Monocleapp

The product is inventory forecasting software that predicts demand, corrects sales history for stockout periods, and generates purchase orders to reduce stockouts, excess stock, and markdowns. It is for operations teams and owners at ecommerce merchants running on Shopify, including small to mid-size businesses managing multiple SKUs and suppliers. It is delivered as a SaaS application installed via the Shopify App Store that uses AI to analyze trends, unify operational data, and automate reordering workflows.

Key features

• Demand forecasting with stockout correction
• Automated purchase order suggestions
• AI-driven market basket analysis
• Product association insights
• Real-time material counts
• Material shortage alerts
• Automated inventory adjustments per SKU
• Purchasing trend analysis
• Predictive analytics for demand planning