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 💙 ,

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!

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!