In today’s world Amazon is the best start point for small businesses to start their online store. However there is a tough competition on Amazon marketplace also and if you want to stand out your business staying one step ahead of the competition is necessary.
Now you must be wondering how this can be achieved and this is where amazon forecasting comes into play. Luckily we have many forecasting tools out there which can anticipate demand fluctuations and maximize your profit.
In today’s article we have brought you the top 10 amazon forecasting softwares which can do a lot more than just forecasting the sale. So let’s look at them without any further delay.
Things to keep in mind while selecting an amazon forecasting software
Look for software with a proven track record of accurate predictions. A reliable forecasting tool should provide precise estimates of demand, helping you avoid overstocking or understocking issues.
Ensure that the forecasting software seamlessly integrates with your existing Amazon seller tools and software, such as inventory management systems and analytics platforms. Compatibility is essential for a smooth workflow.
Balance the features and capabilities of the software with your budget. Some solutions may offer advanced features that you don’t need, so choose one that aligns with your specific requirements without unnecessary costs
Assess the software’s data sources and analytics capabilities. The ability to gather data from multiple channels and perform in-depth analysis can lead to more insightful forecasts and better decision-making.
10 Top Amazon Forecasting Software
1. Pacvue
Look for software with a proven track record of accurate predictions. A reliable forecasting tool should provide precise estimates of demand, helping you avoid overstocking or understocking issues.
Ensure that the forecasting software seamlessly integrates with your existing Amazon seller tools and software, such as inventory management systems and analytics platforms. Compatibility is essential for a smooth workflow.
Balance the features and capabilities of the software with your budget. Some solutions may offer advanced features that you don’t need, so choose one that aligns with your specific requirements without unnecessary costs
Assess the software’s data sources and analytics capabilities. The ability to gather data from multiple channels and perform in-depth analysis can lead to more insightful forecasts and better decision-making.
Pricing: Available on request
2. SoStocked
By preventing over-ordering, under-ordering, late ordering, and transferring, tracking orders and payments, managing spreadsheets and bundles, reporting on purchase orders, managing multiple marketplaces, and avoiding costly warehouse recounts, this tool can assist you in managing and forecasting your inventory in ten key areas.
Using SoStocked will provide you more control over inventory management and lessen the possibility of expensive mistakes.
Pricing: Available on request
3. Jungle Scout
A complete eCommerce management application for launching and growing your Amazon business is called Jungle Scout. It provides a wide range of services for researching products, analyzing sales, looking for prospects, listing optimization, and other tasks.
Use the free Amazon Sales Estimator provided by Jungle Scout to forecast your Amazon sales. The programme analyzes the typical monthly sales for particular Amazon categories to assist you in creating and launching profitable product concepts.
Pricing:
| Baisc | Suite | Professional |
|---|---|---|
| $29/month | $49/month | $84/month |
4. ReStocks Pro
RestockPro is a tool created specifically for Amazon FBA merchants that creates reorder alerts and restock suggestions. Additionally, it keeps track of a number of inventory-related processes, such as purchase orders, FBA incoming shipments, and Amazon’s receiving process.
RestockPro can assist you in determining the most profitable products to replenish by analyzing data. Additionally, it produces reports that you can get regularly via email. You can enter supplier lead times, cost specifics, minimum order quantities, and other crucial data into the software to help you increase earnings and prevent stockouts.
Pricing: Custom pricing available on request
5. AMZScout
A comprehensive toolkit for all different kinds of Amazon sellers is AMZScout. It focuses on quick-start solutions, fee and sales estimators, product research, keywords, and product listings.
Similar to Jungle Scout, AMZScout provides a free Amazon sales estimator that is accessible and usable. Visit the AMZScout website, choose “Tools,” and then choose “Sales Estimator” from the dropdown menu. Three steps can be used to estimate sales: Choose the product category, enter your nation, and the sales rank.
Pricing:
| Pro Extension | Seller Bundle |
|---|---|
| $259/yr | $379/yr |
6. PrettyMerch
The tool’s trend finding feature, which is a part of PrettyMerch’s Research suite, can forecast sales. It monitors trends and spots emerging ones before they become popular.
