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The best inventory forecasting apps for Shopify in 2024

Written by
Adam Sturrock
Published on
May 19, 2024

Shopify, the popular e-commerce platform, hosts a vast number of online stores, catering to a wide range of merchants from various backgrounds. With its user-friendly interface and powerful features, Shopify has become a top choice for both budding entrepreneurs and established businesses looking to expand their online presence.

When it comes to managing inventory efficiently, having the right tools can make a significant difference in the success of a Shopify store. Inventory forecasting apps play a crucial role in helping merchants anticipate demand, optimize stocking levels, and ultimately improve their bottom line.

In 2024, the landscape of e-commerce continues to evolve rapidly, making it essential for Shopify store owners to stay ahead of the curve. By leveraging the best inventory forecasting apps available on Shopify, merchants can streamline their operations, reduce costs, and provide top-notch service to their customers.

This comprehensive guide is designed to assist Shopify merchants in selecting the most effective inventory forecasting apps for their specific needs. Whether you're just starting or looking to enhance your existing store, the right app can propel your business to new heights in the competitive e-commerce market.

Shopify, the leading e-commerce platform, is home to over 2 million active stores, representing a substantial 20% of the global e-commerce market. Shopify is especially renowned for accommodating a diverse range of merchants, from newcomers setting up their first store to large enterprises and household brands. Shopify's accessibility for beginners and scalability for major businesses make it an ideal choice for many individuals and businesses.

The platform provides a wide array of free and paid templates, effectively reducing development costs. Additionally, there are specialized Shopify agencies and experts proficient in handling a wide variety of requirements, offering a valuable resource for those who might otherwise need to build a comprehensive in-house team.

However, with over 7,000 Shopify apps available, choosing the right inventory forecasting apps for your Shopify store is crucial for effective business growth and efficient operation. This selection process and the resulting inventory forecasting apps utilized can significantly impact the management and scalability of a Shopify store.

With this in mind, this guide has been crafted with beginner eCommerce store owners to ambitious and sophisticated Shopify businesses in mind. The Shopify inventory forecasting apps we've selected are also immensely beneficial for medium and large Shopify stores that aim to outshine their competitors.

Let's dive into our top inventory forecasting app recommendations for Shopify!

#1 Shopify App Award

1. Orderhive Inventory Management

Orderhive Inventory ManagementOrderhive Inventory ManagementOrder List PageOrderhive Inventory ManagementOrderhive Inventory ManagementOrder List Page

Take control of your supply chain and streamline operations with this Inventory Management app, an adept overseer for different facets of your platform. Masterfully designed as an all-in-one solution, it facilitates the navigation of diverse tasks across multiple Shopify stores, granting you an unencumbered control of your business.

Abolish the persistent concern of stock updates with the app's automatic real-time stock level adjustments following each order. Simultaneously, it ensures every order status and shipping detail is promptly updated; keeping your customers informed at every step of their shopping journey.

Savvy merchants know knowledge is power - this is why the app offers real-time analytics and comprehensive reporting. You can monitor your inventory, orders, and customer details, amassing a wealth of actionable insights to guide future strategic decisions.

Product returns - commonly perceived as a hassle, are seamlessly integrated into your inventory tracking with automatic syncing. This convenience eliminates guesswork, providing clarity on stock availability for your e-commerce platform's operational efficiency. By methodically plugging operational gaps and harmonizing retail processes, this Inventory Management App truly is the behind-the-scenes guardian of your e-commerce success.

Orderhive Inventory Management is developed and maintained by Orderhive.

Orderhive Inventory Management has an average rating of 3.8 out of 5 stars with 171 reviews from Shopify stores.

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#2 Shopify App Award

2. Bee Low Stock Alert & Forecast

Bee Low Stock Alert & ForecastBee Low Stock Alert & ForecastShopify low inventory alert thresholdBee Low Stock Alert & ForecastBee Low Stock Alert & ForecastShopify low inventory alert threshold

Free plan available. Free trial available.

Never miss a sale due to an out-of-stock product again. This intelligent inventory management app offers a seamlessly integrated restocking system, designed with your convenience in mind. Utilizing timely notifications, this app ensures that both you and your suppliers remain informed about your inventory levels, specifically when products drop below a pre-determined threshold.

Why wait for an empty shelf to take action? Allow the app to proactively manage your inventory for you. Using an advanced forecasting module, replenishment recommendations are dynamically adjusted according to the sales velocity of each product. Automate your inventory management even further by setting an optimal stock level and let the app calculate and handle the restocking volumes automatically.

This tool brings the benefits of data-driven inventory management to your fingertips, equation the guesswork out of product restocking. Keep your store efficiently stocked and prioritize your attention on what truly matters – growing your business.

Bee Low Stock Alert & Forecast is developed and maintained by merchbees.

Bee Low Stock Alert & Forecast has an average rating of 5 out of 5 stars with 118 reviews from Shopify stores.

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#3 Shopify App Award

3. Stockbot Inventory Forecasting

Stockbot Inventory ForecastingStockbot Inventory ForecastingInventory ForecastingStockbot Inventory ForecastingStockbot Inventory ForecastingInventory Forecasting

Free plan available. Free trial available.

Enjoy peace of mind with the ideal solution to safeguard your inventory investments. By leveraging this streamlined tool, merchants can smartly forecast their replenishment quantities, preventing overstocking, dead stock accumulation, and unnecessary capital tied to unsold items, essentially eliminating warehouse space constraints.

