SoStocked

SoStocked Use Cases

Use SoStocked to take control of these top 10 Amazon inventory management & forecasting pains: over-ordering, under-ordering, ordering late, transferring late, tracking orders/payment, juggling spreadsheets, managing bundles, following up on POs, multiple marketplaces, and avoiding costly warehouse recounts.

Apart from verifying whether a stockout has occurred, you can also use SoStocked to look at stockout patterns and identify when your sales are significantly lower than the average. So if your sales are 70% less than the daily average for any one day, that day is going to be flagged as a potential stockout. This helps to catch things such as suspensions; for example, you have inventory in stock at Amazon, but you stopped making sales because your listing was shut down. You can choose to include or exclude each flagged day based on what is most valid and helpful to your business.

Similarly, you can locate sales spikes (the times when you sold higher than the average) and decide whether to include or exclude them from your forecasting data.

With the ability to cherry-pick the information you want to exclude from your forecasting, you can easily use your last year's sales data with SoStocked and exclude the periods where you stocked out, so you don’t repeat the same mistakes twice.

When you exclude a stockout period, SoStocked replaces it with an average of what you should have sold if you had not stocked out.

You can even use SoStocked for forecasting new launches by overriding with a manual velocity option.

Buffer stock, or safety stock, is like a false zero alert that acts as a trigger to tell you to order before you hit a stockout. For example, if your buffer stock is 250 units, you'll be alerted to order so that your inventory arrives before you hit 250 units, NOT before you hit zero.

Set your buffer stocks based on the number of days or number of units. The number of days is preferred, however, as it's going to fluctuate based on your inventory needs for that time period.

Min/Max Restocking sets a range for your high and low stock settings which makes it extremely easy to know how much to order and by when. It is an inventory optimization technique used in some of the most streamlined warehouses and is great for VAs.

Just set the minimum and maximum days or units of stock for FBA and your warehouse, and SoStocked will always help you stay within that range.