By using their BSR and sales statistics, Merch on Demand products can be browsed, or you can look them up using their names, brands, descriptions, or ASINs.
You can predict their success in the future by tracking trends by filtering your search results based on BSR changes. PrettyMerch is really quick and simple to set up because it is a Chrome plugin.
Look for PrettyMerch in the Chrome Web Store, install it, log in, and use it right away.
Pricing:
| Research Suite | Bundle |
|---|---|
| $165/yr | $249/yr |
7. Amazon Forecast
Amazon Forecast generates a time-series sales forecasting using machine learning (ML).
In order to determine sales, online traffic, inventory, cash flow, and other parameters, it first performs an analysis of historical data, fusing it with relevant information like holidays, product descriptions, and promotions.
When the data are uploaded, Amazon Forecast automatically inspects them, highlights important characteristics, and chooses the proper forecasting algorithms.
AWS Forecast can also be used to anticipate demand and inventory requirements, reducing waste, boosting turnovers, and enhancing stock availability.
Pricing: Available on request
8. Unicorn Smasher
AMZ Tracker, another well-liked Amazon tool, created the Unicorn Smasher software for Amazon research. This software delivers precise and current sales information for every Amazon product, including sales projections.
By doing away with spreadsheets and consolidating all your Amazon seller data in one location, Unicorn Smasher also streamlines chores. Install the Chrome browser extension, then log in.
Go to Amazon, run a search for any product, and then open the extension to learn more about the product’s sales performance, BSR, expected revenue, and other pertinent data to determine how much money you can expect to make in your specialized market.
Pricing:
| Baisc | Professional | Suite |
|---|---|---|
| $49/month | $99/month | $159/month |
9. Cogsy
It has Forecast Modelling, which uses past sales data and projected marketing strategies to forecast sales and guarantee precise ordering. The inventory planning tool allows you to enter your marketing strategies.
The date range and the quantity of units you intend to sell, for instance, can be added to the following Lightning Deal to help Cogsy estimate the total amount of inventory you will require based on the sales forecast.
Pricing:
| Growth | Scale |
|---|---|
| $49/month | $199/month |
10. Streamline
With the help of Streamline, you can manage, analyze, and modify forecasts in light of new information that your management team or outside suppliers and partners may have access to.
The software also takes into account the possibility of different daily sales figures for identical products on Amazon.
Therefore, by calculating a product’s niche score, which determines how profitable a given niche is, PRO Extension may also assist you in determining the niches you should select or avoid.
Pricing: Free
Conclusion
In conclusion, this article’s top 10 picks for Amazon forecasting software include a wide range of features and functionalities to support businesses in making wise decisions, managing their inventory, and improving their overall performance on the Amazon platform.
These business tools offer insightful analyses and forecasts that can greatly improve your Amazon selling strategy thanks to cutting-edge machine learning algorithms and simple user interfaces.
FAQ
How accurate are the forecasts generated by these software solutions?
The accuracy of Amazon forecasting software can vary depending on the quality of the data and the sophistication of the algorithms used.
It’s essential to choose a reputable software provider with a track record of providing accurate predictions, and keep in mind that regular data updates can enhance accuracy.
Do I need technical expertise to use Amazon forecasting software?
Many Amazon forecasting software solutions are designed to be user-friendly, with intuitive interfaces that don’t require extensive technical knowledge.
However, some advanced features may benefit from a basic understanding of data analysis and forecasting concepts.
Can these software solutions integrate with other e-commerce platforms besides Amazon?
Some forecasting software can integrate with multiple e-commerce platforms and data sources, while others are designed specifically for Amazon.
It’s crucial to check the integration capabilities of the software you choose if you sell on multiple platforms.
How often should I update my forecasts using the software?
The frequency of forecast updates can vary depending on your business needs and the volatility of your market. Many sellers update their forecasts weekly or monthly, while others do it more frequently during peak seasons or when significant market changes occur.
