Assess your inventory planning, demand forecasting, and replenishment strategies.
📊
16
Demand Forecasting
📦
16
Stock Management
🔄
16
Replenishment
How to use
1Open your online store in another tab
2Go through each section and check items that apply
3Get your score and actionable insights
Open your store in another tab and check each item as you go.
Frequently Asked Questions
What is an inventory planning audit?+
It assesses your demand forecasting accuracy, reorder processes, safety stock levels, and replenishment strategies to minimize stockouts and overstock while optimizing working capital.
How much inventory should I keep in stock?+
Use the ABC analysis: A-items (top 20% by revenue) need tight monitoring and higher safety stock. B-items moderate levels. C-items (bottom 50%) minimal stock. Target 95%+ in-stock rate for A-items.
What causes stockouts and how do I prevent them?+
Common causes: inaccurate demand forecasts, supplier delays, and lack of safety stock. Prevention: implement automated reorder points, diversify suppliers, maintain buffer stock for top sellers, and use demand sensing tools.
How do I improve demand forecasting?+
Combine historical sales data with external signals: seasonality, marketing calendar, market trends, and economic indicators. Start with simple moving averages, then graduate to ML-based forecasting as data volume grows.