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Description
Sales forecasting can be enhanced through the use of machine learning algorithms that analyze various elements such as Seasonal Sales, Recurring Sales, Missed Sales, Related Sales, Marketing Promotions, Trend Impact, Abnormal Demand, and No Demand Cleanup. This process involves the automatic ranking of products at each outlet based on criteria like turnover, margin, and service level, facilitating a more strategic approach to inventory management. Additionally, it calculates the optimal safety stock levels for each product at each outlet to ensure sufficient supplies while minimizing excess. By determining the ideal reserve levels, resources can be utilized more effectively, leading to cost savings and improved efficiency. The system also assesses replenishment needs for all products across outlets and transit warehouses, generating comprehensive reports on product availability and liquidity. Important events trigger email notifications, ensuring relevant stakeholders stay informed. Furthermore, the system provides actionable recommendations for fulfilling calculated needs throughout the supply chain, while accounting for constraints such as priority, financial limits, service levels, and delivery methods. Automatically, it creates Supply and Sales Plans alongside Replenishment and Transfer Orders, streamlining operations and enhancing overall supply chain performance. Ultimately, this approach not only boosts operational efficiency but also improves decision-making processes across the board.
Description
Niyu Smart Stock is an advanced inventory management and replenishment tool designed specifically for businesses utilizing Odoo. It effectively integrates historical demand data, current inventory levels, incoming orders, transfer amounts, lead times, warehouse capacities, and planning guidelines to formulate a comprehensive action plan for each product per warehouse.
Rather than simply providing forecasts, it proactively informs teams about critical areas that require focus, indicates items that can be transferred from one warehouse to another, suggests what needs to be purchased, and specifies the timing for these actions. Each suggestion is substantiated by data such as Demand History, out-of-stock durations, forecast specifics, anticipated inventory coverage, safety stock levels, minimum order quantities (MOQ), order multiples, and lead times.
Additionally, users have the capability to initiate internal transfers and create draft Requests for Quotations (RFQs) directly within Odoo, organize purchase batches, oversee stock across multiple warehouses, factor in demand from Point of Sale (POS) systems, manage replacements for obsolete products, apply various exclusions, and monitor the implementation process. Smart Stock empowers distributors, retailers, and wholesalers to move away from traditional spreadsheet-based planning, enabling them to adopt a more efficient and repeatable workflow seamlessly integrated within Odoo, ultimately enhancing their operational effectiveness.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
Odoo
Pricing Details
$450 per month
Free Trial
Free Version
Pricing Details
$79/month
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
Mycroft Assistant
Founded
2014
Country
United States
Website
mycroft2b.com
Vendor Details
Company Name
Niyu Labs
Website
niyulabs.com
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
Supply Chain Management
Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management
Product Features
Demand Planning
Capacity Planning
Data Visualization
Historical Reporting
Inventory Optimization
Planned vs Actual Tracking
Product Introduction Planning
Promotions Management
Replenishment Management
Sales Forecasting
Supply Forecasting