This application isn't merely a basic inventory tracker; it also identifies slow-moving products, giving you the power to adjust your marketing strategies and stocking decisions accordingly. With low stock alerts customizable to the store, product, and variant levels, you'll never be caught off guard and can maintain an optimal stock level at all times to satisfy your customer demands.

An indispensable tool for any Shopify merchant, this app outperforms the duties of several employees, mechanizing cumbersome tasks, thereby saving you crucial time and resources in the process. The straightforward setup and user-friendly nature of the application mean you'll breeze through the onboarding process and start reaping benefits immediately. Make the smart shift towards precision inventory forecasting and tracking, and let the tool do the heavy lifting.

Stockbot Inventory Forecasting is developed and maintained by StoreBuilder.

Stockbot Inventory Forecasting has an average rating of 4.9 out of 5 stars with 57 reviews from Shopify stores.

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4. Fabrikatör Inventory Assistant

Fabrikatör Inventory AssistantFabrikatör Inventory AssistantForecast future demands, avoid out of stocks, get stock alertsFabrikatör Inventory AssistantFabrikatör Inventory AssistantForecast future demands, avoid out of stocks, get stock alerts

SEED: $99 / month (For stores up to $500k annual revenue) SCALE-UP: $149 / month (For stores up to $1.5M annual revenue) GROWTH: $199 / month (For stores up to $2.5M annual revenue) ENTERPRISE: Free to install (For stores with $2.5M+ annual revenue)

Optimize your virtual storefront with an intelligent inventory management solution. Offering comprehensive control over inventory planning, tracking, and automation, this app ensures optimal product availability and prompts smart business decisions. Implementing custom purchase orders and updating stock levels becomes a task of mere seconds.

Anchoring the app's value is its robust inventory forecasting tool, allowing for predictive stock management and informed action. Irrespective of a product's stock status, pre-order and backorder functionalities ensure continuous revenue streams, thereby revitalizing otherwise dormant stock.

Seamless integrations with platforms such as Klaviyo, ShipHero, and Shopify bolster the application's usability. Leverage these interfaces to cultivate custom reports and dashboards, thus enabling data-centric decision-making. Newly introduced features, including multi-location and freight planning, further accentuate the app's capacity to foster operational efficiency.

Fabrikatör Inventory Assistant is developed and maintained by Fabrikator IO Information Technologies UG.

Fabrikatör Inventory Assistant has an average rating of 5 out of 5 stars with 55 reviews from Shopify stores.

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5. Inventory Forecasting Hero

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Free plan available. Free trial available.

Imaging a virtual assistant that can quite literally predict future success. The Inventory Forecasting Hero app is aptly named, striving to ensure that you will never have to face the perils of overstocking, under-stocking, or dead-stock. Through calculated demand analysis and adjustments of incoming inventory, it creates a strategic list of items that need restocking. Simply put, you'll always be prepared for what's coming.

What sets this powerful tool apart is its heightened efficiency. Infused with the tried-and-true structure of conventional Excel forecasting models, this app offers full automation of the forecasting process. By eliminating the potential for human error, the app will save not only your precious time and money but also the heartache of inventory mismanagement.

More than just a mechanical solution, the Inventory Forecasting Hero app radiates a user-friendly charm. With a straightforward installation process and a team that's always ready to assist in onboarding, adopting this app is as hassle-free as it is beneficial. Enjoy the luxury of maximizing profits while minimizing waste, all in the context of a smooth and effortless user experience.

Inventory Forecasting Hero is developed and maintained by StoreBuilder.

Inventory Forecasting Hero has an average rating of 4.4 out of 5 stars with 8 reviews from Shopify stores.

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We hope you found this guide on the top inventory forecasting apps for Shopify useful.

Did we miss an app you think should be included in this guide, please let us know!

Top Shopify inventory forecasting apps FAQ

Which inventory forecasting apps do I need for my Shopify store?

You’ll want to take advantage of the many inventory forecasting apps and integrations available to make your Shopify store the best it can be. Every inventory forecasting app highlighted in this article can help take your Shopify store to the next level! With that said, if you can't find what you're looking for in this guide, we recommend checking our comprehensive list of every Shopify inventory forecasting app!

What is the best inventory forecasting app for Shopify?

The Shopify App Store is always adding new apps, but by analyzing merchant reviews, average ratings, estimated install counts, pricing and other signals we've identified that Orderhive Inventory Management is one of the top Shopify inventory forecasting apps available for merchants in 2024.

With that said, it’s not always the best idea to just go for the most popular app or our recommendations. Always look at how many Shopify stars the app has and what the reviews are saying about the app itself. Where possible, we highly recommend testing apps you are considering by leveraging free trials before commiting to any fixed monthly subscription costs.

Why do I need to install a Shopify inventory forecasting app?

Whilst Shopify comes with a broad range of features and capabilities out of the box, many inventory forecasting apps go above and beyond what Shopify can provide. Every store has unique requirements and a diverse range of apps are available to meet these needs.

How many inventory forecasting apps are recommended for Shopify?

We recommend including atleast one inventory forecasting app for your Shopify store if this type of app would be beneficial for your store. There are a lot of free options out there and some great inventory forecasting apps that will help you run your business as smoothly as possible.

Can I build my own custom inventory forecasting app for Shopify?

The short answer is yes ofcourse! Shopify provides a lot of great documentation to build inventory forecasting apps.

The longer answer is that you should weigh up the upfront time, resources and costs of building a custom apps vs finding a inventory forecasting app that handles the majority of your requirements for free or for a low monthly fee.

Ofcourse if you can't find a suitable inventory forecasting Shopify app to meet your needs then it's definitely worth investigating what it would take to build the app of your dreams!

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