Inventory Forecasting Software & Shopify Apps | Why Prediko Wins

It's important to get an accurate inventory forecast for the whole year. A simple search for inventory forecasting software on Shopify's App store shows more than 500+ options

That's why we have created an interactive list of top inventory forecasting software and apps for D2C and retail brands. Use the jump links to quickly navigate to a software of your choice.

It's important to get an accurate inventory forecast for the whole year. Such forecasts help in reducing the risk of overstocking or understocking. 

We have tried and tested each app in this list. See the interactive demo of the best available inventory forecasting app in 2024 over others and learn why Prediko is the winner when it comes to inventory forecasting.

We have gone through the options and narrowed it down to Top 10 for 2024. Please note that some of these software and apps might not be available on Shopify

At Prediko, we believe that we have created a Shopify inventory forecasting app that caters to both SMBs as well as large D2C brands to accurately predict demand and help optimise stock levels.

That’s why we have kept ourselves at the top of the list. 

Top Rated Shopify Apps for Inventory Forecasting (as per reviews)

1. Prediko’s AI Inventory Management App

5.0 star rating on the Shopify App Store

Features that sets apart Prediko from rest of the inventory forecasting apps & software

1. An AI-powered software that accurately predicts future demand for your products based on historical data and trends. Our forecasting model factors in a lot of inputs.
   
2. Quickly reorder quantity calculation. Automatically calculate the quantity of products to reorder based on demand forecasts and stock levels.
   
3. Set different lead times for each product or supplier to account for variations in shipping and production.
4. Download reports of your forecasts and demand plan based on historical data 
5. Get low stock alerts and tie them to your inventory forecast. Receive notifications when inventory falls below a specified threshold.

Pricing

Prediko's starter plan starts from $119/month. It's a revenue based pricing model that includes all core features and includes onboarding and support.

This Shopify app helps you to calculate reorder quantities and forecast inventory for the rest of the year. 

Main features of this Shopify app

• Create scheduled alerts when your inventory forecast falls down below the threshold. 
• Get sales and inventory forecast reports with export functionality
• Our forecasting module also takes into account the sales velocity of the product. 

Pricing

There are a couple of plans that are offered by Bee Low Stock Alert & Forecast - Free, Professional ($5.99/month), Advanced ($11.99/month) and Enterprise Plan ($39.99/month)

3. Inventory Forecasting Hero

This inventory forecasting Shopify app helps you to forecast your inventory well ahead of time. 

Main features of this Shopify app

• Save time and money by streamlining the forecasting process.
• Maximize profits & minimize waste by always having the right forecast
• Get reorder quantities and deadlines for each product

Pricing

Inventory Forecasting has two plans to choose from: Early Starters and Forecasting that starts from $24.99/month

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4. Stockbot Inventory Forecasting

Forecast your customer demand and get your reorder quantities. Also set low stock alerts.

Main features of this Shopify app

• Identify slow-moving products, allowing you to make decisions on whether to continue stocking them or adjust your inventory strategy
• Prevent dead stock and tie up capital in overstocking by accurately forecasting replenishment quantities
• Avoid the hassle of manual calculations

Pricing

Stockbot Inventory Forecasting offers multiple plans - Free, $9/month and Forecast + Alert at $25/month.

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5. Monocle AI inventory forecasts

Revolutionise eCommerce with AI: Save time, cut costs, boost sales.

‍Main features of this Shopify app

• Use forecasting to tap into emerging opportunities and optimize their average order value
• Data-driven forecasts enable businesses to make decisions about safety stock
• Eliminate the need for manual forecasting and saving valuable employee hours

Pricing

Monocle AI inventory forecasts offers multiple plans - $47/month, $67/month and $89/month

Here is a list of top Inventory management apps & software for Shopify in 2024

6. Cogsy

This inventory forecasting app helps you with demand planning for whole of the year

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Main features of this Shopify app

• This inventory forecasting software is tech stack agnostic. This software integrates with the ops tools you’re already using. 
• This software helps brands and businesses to bring inventory forecasts and operations into clear view
• Cogsy’s inventory forecasting helps you to achieve greater agility, alignment, and control throughout your brand.

Compare both Inventory Planner and Cogsy - See which one is better.

Pricing

Cogsy offers two plans - One plan is $49/month and the other one is $199/month

7. Bucey AI Inventory Forecast

Main Features of this Shopify app

• Achieve better stocking decisions with data-drven sales & forecasts.
• Free up capital by optimizing slow-moving items & safety stock through capital optimization
• Spot and leverage emerging market trends before competitors.

Pricing

Bucey AI Inventory Forecast pricing starts from $20/month

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8. Logistified Inventory Forecast

Main Features of this Shopify App

1. Predict out-of-stock dates to ensure you never miss a sale due to stock shortages.
2. Calculate the precise quantities needed for restocking using forecast models.
3. Seamlessly monitor your Shopify inventory in real-time for accurate forecasting.

Pricing

Logistified Inventory Forecast only offers a free plan

9. Sensible Inventory Forecasting

Main Features of the Shopify App:

1. Good forecasting ensures products don't run out of stock.
2. Quantity suggestions based on past sales data.
3. Add multiple suppliers for a single product.

Pricing

The pricing starts from $29/month

10. Sumtracker Inventory App

Main features of this Shopify App

1. Keep inventory in sync across Shopify, Amazon, Walmart, eBay, Etsy and other platforms
2. Auto-update bundles inventory based on the componenets
3. Automate purchase orders, manage incoming stock and receive stock partially.

Pricing

The different plans for SumTracker range from $49/month, $99/month, $199/month and $299/month.