Purchase budget planner
Plan your future purchase order expenses with the Purchase budget planner. This planning tool uses ForesightAI to forecast monthly purchase order costs over the next 12 months to help you meet sales demand. Manage your purchasing budget with the purchase budget planner and prepare your business for the future!
Prerequisites
This is a Cin7 ForesightAI planner and requires an add-on to your subscription.
ForesightAI requires at least 6 months of sales history in Cin7 Core.
US customers with Cin7 Capital can use services to help finance the forecasted sales demand.
Use the purchase budget planner
The Purchase budget planner is available with the ForesightAI subscription. You can review your forecasted purchase order costs for the next 12 months and adjust your purchasing budget as needed. Products without a supplier are not included in the Purchase budget planner.
Select Financials and then Purchase budget planner.
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The planner provides a monthly breakdown of your Forecasted PO costs. ForesightAI will forecast sales and then calculate the purchase order cost to meet this sales demand for the next 12 months.
By default, you will see your Forecasted PO costs broken down by Product segments (Winners, Chasers, and Losers). Alternatively, you can change the dropdown to Suppliers to view these costs per supplier. If a Supplier has no Forecasted PO costs, they will not appear in the planner.
Add your monthly purchasing budget to Available funds.
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The Purchase budget planner will then calculate the:
Balance of funds
Calculates the amount of money leftover if you purchase the proposed purchase orders (Available funds - Forecasted PO costs).Lost revenue
Forecasts the amount of sales revenue lost if you can't buy all of the proposed purchase orders (Forecasted PO costs). This will only show if your Balance of funds is negative.Lost margin
Forecasts the amount of margin lost if you can't buy all of the proposed purchase orders (Forecasted PO costs). This will only show if your Balance of funds is negative.
Review the graph columns to see if a month has Surplus funds or Deficit funds.
You can also select Export to create a .csv file with all of the Purchase Budget Planner information. Depending on your selection, the export will either include the Forecasted PO costs split by Product Segments or Suppliers.
Cin7 Capital
For US Cin7 Core accounts, you can streamline your purchase budget planning with Cin7 Capital. Cin7 Capital provides term loans, lines of credit, and invoice financing from inside Cin7 Core.Term loans—large, lump sums of cash paid out upfront and in full. Term loans are perfect for big, one-off capital expenditures like new equipment and property maintenance. Interest is fixed and repayments are predictable.Lines of credit—flexible access to cash when you need it, helping to smooth fluctuations in irregular cash flow. For example, if you’re approved for a $10,000 line of credit, you can borrow up to $10,000 as you need. Interest is paid on the outstanding balance only.Invoice financing—borrow money against your accounts receivable. It’s an easy way to unlock cash flow on short notice, perfect for businesses who offer generous invoice payment terms, or who don’t meet the underwriting criteria for Cin7 Capital term loans or lines of credit.Accounts payable (AP) financing—finance purchase orders and supplier invoices now and pay later. It’s a simple way to preserve cash flow, ensure timely supplier payments, and secure the inventory or materials your business needs.To apply for Cin7 Capital, your business must be based in the United States. Your application is reviewed by our trusted partner Kanmon. They deposit funding to, and withdraw repayments from, your business bank account.
If you don't have enough funds to meet your purchase plan, you can organize a loan with Cin7 Capital.