Top 10 Inventory Planner Alternatives | Try Prediko (5 Star Rated on Shopify)

By Youri Moskovic
Last Updated:
June 18, 2024
time

We have narrowed down your search for Inventory Planner Alternatives. See why Prediko is the best Inventory Planner Alternative.

Inventory Planner by Sage is a popular robust sales forecasting and inventory planning tool designed for eCommerce and multichannel retailers
It allows brands to predict future sales and efficiently manage inventory needs across multiple sales channels like Shopify, Amazon, and eBay.

However the tool has limitations and that’s why the market has many alternatives to Inventory Planner. Prediko is one of those alternatives and we are rated 5 star on Shopify App store

As per some of the negative reviews about the Inventory Planner app as per Shopify App Store
1. High cost and complicated pricing model, with a lot of reviews mentioning unexpected price increases.
2. Poor customer service and slow response times from the support team.

3. Technical issues with the software.
4. Difficulty in using the software, with some users finding it complicated.
5. Unhelpful training provided by a third party.
6. Issues with the software's forecasting logic, particularly for products with long lead times.
7. Negative experiences with contract terms, particularly following the acquisition by Bright Pearl.
8. Frustration at being 'locked in' due to the cost and hassle of changing to a different system.

Why is Prediko the best Inventory Planner Alternative?

Prediko is an AI inventory management solution that has been trained on 25 million SKUs from 15+ industries.

Here are the features that an Inventory Planner Alternative app should have: 

1. AI Insights 

One of the standout features of Prediko is its AI-driven insights capability.
With help of Insights, Prediko can help you break down complex inventory questions into simple actionable daily tasks related to inventory sync

- Are my POs late? How am I doing on my POs delivery?
- How many SKUs are running out of stock?

Prediko's 'Insights' feature allows users to make informed decisions based on concrete data rather than making assumptions.

On the other hand, Inventory Planner does not offer an Insights page, which means users might miss out on the valuable insights that AI can provide.

2. UI / UX

The user interface and user experience of an inventory management solution can significantly impact its ease of use.

Prediko offers a modern UI/UX, making it intuitive and user-friendly. Inventory Planner has a more functional UI/UX.

3. Forecasting

Forecasting is a critical aspect of inventory management, helping businesses predict future demand and plan accordingly.
Prediko excels in this area with its robust forecasting capabilities, powered by an algorithm trained on over 25 million SKUs across more than 15 industries on modern D2C brands.

This extensive training data allows Prediko to provide accurate and reliable forecasts.

Inventory Planner also offers good forecasting capabilities, although they do not provide much detail about the specifics of their forecasting algorithm and training data.

4. Planning Capabilities

Planning is at the heart of inventory management.
Prediko offers both bottom-up and top-down edit plan capabilities, providing businesses with the flexibility they need to manage and adjust their inventory plans based on changing business needs and market conditions.

Prediko plugs into your Shopify sales data to generate a demand plan for the rest of the year.
A brand can also easily input their numbers to make changes to their plan based on marketing campaigns, seasonality and growth trends.

5. Dynamic Buying Table with Restocking Recommendations

An essential feature of Prediko is its dynamic buying table that generates recommendations on what to buy and when to restock.
This feature can significantly simplify the restocking process and help businesses avoid stockouts or overstocking, both of which can have negative financial implications.

Buying Table tells you

1. How much stock are you currently holding?
2. What is the sales velocity for a particular SKU?
3. Health of a particular stock to let brands know when to reorder

6. Inbuilt Raw Materials Management

Prediko has an inbuilt Raw Materials Management feature that helps the brand to find out how they track and manage raw materials.

  1. You can easily manage and categorise your raw materials
  2. Create a bill of materials and add your production time

7. Reporting

Inbuilt reporting that covers all the main KPIs and numbers -

8. Auto SKU mapping

Prediko simplifies the inventory management process by providing auto SKU mapping. This feature can save businesses time and effort by automating the process of assigning SKUs to products.

This feature is not available in Inventory Planner.

9. Reporting Filters

Prediko offers over 50 filters for customization in reports, providing businesses with a high degree of flexibility in data analysis - Category, Collection, Health, Product, Store, Supplier, Warehouse and more.

Inventory Planner offers fewer reporting filters as compared to Prediko.

Quick overview of why Prediko is the best Inventory Planner Alternative

Feature Prediko Inventory Planner
AI Insights AI driven insights about your most important inventory decisions No Insights page
Forecasting Algorithms trained on 25 million+ SKUs across 15+ industries on modern D2C brands. Good forecasting capabilities
Bottom-up and Top-down Edit Plan capabilities Yes No
Dynamic Buying Table with restocking recommendations Yes No
Raw Material Needs Yes Yes
Forecasted Inventory Cash Spend Yes No
Insights Yes No
Reporting: Customer and Stockout data (Smart Info) Yes No
WMS Integration for Orders Yes Yes
Sync Inventory to Shopify Yes Yes
Auto SKU mapping Yes No
Onboarding time <2 weeks 2 weeks +
UI / UX Modern Functional
Dynamic Inventory health Bar Yes Not sure
Reports 50+ filters for customization 30+ filters for customization

Interactive Demo of Prediko

Rest of the Inventory Planner Alternatives

If you still want to evaluate rest of the Inventory Planner Alternatives

1. Cogsy

Features:

  • Supports demand planning and forecasting.
  • Offers restock recommendations.
  • Integrates seamlessly with Shopify for purchase order tracking.

