Black Friday & Cyber Monday 2024 Unpacked
Shopify Brands Crushed BFCM with
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Track Your Performance Metrics With Real-Time Sync
- Deep Overstock Inventory Value:
For SKUs that are currently in Overstock with no purchasing date for next 6 months. - Sales Lost Due to Out Of Stock: Sales daily plan (average over the next 12 months) for Out of Stock products.
- SKU Availability Rate:
Percentage of SKUs with
more than 0 units in stock.
AI-powered Demand Planning for Black Friday
- Prediko's AI-powered demand planning tool will create your demand plan based on your prior year's BFCMÂ sales data from Shopify.
- With auto-refresh, your demand plan is automatically updated in real-time, keeping inventory in sync with your evolving BFCM targets.
- Flexibility to make edits to your plan based on promotions, unexpected demand surges, and marketing campaigns leading up to Black Friday
3
Restock Like a Pro: Nail the Right Products and Quantities
- Predikoâs Buying Table uses your AI demand plan to give you precise recommendations on what products to restock and when ahead of Black Friday.
Factor in lead times, stock levels, and sales trends to ensure youâre stocked up well in advance, avoiding last-minute purchase orders. - Customize your Buying Table by creating views that highlight your BFCM bestsellers. Tag these products to ensure theyâre are stocked well in advance.
- Analyse performance of your BFCM bestsellers with 50+ data points by product or SKU. Â
4
Stay On Track With Black Friday Purchase Orders
- Easily create and track purchase orders in one place.
- Prediko syncs with your Shopify & WMS in real-time and updates PO statuses to ensure timely fulfillment and smart reordering
- The "Days Left" column in your Buying Table provides real-time data on how much revenue you stand to lose if you donât reorder stock.
5
Analyse Bundle Performance To Deploy The Right Upsell Tactics
- Track your bundles performance within Prediko by syncing your bundles.app or uploading your Shopify bundles via CSV.
- Create new bundle opportunities by using Predikoâs ABC filter to identify slow moving inventory (C) that can be bundled with your best-selling products (A).
â
âThis tactic not only helps you clear out excess stock but also makes these bundles more attractive to customers during BFCM. - Discover exactly how much of each underlying SKU you need to order for your Bundles.
6
Capitalise by Clearing Excess Stock
- Use preset views like âDeep Excessâ within the Buying Table to see overstocked products that need your attention.
- Analyse the historical sales and profitability of excess SKUs to determine a course of action (eg. the level of discounting needed to clear stock).
- Your AI-powered demand plan will help you adjust expectations of revenue from those excess SKUs.
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7
Actionable Insights to Reach Your Black Friday Revenue Targets
- Review your inventory levels, filter for bestsellers and reorder in time to nail Black Friday.
- Prediko warns you when you are under or outperforming your revenue Plan so you can take action. The goal is to stay within +/- 5% of your plan
- Alerts point you to the SKUs that are costing you the most due to stockout.
8
Tailor-Made Emails and Inventory Alerts
- Set email alerts to your desired frequency and review key metrics for your products.
- Prediko highlights incoming quantities and stockout dates for your best-selling SKUs.
- 1-click CTA to take you directly to the reports within the app.
9
Never Miss A Beat: Real-time Inventory Sync With Shopify
- Accurate stock levels during the most important sales period of the year.
- Real-time syncing, Prediko automatically updates inventory levels in your Buying table and Shopify as sales happen.
- A dynamic Health bar helps you visualise the health of your current stock level.
10
Inventory Analytics And Reports For Black Friday
- Get real-time data on stock-out and excess inventory as a percentage of total.
Build reports to analyse data at a SKU level. - Stay on top of the number of orders placed on your store during Black Friday & Cyber Monday
- Post BFCM, get data on the days of demand that you can maintain with your current stock. See the value and cost of your inventory across all your locations.
1
Track Your Performance Metrics With Real-Time Sync
- SKU Availability Rate: Percentage of SKUs with more than 0 units in stock.
