Product Management
here’s how you can manage the products in ForecxtIQ:
- Select the Products menu from the left navigation menu. (A product dashboard screen will appear on the right side of the navigation menu).
- Shopify products are synchronized with ForecxtIQ, including attributes like product images, descriptions, prices, and inventory, aiding in demand forecasting using AI ForecxtIQ Models
- The quantity of products synced from Shopify varies based on the pricing plan. For instance, the Starter Plan allows for 30 products, the Growth Plan for 60 products, and the Enterprise Plan for 90 products. Products exceeding these limits will not be considered. If you require syncing a larger number of products, please reach out to support@forecxtiq.com
- Maintain Information on products, that influence AI demand forecasting such as
Safety Stock (the additional inventory held to mitigate the risk of stockouts due to unexpected fluctuations in demand or supply chain disruptions)
Avg Holding Cost (represents the average expenses associated with maintaining inventory over a specified period)
- You can maintain future marketing spend for a product. This influences predicting demand spikes in the future.
Note: For this click on the product that you want to maintain marketing spend, and a new screen will appear that includes the feature of maintaining marketing spend.
- Historical Marketing Spend can only be updated through CSV upload; this will aid in identifying correlations between demand spikes and marketing spending.
