ForesightAI insights, widgets, and reports
Explore ForesightAI insights and reports to understand your inventory health, forecast future demand, and make smarter stock decisions. Use dashboards, enhanced product availability insights, and forecasting reports to identify trends, manage stock levels, and prioritize products.
Prerequisites
You have set up ForesightAI.
ForesightAI requires at least 6 months of sales history in Cin7 Core.
Enhanced product availability product
ForesightAI enhances the Product Availability Report to give extra information about stock performance and availability.
Track your best selling products with the new Winners column. If a product is a winner in that location, it will have a crown icon.
Stock indicators show if the product is in stockout or overstock for that location.
Inventory health widgets
ForesightAI adds multiple optional widgets to the dashboard to give you a snapshot of your inventory health at a glance.
The Over/under stock dashboard widget displays the current number of SKUs in stockout (out of stock), overstock, and healthy states in each location.
The Inventory health and Stock trends dashboard widgets display your stockout and overstock percentage, plus the estimated revenue for lost sales because products were out of stock.
The Winners and losers widget shows the stock share and stock value for winners, chaser, and losers.
Select All locations in most widgets and choose a location to see the ForesightAI insights for that specific location.
ForesightAI reports
We've added several dedicated reports to provide forecasting insights into your stock levels. Find them in the Reports section, under Cin7 ForesightAI reports.
Overstock Report: Use this report to see which items are overstocked and which items are likely to cause stockouts. Recognize overstocked products to reduce inventory on hand and see how many days of sales are required to reduce overstock to optimum inventory levels.
Stockout Report: Use this report to see which items are out of stock or will be soon, when the expected stockout will start and end, and how much lost revenue can be attributed to each stockout.
Sales Forecast: Use this report to forecast sales for up to the next 12 months based on your previous sales history. View expected quantities sold and revenue for each product and location.
Winners and Losers Report: Use this report to see which products drive your revenue generation and should be prioritized. Identify the dead stock SKUs that are rarely sold and tie up your cashflow.
Sales forecast graph
The sales forecast graph shows the historical data prepared for forecasting (green) and your sales forecast (blue).
Additionally, the sales graph includes:
Inventory forecast (red)—By combining sales forecast, items data, purchase orders and on-hand and in-transit inventory, we can present you the 24 month inventory projection.
Safety stock (gray)—Safety stock is a part of your inventory that absorbs every uncertainty in delivery times or lead times of your suppliers and uncertainty in sales forecast accuracy. We can describe safety stock as a level of extra stock that is maintained to mitigate risk of stockouts caused by uncertainties in supply and demand.