It's important to get an accurate inventory forecast for the whole year. Accurate forecast reduces risk of overstocking or understocking by ~95%. Forecasts drive important decisions like inventory purchasing, marketing spend, finances
At Prediko, have tried and tested a lot of inventory forecasting apps and software. We have gone through the options and narrowed it down to Top 14.
Please note that some of these software are only Shopify apps and available on the Shopify App Store, while others offer broader inventory management software capabilities.
Prediko's inventory management software caters to both SMBs as well as large businesses to accurately predict demand. That’s why we have kept ourselves at the top of this software list.
List of Highly Rated Software for Inventory Forecasting (as per reviews)
- Prediko's AI Inventory Forecasting
- Bee Low Stock Alert & Forecast
- Inventory Forecasting Hero
- Stockbot Inventory Forecasting
- Monocle AI inventory forecasts
- Cogsy
- Bucey AI Inventory Forecast
- Logistified Inventory Forecast
- Sensible Inventory Forecasting
- Sumtracker Inventory
No. 1 👉 Prediko’s AI Inventory Forecasting & Management App
TL;DR: AI-powered forecasting trained on 25M+ SKUs. Offers ~95% accuracy, real-time alerts, multi-channel support.
5.0 ⭐ (150+ Reviews on Shopify App Store)
Features that make Prediko better than other inventory forecasting software
- AI-powered software that accurately predicts future demand for your products based on historical data and trends.
- The visual representation of sales data over time allows for easy identification of trends and patterns, ensuring that inventory decisions support overall supply chain optimization goals
- Our model factors factors in multiple sales channels and has accuracy as high as ~95%.
- Download reports of your forecasts and demand plan.
- Get low stock alerts and tie them to your inventory forecast. Receive notifications when inventory falls below a specified threshold.
- Intuitive design for easy plan configuration, data review and has inbuilt inventory tracking
Pricing
Prediko's starter plan starts from $49/month. It's a revenue based pricing model that includes all core features and includes onboarding and support.
Comparison of the Best Inventory Forecasting Software
One of our customers, LabFresh (appeared on Dragon's Den) had this to say about Prediko's AI inventory forecasting accuracy
Prediko's AI is outperforming internal inventory & sales forecasting at LabFresh (Dutch Brand that makes life-proof clothing that stays clean and fresh for many days.)
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2. Bee Low Stock Alert & Forecast
TL;DR: Simple forecasting with alert scheduling and sales velocity tracking.
This software helps you to calculate reorder quantities and forecast inventory for the rest of the year.
Main features of this software
- 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
TL;DR: Basic reorder and forecasting support to save time and minimize waste.
This inventory forecasting solution helps you to forecast your inventory well ahead of time.
Main features of this software
- 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
4. Stockbot Inventory Forecasting
TL;DR: Combines forecasting with low stock alerts. Ideal for identifying slow-movers.
Forecast your customer demand and get your reorder quantities. Also set low stock alerts.
Main features of this software
- 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.
5. Monocle AI inventory forecasts
TL;DR: Forecasting focused on sales lift and order value. AI automation saves hours.
Revolutionise eCommerce with AI: Save time, cut costs, boost sales.
Main features of this software
- 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
6. Cogsy
TL;DR: High-visibility planning tool with robust integrations and flexible forecasting.
This inventory forecasting app helps you with demand planning for whole of the year
Main features of this software
- 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.
For brands outgrowing its current feature set or looking for a more Shopify-native stack, here’s a deeper look at Cogsy alternatives tailored to fast-scaling inventory operations
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7. Bucey AI Inventory Forecast
TL;DR: Capital optimization and market trend insights with data-driven forecasts.
Main Features of this software
- 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.
8. Logistified Inventory Forecast
TL;DR: Free tool to monitor stockouts and restocking needs in real time.
Main Features of this software
- Predict out-of-stock dates to ensure you never miss a sale due to stock shortages.
- Calculate the precise quantities needed for restocking using forecast models.
- Seamlessly monitor your software in real-time for accurate forecasting.
Pricing
Logistified Inventory Forecast only offers a free plan.
9. Sensible Inventory Forecasting
TL;DR: Basic quantity forecasting with multi-supplier support.
Main Features of the software:
- Good forecasting ensures products don't run out of stock.
- Quantity suggestions based on past sales data.
- Add multiple suppliers for a single product.
Pricing
The pricing starts from $29/month.
10. Sumtracker Inventory
TL;DR: Multi-channel support with PO automation and component-level bundle tracking.
Main features of this software
- Keep inventory in sync across Shopify, Amazon, Walmart, eBay, Etsy and other platforms
- Auto-update bundles inventory based on the componenets
- 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.
11. Netstock Inventory Planning
TL;DR: Cloud-based inventory optimization that brings ERP data to life for smart replenishment.
Netstock offers cloud-based inventory optimization for businesses already using ERP systems. It bridges the gap between ERP data and actionable inventory insights.
Main features of this software
- Automatically assigns demand‑forecasting models per item, location, channel, and customer, leveraging historical sales, seasonality, promotions, and lost‑sales adjustments.
- Highlights stock KPIs like stock‑vs‑model, excess, stockouts, fill rates, and early alerts on a single visual dashboard..
- Automates optimal reorder quantities factoring in lead times and safety stocks, reducing manual efforts.
- Integrates smoothly with major ERPs (NetSuite, SAP, Microsoft Dynamics, Sage, Odoo, Fishbowl, etc.)
Pricing: Custom packages based on business needs.
12.StockTrim Inventory Forecasting
TL;DR: Forecast demand and reorder quantities with ease. Built for small and growing businesses.
StockTrim is designed for small-to-medium businesses and startups looking for affordable and smart inventory forecasting.
Main features of this software
- Forecasts demand using historical sales and adjusts forecasts based on trends.
- Calculates recommended reorder quantities and lead times for each SKU.
- Offers purchasing suggestions and future demand visibility for all products.
- Built-in AI learns from your data and improves forecasts over time.
Pricing : Plans start at US $99/month
13. RELEX Inventory Optimization
TL;DR: Retail-grade supply chain automation for large enterprises with complex operations.
RELEX Solutions is a powerful enterprise platform for inventory optimization, retail forecasting, and merchandising.
Main features of this software
- Automates replenishment, shelf space optimization, and supply chain planning.
- Leverages AI to reduce food waste, optimize seasonal stock, and improve availability.
- Tailored for grocers, big-box retailers, and CPG companies with high SKU complexity.
- Integrates deeply with enterprise ERP and POS systems to maintain real-time accuracy.
Pricing: Custom pricing based on scale, modules, and integration requirements.
14. o9 Solutions
TL;DR: AI-powered demand forecasting tool for enterprise brands with complex operations.
o9 Solutions provides end-to-end supply chain and demand planning for enterprises, using AI to power what they call the "Digital Brain."
Main features of this software
- Combines inventory forecasting with supply chain modeling and scenario planning.
- Helps enterprises reduce working capital by improving demand accuracy and lead time insights.
- Integrates demand signals from internal and external data sources, including POS, weather, and macroeconomic data.
- Suitable for enterprise-level businesses across retail, manufacturing, and pharma.
Pricing: Custom Pricing Available
Irrespective of the software that you select, we have covered how to properly do inventory forecasting on Shopify.