Pros:

  • Automates order placement and inventory management.
  • User-friendly dashboard that centralises stock and purchase data.

Cons:

  • May be complex for small businesses.

Pricing:

  • Starts at $49 per month.

2. Katana

Features:

  • Specialises in inventory management and master planning.
  • Supports contract manufacturing and production automation.

Pros:

  • Ideal for manufacturers and businesses with warehouse operations.
  • Helps automate product allocation for streamlined order fulfilment.

Cons:

  • Complexity may be excessive for simple retail operations.

Pricing:

  • Starts at $99 per month.

3. RELEX Solutions

Features:

  • Machine learning for demand forecasting.
  • Integrates retail operations, merchandising, and supply chain collaboration.

Pros:

  • Automates inventory forecasts considering multiple demand drivers.
  • Suitable for large consumer brands with complex needs.


Cons:

  • Pricing may be prohibitive for smaller businesses.

Pricing:

  • Contact for a quote.

4. GMDH Streamline

Features:

  • Offers demand forecasting, inventory, and replenishment planning.
  • Includes transparency across the supply chain for better planning.

Pros:

  • Ideal for businesses with a limited budget.
  • Allows for just-in-time purchase planning.

Cons:

  • Advanced features can be costly.
  • Projections might be less accurate without integration.

Pricing:

  • Basic plan for free; contact for a quote for more advanced features.

5. Luminate

Features:

  • Provides real-time insights into demand patterns and behaviors.
  • Features category management and predictive scenario planning.

Pros:

  • Enhances replenishment decisions with demand and supply maps.
  • Helps in optimizing inventory and maximizing cash flow.

Cons:

  • May be too complex for smaller retailers.
  • Unclear initial costs due to custom pricing.

Pricing:

  • Contact for a quote.

6. Kinaxis

Features:

  • Uses AI and machine learning for supply chain planning.
  • Connects data from multiple ERP systems for integrated planning.

Pros:

  • Automates routine tasks, enhancing efficiency.
  • Allows for personalised workflows and alerts.

Cons:

  • Not suitable for small businesses due to high cost and complexity.
  • Learning curve involved in mastering the software.

Pricing:

  • Contact for a quote.

7. Logility

Features:

  • Focuses on inventory analytics and automated inventory adjustments.
  • Supports complex forecasting processes for midsize businesses.

Pros:

  • Increases inventory accuracy and provides extensive visibility.
  • Automates planning processes to reduce errors.

Cons:

  • Pricing can be high relative to features offered.
  • Customer support might not meet all user expectations.

Pricing:

  • Contact for a quote.

8. NetSuite

Features:

  • Offers comprehensive inventory tracking and automated management.
  • Integrates inventory with financial, HR, and service resources.

Pros:

  • Scalable solution ideal for growing businesses.
  • Provides real-time inventory data across multiple channels.

Cons:

  • High cost may deter smaller businesses.
  • Requires significant setup and training time.

Pricing:

  • Starts at $499 per month.

Comparison Table of Top Inventory Planner Alternatives

Software Key Features Advantages Disadvantages Pricing Information
Cogsy Demand forecasting, restock advice, Shopify integration Automates inventory and orders, user-friendly interface Potentially complex for smaller businesses Starts at $49/month
Katana Focus on inventory and master planning, supports production automation Great for manufacturing, automates product allocation Overly complex for basic retail Starts at $99/month
RELEX Solutions Applies machine learning to forecast demand, supports retail and supply chain Streamlines inventory forecasting, ideal for major brands Cost may be high for small businesses Quote required
GMDH Streamline Includes demand forecasting, inventory and planning, enhances supply chain transparency Suitable for budget-conscious businesses, supports timely planning Extra features are costly, integration needed for accuracy Basic free, advanced features quoted
Luminate Real-time demand insights, category management, predictive planning Improves inventory decisions, optimizes cash flow Complexity may deter smaller retailers, unclear initial costs Quote required
Kinaxis Utilizes AI for supply chain planning, integrates multiple ERP systems Enhances efficiency, customizable workflows High cost and complexity, not for small businesses Quote required
Logility Focuses on inventory analytics, supports complex forecasting Improves inventory accuracy, automated planning reduces errors High pricing, potential issues with customer support Quote required
NetSuite Comprehensive inventory and automated management, integrates various resources Scalable, real-time inventory data across channels High setup cost, significant training required Starts at $499/month
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