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Description
Forthcast is an innovative application designed for Shopify merchants, utilizing AI to enhance demand forecasting and inventory management. By examining the sales history of your store, it predicts SKU-level demand for up to twelve months in advance, ensuring you can make informed purchasing decisions that help avoid both stockouts and excess inventory.
Key functionalities include detailed demand forecasts that incorporate seasonal and trend analyses; intelligent reorder notifications alongside calculations for reorder points; automatic generation of purchase orders; tracking of lost sales to assess revenue losses due to stockouts; detection of demand anomalies; support for bundles and kits without duplicating stock; customizable safety stock settings; management of multi-location inventory; and reporting on forecast accuracy.
Forthcast connects seamlessly in real-time with Shopify and also integrates with platforms such as Amazon, QuickBooks, Xero, and Notion. It is specifically designed to assist growing retailers with extensive and active product catalogs that have surpassed the capabilities of traditional spreadsheet-based planning systems, providing a more efficient and accurate way to manage their inventory needs. Additionally, this tool empowers merchants to optimize their stock levels effectively, ultimately leading to enhanced profitability and customer satisfaction.
Description
Enhance your merchandising execution by adopting a nimble, data-centric strategy that fosters improved operational effectiveness and accelerates outcomes. By leveraging automation and forecasting demand at a hyper-local scale, you can reduce inventory levels, boost sales, and empower your teams to make informed decisions. Break free from outdated and rigid merchandising methods, such as WSSI and other historical tools. Nextail integrates algorithm-driven, retail-focused solutions that increase flexibility and efficiency while eliminating manual tasks and reducing uncertainty. Prevent isolated stock issues by utilizing dynamic buffers that allow for daily adjustments in volume distribution across both online and physical channels. This process not only supports your buyers’ expertise but also equips them to purchase the optimal quantity of new products by accurately predicting local demand. By employing mid-term, bottom-up forecasts at the SKU level, you can ensure that buying decisions are driven by 80% data and only 20% intuition, promoting a more informed and strategic approach to inventory management. Ultimately, this transformation empowers retailers to adapt swiftly to changing market dynamics and customer preferences.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
Amazon
Notion
QuickBooks Online
Shopify
Xero
Pricing Details
$19.99/month
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Forthcast
Founded
2025
Country
Netherlands
Website
www.forthcast.io
Vendor Details
Company Name
Nextail Labs
Founded
2014
Country
Spain
Website
nextail.co
Product 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
Product 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