- Sales Lost Due to Out Of Stock: Sales lost (average over the next 12 months) because of Out of Stock products.
- Deep Overstock Inventory Value: For SKUs that are currently in Overstock with no purchasing date for next 6 months.
AI-powered Demand Planning for Black Friday
- Prediko's AI-powered demand planning tool will create your demand plan based on your prior year's BFCMÂ sales data from Shopify.
- With auto-refresh, your demand plan is automatically updated in real-time, keeping inventory in sync with your evolving BFCM targets.
- Flexibility to make edits to your plan based on promotions, unexpected demand surges, and marketing campaigns leading up to Black Friday
2
3
Restock Like a Pro.
Nail the Right Products and Quantities
- Predikoâs Buying Table uses your AI demand plan to give you precise recommendations on what products to restock and when ahead of Black Friday.
Factor in lead times, stock levels, and sales trends to ensure youâre stocked up well in advance, avoiding last-minute purchase orders. - Customize your Buying Table by creating views that highlight your BFCM bestsellers. Tag these products to ensure they are stocked well in advance.
- Analyse performance of your BFCM bestsellers with 50+ data points by product or SKU. Â
Stay On Track With Black Friday Purchase Orders
- Easily create and track purchase orders in one place.
- Prediko syncs with your Shopify & WMS in real-time and updates PO statuses to ensure timely fulfillment and smart reordering
- The "Days Left" column in your Buying Table provides real-time data on how much revenue you stand to lose if you donât reorder stock.
4
5
Analyse Bundle Performance To Deploy The Right Upsell Tactics
- Track your bundles performance within Prediko by syncing your bundles.app or uploading your Shopify bundles via CSV.
- Create new bundle opportunities by using Predikoâs ABC filter to identify slow moving inventory (C) that can be bundled with your best-selling products (A).
â
âThis tactic not only helps you clear out excess stock but also makes these bundles more attractive to customers during BFCM. - Discover exactly how much of each underlying SKU you need to order for your Bundles.
Capitalise by Clearing Excess Stock
- Use preset views like âDeep Excessâ within the Buying Table to see overstocked products that need your attention.
- Analyse the historical sales and profitability of excess SKUs to determine a course of action (eg. the level of discounting needed to clear stock).
- Your AI-powered demand plan will help you adjust expectations of revenue from those excess SKUs.
6
7
Actionable Insights to Reach Your Black Friday Revenue Targets
- Review your inventory levels, filter for bestsellers and reorder in time to nail Black Friday.
- Prediko warns you when you are under or outperforming your revenue Plan so you can take action. The goal is to stay within +/- 5% of your plan
- Alerts point you to the SKUs that are costing you the most due to stockout.
Tailor-Made Emails and Inventory Alerts
- Set email alerts to your desired frequency and review key metrics for your products.
- Prediko highlights incoming quantities and stockout dates for your best-selling SKUs.
- 1-click CTA to take you directly to the reports within the app.
8
9
Never Miss A Beat: Real-time Inventory Sync With Shopify
- Accurate stock levels during the most important sales period of the year.
- Real-time syncing, Prediko automatically updates inventory levels in your Buying table and Shopify as sales happen.
- A dynamic Health bar helps you visualise the health of your current stock level.
Inventory Analytics And Reports For Black Friday
- Get real-time data on stock-out and excess inventory as a percentage of total.
Build reports to analyse data at a SKU level. - Stay on top of the number of orders placed on your store during Black Friday & Cyber Monday
- Post BFCM, get data on the days of demand that you can maintain with your current stock. See the value and cost of your inventory across all your locations.
10
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Get Inventory Ready For The Post Black Friday Holiday Season!
- Check forecasts for your holiday season and required inventory quantities
- See buying recommendations for your bestsellers and the most sold products during BFCM and place POs for those.
- Start tracking inventory of your holiday bundles.
