Inventory Planner vs Cogsy and Best Alternative to both Prediko

By Youri Moskovic
Last Updated:
June 14, 2024
time

Here is a comparison between Inventory Planner and Cogsy and learn why Prediko is the best alternative to both these apps.

Inventory Planner and Cogsy are two of the most widely used tools in the Shopify D2C (Direct-to-Customer) brand ecosystem. 

Both tools cater to the specific needs of eCommerce businesses, aiding them in their inventory management, a crucial aspect of the eCommerce workflow.

Inventory Planner accurately predicts customer needs and signals when it's time to order, guaranteeing you always have the right items at the right moment.

It simplifies the creation of purchase orders and the balancing of stock levels across various locations. With its detailed reports and analytics, you gain critical insights into your inventory's performance, enabling you to make data-driven decisions and boost your profits.

By preventing stockouts, freeing up cash from underperforming products, and improving cash flow, it enhances your revenue.

Cogsy is a platform that is used to optimize purchase orders, make inventory management easier, prevent expensive stock shortages, and increase your profits, all without the need for spreadsheets.

Monitor your stock levels, keep track of inventory on the move, and gather crucial vendor information ‚Äď all neatly organised in one location.

2. Main features of Inventory Planner

Inventory Planner for Shopify brands offers features such as:

  • Accurate prediction of future sales trends for optimal stock level management
  • Automated creation of purchase orders based on demand forecasts
  • Multi-location optimization of inventory levels to minimize stockouts
  • Streamlined management of purchase orders through automated workflows, thereby reducing errors
  • Detailed reports providing actionable insights on inventory performance

3. Why is Prediko the best alternative to Inventory Planner

Prediko stands out as the best alternative to Inventory Planner for several reasons.

Prediko offers AI-driven insights about your most crucial inventory decisions, a feature lacking in Inventory Planner. Additionally, Prediko's forecasting abilities are based on an algorithm trained on over 25 million SKUs across 15+ industries on modern D2C brands, ensuring more accurate and industry relevant forecasts.

Prediko also excels in offering both bottom-up and top-down edit plan capabilities, dynamic buying table with restocking recommendations

Prediko vs Inventory Planner

Feature Prediko Inventory Planner
AI Insights Yes No
Forecasting Algorithm Yes (25 million+ SKUs) Good
Bottom-up and Top-down Edit Plan Yes No
Dynamic Buying Table Yes No
Raw Material Needs - Planning Yes Yes
Forecasted Inventory Cash Spend Yes No
Insights Yes No
Reporting Yes (50+ filters) Yes (30+ filters)
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

Here are the list of rest of the alternatives to Inventory Planner.

4. Main features of Cogsy

Here are the top features of Cogsy:

- Real-Time Inventory Management: Cogsy provides a consolidated platform to check stock levels, track inventory on transit, and store vendor information.

- Automated Restock Alerts: Cogsy eliminates the need for constant stock level monitoring by notifying when restocking is required.

- Swift Purchase Order Creation: Create accurate, ready-to-submit purchase orders in minutes with Cogsy's personalized restock recommendations.

- Optimal Inventory Level Maintenance: Cogsy helps maintain ideal inventory levels across all warehouse locations, potentially increasing revenue by up to 40%.

5. Why is Prediko the best alternative to Cogsy

When compared with Cogsy, Prediko outshines in multiple key areas.

Prediko stands out as a superior inventory management solution due to its extensive and unique features. 

It offers AI-driven insights which are pivotal for making crucial inventory decisions. Its forecasting capabilities are unmatched, with an algorithm trained on over 25 million SKUs from a variety of industries. 

Prediko's unique features also include both bottom-up and top-down edit plan capabilities. It has a dynamic buying table that provides restocking recommendations and it also gives attention to raw material needs planning.

Prediko vs Cogsy

Feature Prediko Cogsy
AI Insights Yes No
Forecasting Algorithm Yes (25 million+ SKUs) Limited
Bottom-up and Top-down Edit Plan Yes No
Dynamic Buying Table Yes No
Raw Material Needs - Planning Yes No
Forecasted Inventory Cash Spend Yes No
Insights Yes No
Reporting Yes (Customer and Stockout data) No
WMS Integration for Orders Yes Yes
Sync Inventory to Shopify Yes Yes
Auto SKU Mapping Yes No
Onboarding Time >2 weeks ?
UI / UX Modern Functional

6. Comparing Prediko, Cogsy and Inventory Planner

While both Inventory Planner and Cogsy offer their own strengths, Prediko ultimately presents a more comprehensive solution for Shopify D2C brands.

Prediko's features, such as AI-driven insights, advanced forecasting, and extensive customization, make it a strong contender against both Inventory Planner and Cogsy.

Prediko's focus on leveraging AI for insights and making data-driven decisions equips it to aid Shopify D2C brands in optimising their inventory management, reducing costs, and enhancing efficiency.

Ready to manage your inventory
without ripping your hair out ?