Managing inventory is one of the toughest parts of running an e-commerce store. Whether you're dealing with stockouts, overstocking, or juggling multiple sales channels, the right inventory analytics tool can make all the difference. This article explores 8 tools designed to help Shopify merchants improve forecasting, automate tasks, and keep inventory levels optimized:

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• Forstock: AI-driven demand forecasting and automation for $39/month.
• Inventory Reports by Mipler: Customizable inventory reporting with multi-location support.
• AI Inventory Management Report: Centralized view of inventory using AI.
• Bee Low Stock Alert and Forecast: Predictive alerts and restocking tools, starting at $0.
• Report Toaster: Over 120 prebuilt reports focusing on sales and inventory.
• EasyEcom Inventory Management: Omnichannel inventory tracking with forecasting.
• Realtime Stock Sync and Bundling: Real-time updates for bundled and individual products.
• Shopify Analytics: Built-in reporting included with Shopify plans.

These tools vary in features like automation, reporting depth, and pricing, catering to businesses of all sizes. Below is a quick comparison to help you choose the best fit for your store.

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Quick Comparison

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Each tool has its strengths. For accurate forecasting and automation, Forstock is a standout. For detailed reporting, Mipler or Report Toaster are excellent choices. If you're managing bundles, Realtime Stock Sync and Bundling is essential. Evaluate your store's needs and budget to find the right fit.

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The Best Tools for Managing Your Shopify Store Inventory

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1. Forstock

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Forstock is a Shopify-native inventory planning app designed to streamline how e-commerce brands handle demand forecasting and inventory replenishment. Tailored specifically for Shopify and Shopify Plus merchants, this tool replaces the chaos of spreadsheets with automation, offering precise purchase orders and reliable demand predictions.

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Data Coverage

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Forstock connects directly with your Shopify store, gathering detailed data across order history, products, variants, locations, and vendor details. It’s built to handle complex product setups like bundles and kits, making it a great fit for businesses with diverse product catalogs. The platform typically backfills 12-24 months of historical sales data, providing a solid foundation for its forecasting models. It also captures essential SKU-level details, such as on-hand quantities, available stock, inbound inventory, allocated units, and backorder statuses.

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The app integrates seamlessly with vendor-specific data, including lead times, minimum order quantities (MOQs), and case pack requirements. All data exports adhere to U.S. formatting standards, ensuring consistency and ease of use.

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Forecasting Accuracy

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Forstock uses time-series forecasting models that factor in historical sales trends, seasonality, and vendor lead times to predict demand. It adjusts for promotional periods and stockouts, helping merchants prepare for events like Black Friday and Cyber Monday without overstocking.

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For Shopify catalogs, forecast accuracy typically falls within 10-20% MAPE (Mean Absolute Percentage Error) for stable, fast-moving SKUs. Accuracy can vary depending on demand patterns - consistent sellers are easier to predict, while intermittent or long-tail items show more variance. The platform supports both weekly and daily forecasting, with hierarchical forecasting by SKU, variant, and warehouse location. These detailed predictions enhance Forstock’s reporting and decision-making tools.

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Reporting Features

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Forstock provides a range of inventory metrics through both standard and customizable reports. Key metrics include inventory turnover rates, days of supply, stockout percentages, fill rates, and aged inventory analysis. Actionable insights like reorder recommendations by warehouse and supplier, excess inventory heatmaps, and demand exception reports for top-performing SKUs are also available.

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Reports can be exported in CSV or Excel formats and scheduled for email delivery. They follow U.S. formatting standards and include audit-ready documentation, tracking forecast accuracy against actual performance - critical for financial planning and supplier negotiations.

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Automation Capabilities

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Forstock’s automation tools significantly ease the burden of manual tasks. It offers intelligent reorder workflows and automated purchase order creation, factoring in vendor-specific MOQs, case pack requirements, lead times, and safety stock levels.

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The platform supports multi-warehouse replenishment, recommending transfers between locations as needed. It also breaks down bundled products into individual components for precise demand planning. Automated alerts notify merchants of low-stock situations, while scheduled purchase orders ensure timely restocking based on supply thresholds and vendor lead times.

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Pricing Model

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Forstock keeps things simple with a flat-rate pricing model of $39 per month. This straightforward approach avoids the complications of usage-based pricing often seen in inventory management tools.

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The subscription includes access to dashboard analytics, inventory intelligence tables, reorder suggestions, purchase order creation and tracking, and supplier management features. New users can take advantage of a 14-day free trial with live chat support, allowing them to explore the platform’s features using their own Shopify data before committing to a subscription.

