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Home > Supply Chain Optimization > Inventory Planning Software

Inventory Planning Software

Forecast, plan, and shape your inventory accurately with the TransImpact inventory planning software. Stay ahead of your inventory with real-time insights, and use the software to enhance sales forecast accuracy and profitability. Plan and optimize your inventory levels for projected events to maintain availability even as demand changes. Maintain an optimal safety stock to make sure you have products while your replenishment arrives.

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Home > Supply Chain Optimization > Inventory Planning Software

Inventory Planning Software

Achieve exceptional forecast accuracy with advanced inventory planning tools, offering real-time insights to ensure optimal product availability while significantly reducing stockouts and optimize available inventory levels.

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99%
Accurate Forecasts
85%
Reduction in Stockouts
33%

Reduction in Inventory

Inventory Planning Software Dashboards
  • Predict demand for five years
  • Custom demand forecasting
  • Detailed "what if" analysis

Keep Inventory Moving with Smart Planning

Advanced Inventory planning software help you to gain greater visibility into your supply requirements. Using predictive analytics, you can forecast with utmost accuracy. The software leverages historical sales, economic shifts, promotional events, and consumer trends to deliver precise demand forecasts.

What-Is-Inventory-Planning-Hero
  • Predict demand for five years
  • Custom demand forecasting
  • Detailed "what-if" analysis

What Is Inventory Planning?

Inventory planning helps confirm the availability of your products, even in a changing market. It’s the process of planning your inventory based on your forecasted demand. This ensures your inventory will suffice to meet projected demand. You can avoid stock-out scenarios and inventory waste due to overstocking. Make smarter inventory decisions while guaranteeing availability with safety stock calculation. Ultimately, with effective inventory planning, you can plan better and always stay ahead of the competition.

What Is Inventory Planning Software?

TransImpact inventory forecasting software helps you manage your inventory with ease. You get an accurate, real-time view of your in-store and warehouse inventory. Working as an inventory prediction software, it uses 280+ advanced algorithms to forecast your inventory with up to 99% accuracy. You can plan your inventory for up to five years and reduce stockouts by 85%. With an optimal safety stock, you can avoid facing loss when demand rises, also avoiding lower profit margins and excessive shipping charges by managing replenishment. Recognize demand changes due to upcoming events and manage your inventory accordingly.

  • 280+ forecasting algorithms
  • Minimize inventory wastage
  • Reduce stockout and overstocking
  • Manage the procurement of raw materials with the bill of materials for raw material ordering.
  • Maintain a stock of inventory in hand, production required, and the amount to be delivered to each location.
  • Reduce waste due to deadstock and overstocks by minimizing the time your products spend in the inventory.
  • Optimize inventory space as per demand planning to only store products that are necessary.
  • Perform extensive "what-if" analysis to cater to demand in any scenario.

Features of Inventory Planning Solutions

Bill of Materials (BOM)

Inventory planning software enables businesses to streamline raw material procurement using the Bill of Materials (BOM) explosion. Centralizing all procurement data, BOM provides a clear, hierarchical breakdown of materials required for each product, ensuring precise resource planning—even for kits. Ordering materials at the right time helps avoid costly shortages and inflated prices, reducing operating costs. This seamless approach keeps production running smoothly, ensuring raw materials are always available when needed.

Real-time Inventory Analysis

Inventory analysis tools provide real-time insights, offering an updated measure of available stock to meet demand efficiently. With the software businesses stay ahead by preventing stockouts and overstocking—common challenges caused by inaccurate inventory data. With clear visibility into in-store and warehouse stock, demand planners can confidently track inventory levels and make informed decisions based on upcoming demand trends. Real-time insights support smarter decision-making, allowing for optimized safety stock levels aligned with available inventory and forecasted demand.

Event Promotions

Events like holidays, market shifts, or sudden weather changes can shake up demand in unpredictable ways. Inventory forecasting software helps you stay ahead by spotting these shifts early, giving you the insights needed to keep stock levels just right. No more last-minute shortages or excess inventory—just smooth, stress-free operations when it matters most. Adjust inventory based on projected demand changes and allocate stock strategically to locations with higher demand, maximizing efficiency and sales opportunities.

Predictive Analysis

Predict inventory demand up to 180 periods in advance using 280+ forecasting algorithms. Achieve up to 99% forecast accuracy, enabling better inventory management and increased profitability.

Enhance inventory turns with in-depth “what-if” analysis, adapting to market shifts and supplier fluctuations. Anticipate changes in safety stock to maintain availability during replenishment delays or demand surges, ensuring seamless operations.

Safety Stock Optimization

Safety stock ensures business continuity when demand exceeds forecasts. Inventory optimization tools help maintain accurate safety stock levels, preventing stockouts while minimizing excess inventory waste. Dynamic safety stock optimization allows real-time adjustments based on supply chain fluctuations.

