App is really Free of cost?
Yes, you have free unlimited access to all the following features, as mentioned in our features page, under app settings:
Inventory Forecast for each SKU in your store
Reorder quantity and Reorder deadline
Lead Time & Days of Stock Bulk-Edit
Revenue of each SKU in selected timeframe
Export results as excel-friendly CSV
Search by product details
If at any time we require a fee for features of the app that are now free, we will give you advance notice of such fees.
How far back does the data go?
IFH app can fetch the sales data only from last 60 days.
App first grabs the recent 7 days of orders to display quick forecast results. Then it starts grabbing the orders for up to 60 days. We do this because grabbing historical orders takes time.
How does Inventory Forecasting Hero (IFH) works?
Inventory Forecasting Hero uses your recent sales history to predict how much you should restock for products that will sell out soon.
How does it work:
1.Choose the sales timeframe in the past you want the app to use for the prediction
2.Tell the app how many 'Days of stock' you want to keep available on hand.
3. Tell the app your 'Lead Time'. That is the time that your supplier takes to ship inventory.
4. The app will show you which products are about to go out of stock during that time and how much you should restock.
Click here to see a demo video of the Forecast feature.
Is there a demo video of Inventory Forecasting Hero?
Here is a small demo video of two minutes that explains the functionality of app.
If you would like to have a live demo, our Customer Success team is available for a call between 9AM to 5PM Eastern time on weekdays
You can book your Demo here.
How long does it take to see the initial results?
When you install the Inventory Forecast Hero (IFH) app,
It grabs all the products from your store first.
Then app fetches the sales history from past 60 days, to update the orders of the products.
Typically it takes 1 minute to grab the 1000 products. Also updating the 1000 orders takes around 1 minute.
Thus, the forecast page results depends upon the number of products available at your store.
How do I tell the app how long my supplier takes to ship the products (Lead Time) and how many days of inventory I want to keep on hand (Days of stock)
You can save these values in App Settings to update the app regarding how long your supplier takes to ship the products (Lead Time) and how many days of inventory you want to keep on hand (Days of stock).
The default 'Lead Time' is 14 days and 'Days of Stock' is 30 days, which is common for all products.
You can update the default from Settings > Forecast Settings:
If you want to update the 'Lead Time' & 'Days of Stock' separately for any individual product/variant, you can do this from forecast results page, as shown in GIF below:
You can also select multiple products or select all products from page to bulk edit the 'Lead Time' and 'Days of Stock' values.
How do I see how much inventory do I have in hand?
You can check the latest inventory of a product under the column 'Inventory in hand'. This column is shown when you click the toggle option 'Show inventory and revenue'
Note that inventory and orders sync process runs once a day automatically. To update the latest inventory, you will have to click the Sync button.
Does your app have features like Purchase Orders, Seasonal Forecast, Bundle Products?
These features is coming soon in the next phase. Our tech team is currently working on the 'Purchase Orders'.
For now the forecast is based on the sales during the timeframe that you set. We are working to add the seasonal factor in forecast results soon.
Regarding Bundle products, we understand that you might customise a Bundle with SKUs of products A & B.
You want the reorder quantity for a Bundle product as a whole, considering inventory of two separate SKUs of different products that makes the bundle. Sorry, as per current functionality, the app will treat each product/SKU as a separate individual product.
I think you might need to use your Bundles app for this use-case, which is available at Shopify's app store.
How do I see my best sellers by revenue?
To see the revenue earned by products, you just need to check the 'Revenue' column which is shown when you click on toggle option 'Show inventory and revenue'.
Then you can sort the results by the 'Revenue' column, to check which products are the best sellers.
How do I search for a product?
It is very easy to search a particular product or similar products using the search field.
You just need to search product by Product title, SKU, Variant or Vendor.