Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
Often carried out at a category level, a financial plan acts as a foundational reference and a basis for developing other strategic plans. This comprehensive plan incorporates the essential features needed to create a long-term budget as well as forecasts for sales, gross margin, inventory turnover, and other crucial key performance indicators (KPIs). Users have the capability to evaluate and approve figures at various management levels, thereby establishing financial objectives for the upcoming year or multiple seasons. This plan relies on a long-term demand forecast and leverages the insights generated by Retalon’s predictive analytics engine, which analyzes historical sales data, including factors such as lost sales, promotional activities, price adjustments, seasonality, and market trends, to assist users in planning future sales, inventory quantities, and receipts. Additionally, this module empowers users to determine optimal initial pre-allocation quantities while considering the specific needs of each location, plan-o-gram limitations, desired product assortments, inventory availability, and relevant business rules. Ultimately, this structured approach to financial planning streamlines the decision-making process and enhances overall organizational efficiency.
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
Retalon
Founded
2002
Country
Canada
Website
retalon.com/solutions
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
Automatic Replenishment Systems
Counting by Exception
Customer Management
Financial Management
Inventory Management
Nice Shelf Stocks
On-order Information
Sales Anticipation
Store Order Leveling
Zero Turnover Checks
Predictive Analytics
AI / Machine Learning
Benchmarking
Data Blending
Data Mining
Demand Forecasting
For Education
For Healthcare
Modeling & Simulation
Sentiment Analysis