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SkuBrain

Name: SkuBrain
Rating: 4.5 (2 reviews)

By Halo Business Intelligence

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Highlights : About SkuBrain

Demand forecasting

Inventory optimization

Over 30 forecasting algorithms

Automatic best fit algorithm selection

Trend detection

Seasonal pattern identification

Hierarchical forecasting

CSV data import

Manual forecast adjustments

eCommerce integration

Real-time reporting

Actual performance vs forecasts

Real-time collaboration

Collaboration invites

Automatically-generated replenishment plans

Purchase order creation

Inventory planning

Data visualization

About SkuBrain

SkuBrain is a cloud-based demand forecasting and inventory optimization software which uses sales history data to predict future demand and generates recommendations based on current stock levels to allow users to plan their purchasing and manage promotions for any overstocked products. The system is designed for small and mid-size retailers, distributors, and suppliers. SkuBrain compares more than 30 forecasting algorithms in a tournament to identify the model which most accurately predicts sales trends for the historic sales data, and automatically selects the optimal algorithm to create each forecast. Seasonal patterns and individual product trends, such as year-on-year logarithmic sales increases, are automatically detected by the algorithms. Any data in CSV format can be imported and used to create forecasts, and eCommerce integrations with Shopify, Brightpearl, and Vend allow for automatic data sync and real-time reporting on forecasts vs actual performance. Users can also manually adjust forecasts by brand, region, or product to account for upcoming changes, such as promotions or product discontinuations. The replenishment plans which are automatically produced by SkuBrain can be used to generate purchase orders. Users can specify the lead times for each of their suppliers, and define multiple replenishment policies with custom service levels and overstock warning thresholds. SkuBrain can be accessed on any device, and users can collaborate in real time on demand forecasting and inventory planning, and share analysis reports with shareholders.

Specifications

Business Size

Small

Deployments

Cloud

Language Support

English

Platforms

Product Details

Benefits

More than 30 algorithms are run and compared in a tournament, and SkuBrain automatically selects the model which best predicts demand trends for the data, and uses this to create the baseline forecast.

Seasonal patterns and trends are automatically detected by the built-in algorithms, both for the business as a whole and for individual product lines.

Hierarchical forecasts can be generated, with SkuBrain ensuring that forecasts are automatically reconciled across all forecasting hierarchy levels.

Users can manually adjust the baseline forecasts created by SkuBrain to account for promotions, product discontinuations, and other unpredictable circumstances.

Analysis reports can be shared with stakeholders, and users can collaborate in real time on demand forecasts and inventory planning.