Software Updates For April 2022

It’s our goal to build the best inventory software out there. Nearly every week, SoStocked is rolling out new features that you have been asking for.

With that in mind, I’m excited to introduce you to the new SoStocked newsletter, where you can find out what’s new, what’s improved, and what’s up next. Let’s dive in!

Set up naming conventions to indicate how you would like your PO or WO numbers to generate with options like time, date, and vendor name, and SoStocked will automatically generate a custom number for each Work Order or Purchase Order you make.

In the Inventory Settings, turn on the “Auto-Populate PO Numbers” option and “Auto-Populate Work Order Numbers” option and build out your naming conventions to improve PO/WO efficiency and consistency. Learn how it works here. More ➜

Now you can download multiple inventory, PO, or Work Order dashboards for ALL of your connected accounts simultaneously!

If you have multiple SoStocked accounts, or simply need to download multiple reports at once, you can now save time by downloading your dashboards in one swift action through the new Agency Report – Multiple Dashboard export within the Bulk Export/Import page.

Select inventory dashboards from all of your accounts to quickly and easily do analyses or send reports to other departments, such as sending Inventory-Minded Marketing reports to your marketing team.

With this feature you can select dashboards like Inventory – Warehouse Levels, Inventory – Slow Sellers, PO – Drafts, WO – FBA Shipping plans, and pull the dashboards for your multiple accounts in one single download. See how it works here. More ➜

You’ll soon have the option to turn on an Automatic Seasonal Spike using coefficients, meaning your historical seasonality will be represented and you can then adjust each time period against that historical data.

You’ll be able to control seasonal ups and downs month to month, bi-weekly, or even weekly. SoStocked will find the annual average daily sale for the product and you can put in trend settings above or below that average.

Did you launch a new product and you’re not sure what to put in month to month? No problem! Find historical seasonal trends for other products within your catalog and set that same trend for your new product. Group multiple product seasonal trends. It will find an average of that group and you can apply that.

You will also be able to set different seasonality for each marketplace separately, US, EU, etc. To get the most accurate forecasting for every product in every marketplace.

The Days Until Stock Out field was updated – This metric on the Forecast page has been updated to make things more clear for you. The small grey number is the number of days you will remain in stock based on your average daily sales, not including any inbound shipments and the large emboldened number is the number of days you will remain in stock at FBA based on current FBA inventory on hand and on order direct to FBA.

New filter! Filter for products with a specific Days Until Stock Out number.

Seasonality can be repeated annually.

Edit Currency in Purchase Orders or Change Global Default Accounting Currency. SoStocked is used across the globe so we made it possible to accommodate all currencies used for your accounting with the new default currency feature. You can change the default currency for your entire account from your Inventory Settings. And for your Purchase Orders going to suppliers worldwide, you can edit the currency per vendor or per PO! See here ->

Improved Stockout Calculation Algorithm on the Forecast Page
We just made your Adjusted Velocity even more accurate by giving you the option to turn on a new stockout tool. The tool has always been able to adjust your daily sales velocity to compensate for zero sales days or partial sales days during stockouts and partial stock-outs. However, what happens when an entire PERIOD is a stockout? For example, let’s say you are out of stock for a full 7 days? The updated stockout algorithm will AUTOMATICALLY disable that period and recalculate your adjusted velocity based on the in-stock periods. Then, once you have been in stock again for that period, it will AUTOMATICALLY turn back on.

This makes it much easier to assign the stockout tool to many products across your entire catalog, without having to remember to find those products or forecasts with stock-out periods and turn them off. SoStocked will do that for you! Read here to find out more ->

Pull Updated Product Details on the Inventory Page.
Have you changed or added a product image since you first uploaded SoStocked? Or maybe it’s in a new category? Now SoStocked can pull the updated product details onto your inventory page. Always keep your SoStocked catalog up-to-date and easy to navigate with this new feature.