Forecasting to Meet Tomorrow's Demand

Accurate inventory statuses are helpful but manually creating purchase orders and deciphering trends to set the right inventory quantity takes valuable time and resources that growing businesses can’t afford. Extensiv’s purchase orders are automatically triggered as inventory supply levels hit certain limits and quantities are populated based on historical data and real-time insights on your business. Simply review the purchase order and approve to initiate replenishment. Upon placing orders, our application allows you to create milestones for tracking purposes and partially receive an order so you can utilize what’s available without impacting inventory accuracy.

Track and manage your partnerships with manufacturing vendors using our software to assign purchase order settings, track shipments, and evaluate performance. Sourcing products from multiple vendors offers flexibility as you aim to maintain healthy supply levels, but limits your ability to stay organized. Extensiv makes it easy to add and manager vendors with individual shipment tracking and custom milestones. Notice a vendor slipping up? Access historical data to evaluate performance and take action to forge new partnerships that will enable your business to meet customer expectations.

Leveraging historical trends and order data enables Extensiv’s powerful demand forecasting insights. By processing data from your operation, our application can recommend purchase orders at the right time by calculating lead times with reorder buffers while estimating forecasted growth and days in stock. Other insights can be found in reports and dashboards that offer different insights such as recommendations to discount products to cut storage costs or bundle products to increase profitability.