand-new version of the Forecast adjustment for a while.

From now on, you will see a number of different adjustments right on the main screen of the Forecast.

See here:

On the detail, you will see all your current adjustments across the whole company on different levels like warehouses, sales categories, or even products.

This version of the forecast adjustment gives you greater control and flexibility in managing your business. We believe this will be a valuable addition to our platform and we are confident it will help you achieve your goals. Thank you for your continued support and we look forward to your feedback.

Have a nice day!

Tomas

Hey Inventoro users,

another day another new feature. This one is super important especially these days of the lack of availability of products on the side of suppliers, continuously increasing variability in lead times and ongoing delaying in delivery, etc. You probably know these situations better than us.

You can filter your portfolio of Winners&Loser for a specific supplier. 

What are the benefits of this feature?

• as a product manager, you can deeper understand your portfolio
• you can compare suppliers
• you can use this profiling in negotiating with the supplier about new prices and conditions
• you can optimize your portfolio based on the top results 

We hope this will be helpful for you.

Have a nice day!

Hey Inventoro users,

we have a new feature here. As you probably know we are very focused on real benefits. With the first touch with your data, we can calculate the actual availability of your products, potential increase in monthly revenue, and decrease in working capital by optimization. You can find these KPIs by clicking on the golden bricks in the top right corner.

We just added a possibility to track these KPIs during the time. 

1.Current availability of products

This number shows your current availability of products and the percentage of those products available for sale, which also indicates how much of your products are not for sale. . The lower the number is the bigger problem you have. The difference between 100% and this value represents lost opportunity. 100% means that everything your customers need to buy is available in your inventory.

2. Lost monthly revenue

The second line translates current product availability into value, showing you how much money you're losing in lost revenue each month.

Monthly lost sales is a valuation or potential of your current stock unavailability. It is the potential you could achieve in addition if you had the right structure and amount of inventory. Basically, this is the potential that Inventoro can help you with and is its goal. 

3. Inventory reduction potential

The last part shows you how much money you have in Overstock. It shows you the opportunity to reduce your inventory in value. Remember that this is calculated based on your own data, so once you improve those numbers, you‘ll see the progress in the app. You can watch as the value of your deadstock decreases over time.

Hope you'll enjoy this feature a lot.

Have a nice day!

Hey Inventoro users,

We are introducing Custom data exports. A new, exciting way to leverage data from Inventoro.

Everything you can see in our app and even more can be considered as a piece of information that can be automatically exported every single day. Now we give you the solution to download these reports and even use them for your automation processes.

What data set can I use for automatic exports?

The best part is that you can export anything you want. Simply give us the criteria and we will prepare the export for you. There are many reasons why you would need to prepare an export report, but we have highlighted a few to spark your inspiration.

• See a historical report of sales for each SKU in sales as well as quantity.
• See your inventory forecast in quantity as well as stock value and understand if you will ever face inventory space struggles in the near future.
• See what has been your excess inventory over time and really understand what is standing in the way of your business.
• See your maximum inventory value in quantity as well as value over time.
• See how your forecast accuracy changes over time.
• Identify SKUs with sporadic demand across your entire portfolio

And we could go on and on. The possibilities are endless. The best part is that all these exports can be done on the level of SKUs, products, sales categories, suppliers, or warehouses. It is only up to you.

Is this service paid?

Yes, it is. It will cost you 25 USD/month for which you will get up to 3 reports generated on a daily basis. We can send you these reports in a CSV file, or directly via an API. Any other report above the limit of three will cost 15 USD/month.

How do I order this?

Right now, this is a request-only service. If you are interested in advanced reporting, simply send us an email to help@inventoro.com explaining what exactly you need. We will set it up in the back end and you’ll be set to go.

Hey Inventoro fans,

this is a kind of small but handy feature. All of you probably know the Replenishment where you can easily see the list of items proposed to purchase from your suppliers. We have a quite robust optimization engine that is able to calculate the optimum quantity needed in time for every SKU in your portfolio.

We just added a small green icon for every row in this table. If you click on this icon you’ll see the complete overview of historical sales, sales and inventory forecast, and level of safety stock. So basically you can quickly validate the optimum quantity for purchase. 

See you soon.

Hey Inventoro users 💙 ,

We have something special for you today and it’s is a pretty big announcement. Last month we worked on the Edit Arena and launched it in the app. So what is the Edit Arena?

The Edit Arena is a new part of Inventoro, where you can manage pretty much any product attribute inside of Inventoro. Things like MOQ, specific lead times, and packaging can now be set per SKU (see the complete list below). You can even set product predecessors or take out products from everyday recommendations altogether. 

Where you can find Edit arena? In Strategy Settings > Edit arena. Or just click here.

The Edit Arena is a tool designed for advanced inventory management. You can change parameters on any SKU or do bulk changes on groups of products. We have prepared some pretty advanced filters for you to set your product groups anyhow you need. By warehouse, by supplier, brand, collection, or much more. 