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2. Inventory Reports by Mipler

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Inventory Reports by Mipler is a Shopify app designed to provide e-commerce merchants with detailed inventory analytics. It helps Shopify store owners turn raw inventory data into useful insights through customizable dashboards and automated reports.

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Data Coverage

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Similar to Forstock, Mipler directly integrates with Shopify, simplifying data collection. The app gathers a wide range of inventory data, including product details, stock levels across multiple locations, and historical inventory movement. It tracks real-time information such as available stock, reserved quantities, incoming inventory, and product performance metrics over various timeframes.

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With support for multi-location inventory tracking, Mipler is ideal for businesses managing warehouses in different states or relying on third-party fulfillment centers. It processes data from key Shopify inventory fields, such as SKU numbers, vendor details, product categories, and cost information. All reports are formatted to align with U.S. business standards.

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Reporting Features

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Mipler delivers detailed reports on essential inventory metrics like stock turnover rates, aging inventory, and low-stock alerts. It also provides insights into inventory valuation, product performance trends, and seasonal variations. The app includes ABC analysis, helping merchants identify their most valuable products. Additionally, it offers breakdowns of inventory costs, profit margins per product, and stock movement speeds.

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Users can create custom report templates tailored to specific date ranges, product filters, or location-based criteria. Scheduled report delivery via email ensures merchants receive regular updates, and reports can be exported in formats like CSV or Excel, adhering to U.S. formatting standards.

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Automation Capabilities

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Mipler enhances efficiency with automated reporting features. Merchants can set up schedules and triggers for report generation and delivery. For example, the app can send low-stock alerts when inventory levels dip below a set threshold, helping businesses avoid stockouts during busy periods. It also automates inventory valuation reports, calculating the total worth of stock based on current quantities and costs. Additionally, the app flags slow-moving inventory, enabling timely pricing or promotional adjustments.

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Pricing Model

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Mipler operates on a subscription-based pricing model with tiered plans. Basic plans focus on essential reporting, while higher tiers include advanced analytics, more report options, and priority customer support. A free trial is available, allowing merchants to explore the app's features and test its capabilities with their Shopify data before subscribing.

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3. AI Inventory Management Report

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AI Inventory Management Report tools rely on artificial intelligence to bring together essential inventory data for e-commerce businesses. These systems pull information from different parts of the operation, offering merchants a single, comprehensive view of their inventory. This streamlined approach allows for accurate tracking of inventory metrics across all sales channels.

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Data Coverage

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These AI-driven systems gather data from sales platforms, warehouses, and fulfillment centers. They use U.S. standards, such as the MM/DD/YYYY date format and the dollar symbol ($) for currency. This ensures seamless tracking of stock levels and other important inventory metrics, keeping operations running smoothly.

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4. Bee Low Stock Alert and Forecast

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Bee Low Stock Alert and Forecast is a Shopify app that simplifies inventory management by using predictive analytics to alert merchants when stock levels hit critical points. It also calculates the ideal reorder quantities based on sales trends, combining real-time monitoring with proactive restocking strategies - a feature increasingly common in top-tier inventory tools.

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Data Coverage

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This app integrates directly with Shopify, pulling inventory data from multiple locations and sales channels. It tracks up to 100,000 SKUs, covering everything from individual product variants to collections organized by vendor or location. The system is designed for U.S. data standards, ensuring seamless compatibility.

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Merchants can filter inventory data by location, collection, vendor, or SKU. Additionally, the app works with Shopify Purchase Orders, streamlining the restocking process by connecting directly to existing procurement workflows.

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Forecasting Accuracy

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The app’s forecasting feature uses dynamic sales analysis to predict inventory needs. Instead of static reorder points, it calculates thresholds based on sales velocity and updates daily to ensure precision. This approach introduces "stock cover days", which estimate how many days of inventory remain based on current sales trends. By analyzing historical sales patterns, the app helps merchants prevent stockouts and optimize their restocking schedules.

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Automation Capabilities

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Automation is at the core of this platform. Merchants receive email or Slack alerts when inventory levels dip below set thresholds, ensuring timely restocking. Alerts can be instant for urgent action or scheduled as daily, weekly, or monthly reports.

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The app also supports bulk uploads of threshold settings via Excel, making it easier to manage large product catalogs. Merchants can enable automatic reorder calculations with "order up to" settings, streamlining both immediate and planned restocking efforts.

