Hey, Inventoro world!

We are happy to announce to you our new feature. Now it is easier to make decisions above every purchase order proposal because you will see the real priority of your products right there.

Most of you have hundreds or thousands of items to buy from your suppliers. Sometimes days are hectic and you would like to finish this job quickly. This is the way how to prioritize your needs.

Just go to replenishment and see that with your own eyes.

Did you see the two golden bricks on the right top? Does it catch your attention, right?

This is what we do every single day. We take your fresh data and then calculate real availability of your articles. On the level of the article we are able to automatically identify the level of inventory which leads to lower or lost sales. This doesn’t have to be zero inventory. Every item is specific and for example if you have the last 10 pieces of bananas customers tend to pick another fruit instead.

Current availability of products

This value represents the real availability of your inventory right now. 100% means that everything your customers need to buy is available in your inventory. So basically you can satisfy your customers.

The lower the number is the bigger problem you have. The difference between 100% and this value represents lost opportunity.

Lost monthly revenue

As you know Inventoro is able to detect lost sales due to stockouts. This is an interpretation of the value you are losing on a monthly level. We also understand that this is the potential of increasing monthly revenue if you are using Inventoro. This is probably the most important benefit of Inventoro, the increasing availability. This can have a huge impact on your daily business.

Inventory reduction potential

We know your current inventory level (on hand) in value. We also know for every item you have in your portfolio the optimum inventory level. By the comparison of these two values we identify potential for reducing or decreasing inventory. This represents the sum of this potential. And this is also the second most important benefit of using Inventoro, the inventory optimization. Imagine your inventory is like a living organism which is able to balance its own structure every day. 

Happy Valentine's Day.

Everybody needs some reports, sometimes.

Hey Inventoro community! 

We've been super busy over the last few weeks, and we're excited to share our updates! 

We've released a new feature called Reports. This feature allows you to use three outstanding reports.

Stock overview

The ultimate goal of inventory management and optimization is to have an optimal structure of inventory, for every article or every SKUs.

This report shows you which part of inventory is in excess and which part of inventory is little or more underestimated in comparison with optimum level.

Sales forecast

This report is perfect for planning purposes. Here you can find sales forecasts per article, warehouse or store. These predictions are in quantity and also in revenue.

Sometimes this is called the first step of proper Sales & Operations planning process, where you can create different scenarios for your company including balance between the sales and logistic or supply chain capacities.  

Potential stockouts

This is crucial for decision making on an operative level. You will see every SKU within your portfolio which is currently facing the stockout or very soon will be in the stockout. Inventoro is able to calculate so called Lost sales and also Lost margin. So you can prioritize what you should solve very quickly with your suppliers.

We'll be using this changelog to tell you about any new features that we've launched, any improvements we make, or minor bug fixes.

We'd love to get your 🗣feedback on our new releases; 

• click the emojis
• send us more detailed feedback on any of our posts.

We've posted the last release notes so you can see what we've been working on recently. Click the expand button to open in a new tab. Hit Read More to see the full post. Click gifs to see a bigger image and click again to close. 

That's all; now you are fully updated!