There are so many use cases for this:

• 💪 Exclude drop shipping products from order proposals
• 💪 Adjust order proposals to specific cubic meters to fit containers or other spaces
• 💪 Set expiration dates for fresh and super fresh products
• 💪 Set predecessors for new products, which replace older models
• 💪 And we could continue like this for the rest of the day. The possibilities are endless. 

And now finally. Here is the full list of settings you can do on any SKU or a group of SKUs defined by your filter.

1. You can edit suppliers or even create new ones and select which part of the portfolio you would like to purchase from them.
2. You can set different Minimum order quantities per SKU. 
3. You can set different Packing per SKU and Inventoro will automatically round purchase order proposal to this specific number. For example, you are ordering wine from a wine producer and they are enabling you to order just multiple six because in packing you have to have 6 bottles of wine.
4. The “Order” attribute represents if you would like to let Inventoro propose you optimum quantity to purchase or not. Anyway if you would like to stop ordering just set Order to No.
5. Attribute Visible represents your choice for total excluding these items from Inventoro. They won’t be a part of lists, reports, forecasts, purchase order proposals and so on.
6. Is your case that you would like to hold at least 1 piece for the item you are buying from one supplier? This is sometimes a part of the deal if you would like to achieve a better price. So you can easily set the Minimum inventory to 1. Inventoro will keep an eye on this and will look after that you have at least 1 piece no matter what.
7. Expirations in days are perfect for companies who have to deal with short expirations. For example dairy, grocery, pharma, brewery, etc. A good example is a simple yogurt where expiration dates are in just a few days. Inventoro will optimize inventory to cover just this specific expiration date and will eliminate write-offs because of expiration.
8. We have prepared specific settings for the Purchase order period and lead time for SKUs. For example, the lead time for the whole supplier could be 40 days but for a specific part of their portfolio the lead time will be 80 days. 
9. You can set weight in kilograms and volume in m3 per SKU. This is a preparation for our new feature where Inventoro can create a purchase order with automatic utilization of for example one 20” feet container, 40” or even 40” high cube container.
10. Last but not least is support for predecessors. Imagine that you’ve just added completely new products to your portfolio. With zero sales data, zero information. If you link these new products to current (existing) items, Inventoro will automatically utilize sales history from these predecessors and be able to create consistent forecasts from day 1.

How to work with the available filters?

We have prepared a bunch of different filter you can use for choosing the right part of your portfolio.

Direct pick from a list:

Fulltext in product name, sales category, supplier etc.:

Mathematical operations:

Yes/no attribute:

Bulk edit

If you want to change for example Minimum order quantity for all SKUs in the filter you can use the input in the first row as below

And then confirm the change to all selected SKUs.

Have a great day!

newWe have some exciting news! Bundles has been officially launched.

You ask, we deliver! Now with Bundles, you have another great way to effectively manage your inventory.

Bundles are the simplest way of BOM. BOM is the acronym for bill of materials. A BOM is a listing of the quantities of each of the materials used to manufacture a product.

You'll find this new feature in Strategy settings on the left menu, see tab Bundles.

The first step is to create the bundle. Click on the button Add bundle on the top. Then you can select an existing bundle from a list of items. After this you must confirm that you would like to create a new bundle from the existing SKU (item or product).

Now you'll see this bundle in the list of bundles. 

Now we can move on to the next step which is to add new item into this bundle. See point number 1 on the image below.

The next step (see number 2) is to add the required quantity for this item you need to create the bundles. See example, you'll need 2 pcs of Milk for this "Ready to go basket".

The last step is just to click on the Save button to confirm this operation.

Inventoro will calculate optimum Purchase order proposals including the necessary quantity for bundles.

You can also search in the list of Bundles, see option number 4 on the image above.

Have a great day!

Hey there,

we have a second announcement today. What a day uh? 😀

This feature is called Merge orders, which is a new way how to work with Inventoro’s purchase order proposals in default mode. 

How does Inventoro propose purchase orders?

It goes like this. We know the sales forecast, on-hand inventory, in-transit inventory, and of course, Inventoro knows who is the supplier and his lead time and purchase order period, etc.

Basically, this is the overall result. It’s called SawTooths graph (or sometimes diagram or model). This is a simulation of your future inventory and also the reason why our logo looks like it does.

For this Inventoro needs to propose a purchase order with proper timing regarding real lead time. You can see several purchase orders (blue color).

By default, Inventoro will provide a sum of these purchase orders for the chosen period (for example next 60 days or 12 months). 

If you turn off the "Merge orders" function by clicking on the switch. You will see every PO proposal with proper timing. 

Here you can see an example.

If you choose one SKU from your portfolio, in this example Beer for Sydney store, and you would like to know what to purchase for the whole year (next 12 months) you will see this.

But if you would like to know the exact plan of every PO you will have to send to your supplier at a specific time, you can easily click on this and then you will see this list of proposals for concrete dates.

So looking at purchase orders merged is good for negotiations and long term planning. Turn merging off and you will have a much better daily plan. 

Have a nice day!