Anticipate market demand, Avoid expensive overstocking & overselling
In eCommerce, if you don’t have a good grasp on your inventory and the shopping habits of your target audience, it’s easy to fall into situations where you either can’t supply demand, or you’ve overestimated and overstocked. MartSpy platform comes with several tools that can help
Consult the following reports when doing ABC analysis and product categorization. The insight will give an edge on successful inventory management.
Understand how demand fluctuates for your product category over time. You can achieve this by looking at the Google Trends chart in your dashboard to look at how search demand and interest have changed over the past 12 months or even the past several years.
Get a sneak peek at your competitors stock of the same product in the ‘competitor stock chart’
Review the laters review report and its trend for the product in the report. It will give you an idea how you should manage the inventory for this product
Social sentiment report:
Understand the social feedback on the product or the brand product using this report.
Optimizing your inventory management by AI-assisted demand forecast. Our AI model application forecasts future demand based on past sales, including seasonal demand. It also takes into consideration of recent product reviews and Social sentiments.
AI predicted price trend
Try out this amazing tool for free !