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A merchant from Designed For Joy shared their experience:

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"This app produced a handy weekly list of items that were low in stock. This weekly report also took into account what wholesale orders we had outstanding. It was vital in prioritizing our production efficiently." ^[2]

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Reporting Features

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Bee Low Stock Alert and Forecast provides real-time dashboards and exportable reports, offering actionable insights at a glance. Reports include sales history analysis and forecasting data that account for outstanding wholesale orders. Merchants can export these reports to Excel for further analysis or to share with their teams or suppliers.

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Pricing Model

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The app offers four pricing tiers tailored to different business needs:

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With a 4.9 out of 5-star rating from 125 reviews on the Shopify App Store ^[1], the app is praised for its customizable alerts and responsive support. A merchant from The Deli in South Africa highlighted its ease of use:

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"Love this app. It made ordering in new stock a breeze, something I can do every morning before my day starts." ^[2]

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5. Report Toaster

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Report Toaster is an analytics tool built specifically for Shopify, designed to fill in the gaps left by Shopify's built-in reporting features. It focuses on delivering detailed inventory and sales insights, catering to businesses of all sizes. With over 120 ready-made reports, it transforms Shopify's raw data into insights that can help businesses make smarter inventory decisions.

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By connecting directly to Shopify stores, Report Toaster pulls key data like order history, inventory levels, product performance, and customer behavior. The Advanced plan even supports multi-store reporting from a single dashboard, making it easier to manage inventory across different locations.

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The platform tracks essential e-commerce metrics, including sales trends, inventory turnover, product profitability, and customer lifetime value. While the Basic plan provides access to 90 days of order history, paid plans unlock unlimited historical data, which is great for analyzing long-term trends and planning for seasonal demands.

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Reporting Features

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Report Toaster stands out with its extensive library of over 120 prebuilt reports that cover everything from inventory and sales to customer and financial metrics. The platform simplifies inventory tracking with detailed history reports and dynamic links that let users share real-time insights effortlessly.

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For deeper analysis, users can export data in CSV format, while scheduled reports ensure that key stakeholders stay updated without manual effort.

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Automation Capabilities

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Automation is a core strength of Report Toaster. Users can schedule reports to be automatically generated and delivered daily, weekly, or monthly. This feature ensures that inventory managers and decision-makers always have the latest performance data at their fingertips. Additionally, dynamic links allow users to share URLs that automatically update with real-time data, further streamlining workflows.

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Pricing Model

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Report Toaster offers flexible pricing options to suit businesses at different growth stages:

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This pricing structure - from a free Basic plan to a robust Plus plan - ensures that businesses can scale their analytics as they grow, making it a versatile tool for Shopify merchants of all sizes ^[3][4].

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Optimize Your Inventory Management

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Join hundreds of Shopify brands using Forstock to prevent stockouts, reduce overstock, and streamline inventory operations with real-time analytics and AI-driven demand forecasting.

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Get Started

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6. EasyEcom Inventory Management

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EasyEcom is an inventory management platform tailored for e-commerce businesses that operate across multiple channels. It connects seamlessly with various online marketplaces and e-commerce platforms, offering real-time inventory tracking paired with analytics to help businesses fine-tune their stock management.

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What sets EasyEcom apart is its focus on omnichannel inventory management. It enables businesses to actively manage inventory across all integrated channels while delivering insights into performance trends and demand patterns. Whether you're running a small online store or managing a large enterprise with multiple locations, EasyEcom is built to handle the complexity. Its analytics tools include features like demand forecasting, supplier performance tracking, and automated reorder recommendations. Let’s break down its key features:

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Data Coverage

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EasyEcom keeps a close watch on inventory levels, product performance, and supplier reliability across all connected channels. It tracks stock across sales platforms, warehouses, and fulfillment centers, giving businesses a clear view of their inventory landscape. The platform also provides insights into customer demand trends and integrates with accounting tools to streamline cost management. This comprehensive monitoring helps businesses stay informed and make data-driven decisions.

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Forecasting Accuracy

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Using machine learning, EasyEcom analyzes historical sales data and seasonal patterns to predict future demand. Its forecasting becomes sharper over time as it adapts to actual sales trends. The platform also supports scenario planning, allowing businesses to test different demand conditions and adjust their inventory strategies accordingly. This level of precision helps businesses stay ahead with proactive inventory planning.

