The inventory stock status report in QuickBooks is a good way to keep score on your inventory, and see what items you need to order.
But what if you want more than it provides?
Consider a closer look at the Inventory Planner software package to help with your QuickBooks inventory forecasting needs.
THE INVENTORY PLANNER APPROACH
Designed to help e-commerce businesses with their inventory management, Inventory Planner brings many helpful features to you, including:
- Automatic forecast and replenishment
- One click purchase orders
- Overstock analysis
- Tracking multiple sales channels in one central place
I really like the forecasting module, as it looks at both the sales history of an item as well as forecasted usage, as shown in the screen shot below:
The same applies to the overstock module, as Inventory Planner identifies slowly moving inventory and helps to take action on it. You will see if product is overstocked according to its current sales velocity. It can also analyze some common reasons why a product might not be selling well, for example the most popular sizes or colors are sold out.
CONNECTIVITY TO QUICKBOOKS ONLINE AND E-COMMERCE PLATFORMS
Currently, Inventory Planner connects to QuickBooks Online, as well as e-commerce platforms such as: Shopify, Amazon, WooCommerce and many others.
You can use Inventory Planner with the desktop versions of QuickBooks, but you'd have to use their CSV import tool in order to accomplish that. They currently do not offer a direct integration with QuickBooks desktop products (Pro, Premier or Enterprise).
FREE TRIAL AND PRICING
Inventory Planner provides a free 14 day trial of their software. At the conclusion of the trial, pricing starts at $99/month for tracking up to 1000 skus, and then scales from there based on the number of stores and number of skus being tracked.
I have found their support team to be exceptionally responsive and helpful as questions have popped up in working with their software.
If you've been looking for a tool to help you plan and manage your inventory more effectively, I encourage you to take a closer look at the Inventory Planner package.