Software Updates For May 2022

It’s been a busy second quarter so far and there’s no slowing down here at SoStocked! See what new features have been released this month and what we have in store for you coming soon. Let’s dive in!

The truth hurts, but it will also set you free and help you make more money! SoStocked now has a dashboard where you can view the total lost sales due to stockouts in the past 365 days. You can also see the total lost sales by region or marketplace to find where exactly there may be logistic issues that need to be resolved.

It works by taking the product’s current Adjusted Velocity and the Stockouts in the last 365 days and multiplying it by the retail price you have listed under the product details page.

With this new feature you are able to see a chronological log of changes made to your products, orders and warehouse inventory levels in one easy-to-use dashboard.

In the image below you’ll see the consolidated logs complete with adjustable columns and filters. Go to the Settings page and find the setting entitled “Logs”.

Activity logs have been available in SoStocked however you had to go to different places to view the activity logs for that specific area, for example, to see inventory changes for a warehouse you had to go to the vendor, open the vendor detail page and click “View Activity Logs” these same logs are still available now and you can find the details laid out here.

In this activity log you have access to all activity logs throughout the site in one place, rather than having to click around the account you can leverage the filters to see the specific data you want to track.

Now you can view what your predicted future sales will look like in a graph format on the Forecast page. This graph takes your current Adjusted Velocity and adds in all Lightning Deals and Seasonal Spikes. With this view you can be proactive and make adjustments in advance with your inventory-minded marketing team to keep your graph on an upward trend.

If you are interested, you can try the new 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 sales for the product, indicate which time periods extend above or below that average, and then you can input trend settings above or below those projections.

Did you launch a new product and you have no month to month sales pattern data on which to base your sales projections? No problem! Select historical seasonal trends for other products within your catalog and use those same trends for your new product. Group multiple product seasonal trends for more intricate forecasting. Our new seasonality feature will find an average of that group to apply to your new SKU.

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

If you want to test out the beta seasonality tool just email us at helpme@sostocked to request entry into beta.

We have had our software ready for Amazon’s new API system allowing for the Australia API for a while now, we’ve just been waiting on Amazon to allow us to integrate with that system. The good news is that Amazon now has a deadline to get this completed and we will have full integration with Australia, Saudi Arabia and The United Arab Emirates by July.