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Reporting Features

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EasyEcom offers a range of customizable reports that focus on inventory performance and operational metrics. Users can tailor these reports to highlight specific products, categories, or time periods. The platform’s intuitive dashboard provides real-time insights into key performance indicators like inventory turnover and order fulfillment rates. Automated alerts notify users about critical inventory issues, while profitability and cost analysis tools help businesses identify their most profitable inventory investments.

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Automation Capabilities

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To cut down on manual work, EasyEcom automates a variety of routine tasks. For instance, it can create purchase orders based on predefined reorder points and synchronize stock levels across all sales channels. Other automated workflows, like cycle counting and quality control, help reduce errors and keep operations running smoothly and consistently.

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Pricing Model

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EasyEcom uses a tiered pricing structure that adapts to the needs of different businesses. For detailed pricing information, you’ll need to contact EasyEcom directly.

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7. Realtime Stock Sync and Bundling

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Realtime Stock Sync and Bundling is a Shopify app designed to simplify inventory management and product bundling for e-commerce businesses. It’s particularly helpful for stores dealing with related products or more complex inventory setups.

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One of the biggest challenges for online retailers is ensuring accurate inventory levels - especially when products are sold individually and as part of bundles. This app solves that issue by automatically adjusting inventory for each item in a bundle whenever a bundle is purchased. This prevents overselling and keeps stock levels accurate at all times.

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What sets this app apart is its real-time synchronization. Instead of updating inventory in batches or at scheduled intervals, it processes changes instantly as orders come in. This kind of immediacy is invaluable during busy shopping events like Black Friday or flash sales. On top of instant updates, the app offers detailed tracking for both individual products and bundled items.

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Data Tracking and Insights

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The app monitors inventory levels across all products and their bundle relationships. It keeps tabs on individual stock quantities while calculating the availability of bundles based on their components. By recording which items make up each bundle, it ensures accurate tracking of both standalone and bundled inventory.

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But it doesn’t stop at basic stock management. The app also gathers data on bundle performance and the demand for individual components. This insight helps businesses identify which bundles sell best and which items drive those sales. Additionally, it tracks inventory changes caused by bundle purchases, giving businesses a clear view of how bundling strategies impact overall stock. These features lay the groundwork for advanced automation.

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Automation Features

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The app takes care of the heavy lifting when it comes to inventory updates. When a bundle is sold, it automatically adjusts the stock levels of each component, even accounting for external updates, so there’s no need for manual corrections.

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It also recalculates stock availability for bundles based on component levels. For example, if one product in a bundle is running low, the app will automatically limit the number of bundles available for purchase. This prevents customers from placing orders that can’t be fulfilled, reducing potential issues with order fulfillment and customer support. By automating these processes, the app helps Shopify stores streamline their inventory management and improve overall efficiency.

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Subscription Pricing

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Realtime Stock Sync and Bundling follows a subscription-based pricing model. Costs are tiered depending on the number of products and bundles a business needs to manage, making it scalable for stores of different sizes.

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8. Shopify Analytics

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Shopify Analytics is a built-in reporting tool included with every Shopify store, offering essential inventory insights without requiring any additional subscriptions. It provides a clear view of your store's performance, covering inventory, sales, and customer behavior. What sets Shopify Analytics apart is its seamless integration with your store’s existing data - no setup is needed, and all your historical data is instantly available.

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The platform is designed to adapt as your business grows. Basic reports are included with all plans, while more advanced analytics unlock as you move to higher-tier Shopify plans. This ensures that both new businesses and established retailers have access to the tools they need.

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Data Coverage

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Shopify Analytics keeps track of inventory levels, sales trends, and slow-moving products. It records every sale, return, and adjustment in real time, providing detailed insights into inventory by location and product variant performance. Beyond simple stock counts, it also includes metrics like inventory value, cost of goods sold (COGS), and gross margins.

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One standout feature is the ability to view inventory data alongside sales trends. This allows you to understand how inventory levels align with marketing campaigns, seasonal spikes, or promotional events. The platform also calculates inventory turnover rates, helping you identify how quickly products sell. This rich data feeds directly into the reports generated by Shopify Analytics, making it a valuable tool for decision-making.

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Reporting Features

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Shopify Analytics offers a mix of standard and customizable reporting options. Standard reports include inventory snapshots, low stock alerts, and product performance summaries, all of which update automatically.

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For businesses on higher-tier plans, there’s the option to create custom reports. Available with Shopify Plus, these reports let you tailor inventory views to your specific needs. You can filter by product collections, vendors, product types, or inventory locations. Automated reports can also be scheduled and sent via email to key team members, ensuring everyone stays informed.

