Inventory Forecasting

Keep less inventory on hand

Data driven forecasting will prevent you have just the amount of stock you need at any given time. This prevents you from having an excess of stock sitting there and costing you money.

Increased accuracy

Veeqo’s algorithm ensures your demand forecast is optimised.

Reduced stock-outs

Inventory forecasting software uses data to reduce stock-out situations. This means that you can deliver a consistent experience to your customers by fulfilling orders when they are placed.

A good inventory forecasting software system prevents customers from seeing ‘out-of-stock’ on items they want to buy. Something that can stop them coming back.

Faster re-ordering

Purchases are automatically sent by email to suppliers.

Spend more time on your business

Faster and more accurate inventory forecasting allows you to spend more time on growing your business. You no longer have to pour over spreadsheets to get substandard forecasts. Veeqo provides accurate forecasts in seconds.

Set up your suppliers

You can save your supplier details in Veeqo and associate them with the relevant supplier. That way, when a product runs low you know how to connect and how much it will cost.

Run reports based on sales data & stock levels

Manual inventory forecasting often just relies on how much inventory you have in stock. not what you are likely to sell in the coming weeks. Veeqo uses historic sales data to calculate likely future demand.

The reports shows you what is in stock, items that are going to running low and previous sales

Used previous sales highs to predict future demand

Veeqo can be used to use data from previous sales periods, such as Black Friday, to figure out how much stock you are likely to need on the shelf in the future. You can then easily adjust the forecast to factor in any uplift in sales for the next period.

Run reports based on individual warehouses or all locations

You can run reports based on inventory in all warehouses or just in one location.

Veeqo automatically factor’s in lead times, stock transfers and outstanding purchase orders

To give you an accurate picture of your inventory requirements Veeqo takes into account lead times, delivery lead times, outstanding purchase orders, backorders, and any stock transfers in progress.

Automatically create multiple purchase orders that can then be instantly sent to your suppliers by email.

Your purchase orders are automatically matched to your products default supplier.

Choose to add your re-orders to existing Purchase Orders.