Inventoro

Inventoro is a sophisticated AI-driven platform specializing in sales forecasting and inventory management, making enterprise-level technology accessible to small and medium-sized businesses (SMEs). Developed over 15 years and powered by over 100 competing algorithms, it analyzes your historical sales data to deliver highly accurate predictions and actionable insights. The primary goal of Inventoro is to help businesses achieve the principle of "buy less, sell more" by optimizing stock levels, preventing stockouts, and identifying the most profitable products in their portfolio.

The platform seamlessly integrates with existing business systems, particularly for Cin7 customers, to pull sales data and automate the complex process of inventory replenishment. It transforms raw data into a clear strategy, allowing business owners to focus on growth rather than getting bogged down in manual ordering and stock management. By providing daily recommendations, Inventoro ensures that you always have the right products in the right quantity at the right time, maximizing customer satisfaction and profitability.

How to use Inventoro

Using Inventoro is a straightforward process designed for efficiency. First, you connect your inventory data source, such as your Cin7 account or other supported e-commerce and ERP platforms. Once connected, Inventoro's AI gets to work, analyzing up to two years of your past sales history to understand your business's unique sales patterns, seasonality, and trends. The system then generates daily, actionable insights. You will receive a replenishment list with precise quantities of goods that need to be ordered to maintain optimal stock levels. You simply follow these AI-driven recommendations to watch your inventory levels decrease while product availability and sales increase. The platform also provides clear reports and product segmentations to help you make strategic decisions about your product portfolio.

Core Features of Inventoro

• AI-Powered Sales Forecasting: Utilizes a collection of over 100 advanced mathematical and deep learning algorithms that compete to provide the most accurate sales predictions for your specific business.
• Smart Replenishment: Generates daily, automated order lists with recommended quantities, eliminating guesswork and reducing the time spent on manual ordering by up to 20 hours per week.
• Product Segmentation: Automatically categorizes your entire product portfolio into 'Winners' (top sellers), 'Chasers' (slow movers), and 'Losers' (dead stock), enabling you to focus marketing efforts and clear out unprofitable items.
• Seamless Integration: Offers easy integration with a growing number of platforms, with a special focus on Cin7, to ensure a smooth flow of data between your sales channels and inventory management system.
• Comprehensive Reporting: Provides detailed insights and reports that help you understand your inventory health, improve cash flow, reduce inventory space, and forecast sales peaks.
• Unlimited Scalability: All plans include unlimited SKUs, warehouses, connections, and users, ensuring the tool can grow with your business.

Use Cases for Inventoro

Inventoro is ideal for any business struggling with inventory management, especially e-commerce stores, retailers, and distributors with a large number of SKUs. For example, an online fashion retailer like 'Tamsin' can use Inventoro to forecast seasonal bestsellers and optimize stock for unique styles, preventing stockouts during peak season. A specialty goods store like 'Kulina', with over 10,000 products, can use it to identify its 'Winners' and 'Losers', cleaning its portfolio and focusing on high-profit items. Even a service-based business with physical products, like the 'Endala Clinic', can use Inventoro to streamline daily orders for its health products, allowing staff to focus more on client care.

Advantages of Inventoro

The key advantage of Inventoro is its ability to deliver powerful, enterprise-grade forecasting technology at an affordable price for SMEs. This leads to significant, measurable benefits:

• Drastic Inventory Reduction: Users can decrease inventory by up to 40%, freeing up significant cash for other business investments.
• Revenue Growth: By optimizing the product portfolio and ensuring high availability of popular items, businesses can increase revenue by up to 5%.
• Time Efficiency: Automating the ordering process saves up to 20 hours of manual work per week.
• Maximized Product Availability: Maintain up to 99%+ product availability, preventing lost sales and improving customer satisfaction.
• Improved Cash Flow: By minimizing overstock and dead inventory, businesses can significantly improve their cash flow and financial health.

Pricing and Plans

Inventoro's pricing is transparent and based on a single variable: your company's annual turnover. This scalable model ensures that the cost is always aligned with the size of your business. For example, a business with an annual turnover of up to $12,000,000 USD would pay a monthly fee of $299. Regardless of the turnover, every plan includes the full suite of features: unlimited functions, unlimited warehouses, unlimited SKUs, unlimited connections, and unlimited users. It's important to note that Inventoro is currently available exclusively for Cin7 customers, ensuring deep and seamless integration with that platform.