To make data easier to interpret, Shopify Analytics includes visual tools like bar charts, line graphs, and pie charts. These visuals help you quickly identify trends and patterns. Additionally, reports can be exported as CSV files, allowing for deeper analysis in spreadsheet programs.

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Pricing Model

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Shopify Analytics is included with your Shopify subscription, meaning there are no extra fees for basic inventory analytics. The Basic Shopify plan, priced at $39 per month, includes essential inventory reports and real-time stock tracking.

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As you upgrade, more advanced features become available. The Shopify plan at $105 per month offers professional reports and enhanced filtering options, while Shopify Advanced, at $399 per month, adds custom report building and advanced analytics tools. For businesses needing the most comprehensive suite, Shopify Plus starts at around $2,000 per month and includes unlimited custom reports and advanced data export capabilities.

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Pros and Cons of Each Tool

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When it comes to improving inventory management, choosing the right analytics tool can make a huge difference. Each tool offers its own set of benefits and drawbacks, so the best choice will depend on your specific business needs. Below is a comparison table that highlights the verified details for Forstock and mentions other tools, though detailed pros and cons for the alternatives have not been independently confirmed.

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The table provides a snapshot of the current landscape, but let’s break it down further. Forstock stands out with its flat-rate pricing and AI-powered features, making it a strong choice for Shopify-based businesses. Its ability to automate tasks like purchase orders and supplier management can save time and streamline workflows.

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When choosing an inventory analytics tool, focus on factors like cost, functionality, and integration with your existing systems. Forstock is a great starting point for Shopify users, especially those looking for cost-effective and feature-rich solutions. As your business grows, you can reassess and upgrade to ensure your tools continue to meet your evolving needs. Align the tool’s capabilities with your operations to keep inventory management on track.

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Which Tool Should You Choose

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After diving into the analysis above, it’s clear why Forstock stands out as the go-to solution for Shopify merchants.

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Forstock is tailored for growing e-commerce brands, offering tools like real-time demand forecasting, automated purchase order creation, and supplier management. These features work together to eliminate guesswork and streamline operations. Its AI-driven forecasting models adjust to sales trends, seasonal changes, and lead times, helping businesses make smarter purchasing decisions while keeping costs predictable.

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What sets Forstock apart is its seamless integration with Shopify, which provides a unified dashboard for managing inventory and suppliers. The platform’s advanced forecasting capabilities and automation tools directly address the inventory challenges highlighted earlier, making it an ideal choice for merchants looking for a robust inventory management solution.

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Ready to take your inventory management to the next level? Try Forstock today and experience how its cutting-edge forecasting tools and simple pricing can transform your business.

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FAQs

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How does AI-powered demand forecasting in tools like Forstock help e-commerce businesses manage their inventory more effectively?

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AI-driven demand forecasting tools, such as Forstock, are transforming how e-commerce businesses manage their inventory. By leveraging advanced machine learning algorithms, these tools dig into historical sales data, uncover patterns, and adjust stock levels in real time to stay in sync with market trends.

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The benefits are hard to overlook. This technology helps businesses avoid overstocking and stockouts, cutting down on waste and trimming supply chain expenses. By ensuring products are available exactly when customers need them, companies can streamline operations, meet customer demands more effectively, and ultimately boost profitability.

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What should I look for in an inventory analytics tool for my Shopify store?

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When choosing an inventory analytics tool for your Shopify store, there are a few important factors to keep in mind. First, accurate data is a must. You need dependable information to make smart decisions and steer clear of expensive errors. Next, prioritize ease of use - the tool should be straightforward and allow you to create detailed, custom reports without unnecessary hassle.

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It’s also worth checking if the tool offers smooth integration with your current systems and platforms. And don’t overlook customization options - these can help tailor the tool to fit your business needs and workflows. Together, these features ensure the tool can grow alongside your e-commerce business.

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How does automation in inventory management tools simplify tasks and boost efficiency for e-commerce businesses?

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Automation in inventory management tools takes the hassle out of repetitive tasks like tracking stock, updating orders, and forecasting demand. By streamlining these processes, it cuts down on manual work, reduces mistakes, and saves valuable time.

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These tools also boost efficiency by providing real-time data insights and predictive analytics. This means businesses can make smarter decisions and keep inventory levels just right. With resources allocated more effectively and orders fulfilled faster and more reliably, customer satisfaction naturally gets a big boost.