Managing an inventory based company tends to form two essential questions in a business owner’s mind. The questions of ‘when to reorder stock’ and ‘how much stock do I reorder’ can be influential to the success of a business.
Introducing Lokad, a web application designed to deliver demand forecasting and inventory optimization.
Lokad uses advanced demand forecasting technology for its statistical analysis. One feature in particular that Lokad uses to optimize its analysis is Lokad’s unique “quantile” forecasting application which is able to deal with intermittent demand patterns frequently observed in commerce.
Lokad then produces comprehensive Excel reports for you by default. If you require end-to-end automation of your reordering process, Lokad Salescast is also able to produce flat file exports.
And the best part is, while you reap the rewards of using highly advanced forecasting technology, statistical skills are not required to use Lokad!
Lokad works optimally when integrated with an existing inventory management system, thus perfectly suited for you on TradeGecko.
With Lokad integrated with TradeGecko inventory management platform, you have everything you need to power the entire backend of your business. Lokad is best suited for retailers, wholesalers and e-Commerce businesses.
For more details on TradeGecko’s integration with Lokad, read this.
To find out how to integrate your TradeGecko account with your Lokad account read our integration guide.