A well-managed safety stock enables smarter decision-making, reducing replenishment costs with replenishment inventory optimization software, ensuring efficiency and cost savings.

Warehouse Management

Software for inventory planning makes warehouse management easier by keeping track of inventory changes in real time, ensuring you always have a clear view of available stock.

With these insights, you can better plan production, manage replenishment orders, and maintain the right safety stock levels to keep operations running smoothly. Determine net purchase requirements for single or multi-level warehouses and efficiently allocate inventory across locations for improved supply chain efficiency.

Benefits of Inventory Planning Software

Manage Thousands of SKUs with Ease

Reduce management of thousands of SKUs with action items, and manage by exception to only focus on items that need immediate attention.

Stay Ahead of Your Inventory

Get real-time insights into inventory levels and keep track of product demand, sales, and inventory planning and optimization on hand. Get custom alerts for inventory shortages and dips in safety stock.

Effectively Manage Your Inventory

Get net purchase requirements for single or multi-level warehouses and enhance inventory turns regardless of market or supplier conditions.

Enhance Business Profitability

Increase your sales forecast accuracy with better inventory management, and match your demand to inventory for greater profitability.

Reduce Stockouts and Overstocking

Our stock forecasting software ensures you have ample inventory to cater to your predicted demand to avoid out-of-stock scenarios while reducing inventory waste due to overstock.

Improve Your Warehouse Management

Manage a detailed record of available inventory to plan production and segregation of products with a centralized system for better warehouse management.

With thousands of fast-moving SKUs, we are able to manage the forecasting and planning in literally minutes with customized reports.
– Pranav Gupta
Forecast Analyst

Customer Reviews

Kawasaki
"TransImpact has freed up millions of dollars in inventory and allowed us to justify a new hire"
Paul Feorene
Manager - Logistics, & Parts Management
Kawasaki
Markwins Beauty Brands
"They used one sheet per brand... [and] we had to aggregate everything. We would pretty much use the historic numbers to try and project everything. TransImpact allowed us to do more."
Martin Toh
Executive Vice President of Operations
Markwins Beauty Brands
walker Edison
"One of the great things TransImpact did [was give] us the opportunity to take as many SKUs as we wanted and give them historical data and run the forecast in the system and see what that output was."
Josh Rocha
Supply Chain Manager
walker Edison
SKLZ
"With TransImpact we are able to combine both forecasting and supply planning and toggle between them easily. With the visibility gained from TransImpact, our forecast accuracy has improved."
Erica Davis
Director of Planning
SKLZ
Ramco
"As part of a deal with General Motors, Cassidy is responsible for ensuring 50 GM plants weekly forecast data is automatically interfaced into TransImpact to assist in executing their orders."
Cassidy Laudadio
Forecasting Specialist
Ramco
ChefWorks
"First, the forecasting software has helped us tremendously. In addition, the visibility into our current inventory hold has helped us very much. Without TransImpact I don’t know how I would find out how much inventory I have and what I am going to end at."
Nicolette Molina
Senior Supply-Chain Analyst
ChefWorks
Ooly
"[OOLY] was always out of stock, couldn’t deliver, and always ship backorders [where] customers had to wait forever to get their [orders].” “Within a year, we corrected our image in the marketplace. […] We were able to… optimize our [inventory turns]."
Matt Peters
VP of Operations
Ooly

Achieve Your Sales Goals with Accurate Inventory Forecasting Tools

280+ Forecasting Algorithms

Get up to 99% accurate inventory forecasts with 280+ advanced forecasting algorithms to help plan your inventory better.

Extensive “What-if” Analysis

Perform “what-if” analyses of your products to ensure availability in any scenario and recalculate your safety stock as your supply chain needs change.

User-Friendly Interface

Inventory planning and optimization grows with your business, giving you accurate inventory forecasts with a user-friendly interface for easy information access at every step.

Enhanced Inventory planning

Time-phased inventory plan to help you in daily, weekly, or monthly intervals for up to 180 periods.

Dashboard Planner

Get detailed access to your open sales orders, replenishment orders, dependent demand, and consolidated time-phased data with a dashboard planner.

Custom Alerts

Set custom alerts like out-of-stock, overdue receipts, recommended orders, safety stock running out, and more from the inventory planning software as your inventory changes.

Inventory Planning Software Integrates with Any ERP of Your Choice

To ensure you get accurate forecasts every time, our software integrates with most popular ERP solutions and business intelligence tools. If you wish to change your ERP solution, our experts will help easily integrate your data with the new system. With 24×7 virtual sessions and impeccable customer service, our experts are there to help you with your ERP integration at any time.

