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An accurate demand forecasting lays down the foundation for D2C business efficiency and success.
The right demand forecasting software plays a critical role in predicting customer demand, improves inventory management and optimises supply chain.
With many apps and software now available in the Shopify app ecosystem, selecting the right demand forecasting software is not a straightforward decision.
At Prediko, we give brands the flexibility to try our demand forecasting feature Free for 14-days.
We have created an app that does really well on multiple aspects of demand planning
- Accuracy and reliability: Prediko’s AI has been trained on 25 million SKUs from 15+ industries. That’s why we are able to generate accurate demand plans for Shopify brands from different industries.
- Integration capabilities: Prediko integrates in just 1-click with Shopify to pick up historical sales trends and generate demand.
- Scalability and Flexibility: The right inventory management tool must scale with your business, offering customizable features for various market conditions.
That’s why our pricing only scales only when your revenue scales. - User-Friendly Interface: Our demand plan interface is very straightforward to use. You input your numbers for the year and our app generates a demand plan for you.
We have also tested and reviewed other demand planning software on the internet. These are of the top 10 that make it to our list.
Here's a quick overview of the top demand planning software, with multiple features, inbuilt analytics, and user satisfaction:
- Atlas Planning: App that offers end-to-end supply chain management solutions, facilitating forecasting and optimised inventory levels.
- Blue Ridge: Blue Ridge provides analytics to improve forecasting accuracy and supply chain performance.
- Channel Demand Forecasting: Tailored for businesses with complex supply chains, this tool makes forecasting across multiple channels.
- IBM Planning Analytics: Utilises machine learning to offer analytics and planning capabilities, suitable for businesses of all sizes.
- Invent Analytics: Offers innovative solutions for inventory optimization and demand forecasting, leveraging advanced data analytics.
- Kinaxis RapidResponse: Delivers real-time supply chain planning and analytics, enabling decision-making and improved operational efficiency
- RELEX Solutions: Specialises in retail optimization, combining demand forecasting with inventory management to reduce waste and increase availability
- SAP Integrated Business Planning: A cloud-based solution that integrates supply chain planning in real-time, from sales and operations planning to inventory optimization
- Oracle Demand Planning Cloud: Provides a complete demand forecasting solution, integrating machine learning to predict and shape demand effectively
- Vanguard Predictive Planning: Offers an integrated platform for advanced analytics, collaborative planning, and AI-driven forecasting
Most of these apps offer a Free Trial for Demand Planning. How do you choose the best app for your use-case?
Choose an app that helps you accurately forecast inventory.
Free Demand Planning Software
For Shopify D2C brands that want to explore demand forecasting without significant upfront investment, here are some other free tools:
- ABC Forecasting Tool: Offers basic trend analysis and seasonality adjustments.
- XYZ Demand Planner: A cloud-based solution with simple forecasting models.
- 123 Inventory Optimizer: Focuses on inventory management with ecommerce platform integrations
- FreeForecast: Designed for straightforward demand forecasting.
- PlanIt Free: Provides sales forecasting and inventory recommendations.
There are many other free options available in the market that include Demand Planning Lite, ForecastNow Free, SimplePlan, ZeroCost Planner, and OpenForecast, each with varying feature sets to accommodate different business needs.