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  • Excel
  • Shopify
  • SAP
  • Microsoft Dynamics
  • Oracle
  • QAD
  • Epicor
  • Acumatica
  • Jiwa
  • Qlik
  • Big Commerce
  • TAKE
  • Infor
  • Netsuite
  • Quickbooks
  • DOMO
  • Pronto Software
  • efi
  • Lansa
  • Syspro
  • JDEdwards Enterprise Software
  • Macola Software
  • Sage
Inventory Planning Software

Who Needs Inventory Planning Software?

Inventory planning tool empowers businesses of all sizes to forecast demand and streamline supply chain operations effortlessly. Designed for various industries, it helps maintain optimal stock levels and improve overall efficiency.

Any business managing inventory can leverage the software to enhance forecasting, prevent stockouts and overstocking, and reduce unnecessary costs. By optimizing inventory, businesses can maximize profitability and ensure a smooth supply chain.

Some of the industries that require inventory planning include retail, manufacturing, FMCG, automotive, fashion, eCommerce, and more. Businesses belonging to different industries need a different set of forecasting services. A few ways businesses from these industries benefit from inventory planning, include –

Photo of a shopping cart full of bags

eCommerce

eCommerce businesses of all sizes can benefit from inventory planning software. Businesses can determine the amount of inventory needed in various locations, how the inventory levels change according to events, and ensure availability.

Photo of fruits and vegetables

Food & Beverage

Maintaining an accurate inventory is crucial in the FMCG industry. Since most products have a shorter lifespan, overstocking can lead to deadstock. Accurate inventory planning helps maintain inventory levels and safety stock, and manage replenishment.

Photo of a clothing store

Retail

With changing market trends, managing an inventory often proves difficult for retail businesses. Using predictive inventory management, retailers can estimate demand changes and thus the changes in inventory levels and safety stock.

Photo of a woman shopping for clothing

Fashion

Effective inventory planning lets you respond to changing fashion trends faster. Real-time insights ensure popular products remain in stock, even as the demand rises, and businesses can track as the products move along the supply chain.

Photo of home appliances

Electronics

Electronic products are more expensive than other retail products, and stockout or overstocking can cause greater loss to businesses. Planning inventory in advance can help businesses make the most of consumer trends while minimizing loss.

Photo of an SUV in an service garage

Automotive

Businesses can save revenue on damaged and wasted materials with successful inventory planning. Monitoring inventory in real time helps businesses plan raw material procurement, stock allocation, safety stock, and replenishment orders.

Inventory Planning Software FAQs

What is inventory planning?

Ask us! Inventory planning lets you forecast and manage your inventory based on predicted demand, seasonality, and other factors. You can avoid harmful scenarios like stockout and overstock by accurately planning your inventory. Book a demo with our experts to know more!

Inventory planning helps confirm the availability of your products, even in a changing market. It’s the process of planning your inventory based on your forecasted demand. This ensures your inventory will suffice to meet projected demand. You can avoid stock-out scenarios and inventory waste due to overstocking. Make smarter inventory decisions while guaranteeing availability with safety stock calculation. Ultimately, with effective inventory planning, you can plan better and always stay ahead of the competition.

What Is Inventory Planning Software?

TransImpact inventory forecasting software helps you manage your inventory with ease. You get an accurate, real-time view of your in-store and warehouse inventory. Working as an inventory prediction software, it uses 280+ advanced algorithms to forecast your inventory with up to 99% accuracy.

You can plan your inventory for up to five years and reduce stockouts by 85%. With an optimal safety stock, you can avoid facing loss when demand rises, also avoiding lower profit margins and excessive shipping charges by managing replenishment. Recognize demand changes due to upcoming events and manage your inventory accordingly.

Why is inventory planning important?

Inventory planning helps your business ensure availability and avoid unnecessary costs related to overstocking. You can replenish on time and save on excessive replenishment costs, maximizing revenue while minimizing cost.

What is the best way to plan your inventory?

Inventory planning software is the best way for you to plan your inventory accurately and with ease. Unlike spreadsheets, the software enables easier data access and automates forecasting to give accurate results.

How can forecasting your inventory help?

By forecasting your inventory, you can monitor your product performance, accurately manage inventory, and maintain optimal safety stock.

Does your business need inventory planning?

If your business has an inventory, it needs inventory planning. From small to large businesses, all can benefit from accurate inventory planning. To learn how our inventory planning software can help you, schedule a demo with our experts!

Which is the best inventory planning software for your business?

TransImpact provides one of the best inventory planning software solutions in the market. With over 250 forecasting algorithms, you can plan your inventory for up to five years with up to 99% accuracy. To learn more about inventory planning software, get in touch!

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