Yosoku
Overview of Yosoku
What is Yosoku?
Yosoku is an AI-powered decision intelligence software designed for ecommerce businesses using Shopify. It helps online retailers optimize their inventory management, accurately forecast demand, and negotiate better discounts and payment terms with suppliers. By leveraging machine learning, Yosoku aims to transform inventory operations from a guessing game into a competitive advantage.
How Does Yosoku Work?
Yosoku simplifies inventory management with a three-step process:
- Connect Shopify: Users download the free Yosoku Shopify app, which analyzes historical sales data to create a unique machine learning model for each SKU and variant.
- Add Supplier Details: The Yosoku team assists users in mapping SKUs to suppliers, adding quantity discount information, MOQs (Minimum Order Quantities), and lead times to supplier profiles.
- AI-Powered Optimization: Yosoku identifies overstocked and understocked SKUs, recommends reorder quantities, directs stock to the right locations, maximizes discounts, and automates Purchase Order (PO) creation.
Key Features and Benefits of Yosoku
- Demand Forecasting: Yosoku uses AI to predict future sales and demand, enabling businesses to proactively manage their inventory levels.
- Inventory Optimization: The software pinpoints overstocked and understocked SKUs, ensuring optimal stock levels to minimize holding costs and improve cash flow.
- Automated PO Creation: Yosoku automates the creation of purchase orders, saving time and reducing the risk of errors.
- Supplier Negotiation: The platform helps businesses negotiate better discounts and payment terms with suppliers, increasing profit margins.
- Real-time Profit Analytics: Yosoku provides real-time insights into profitability, helping businesses make data-driven decisions.
- Cashflow Forecasting: The tool offers cashflow forecasting capabilities, providing businesses with a clear view of their financial position.
Why Choose Yosoku for Inventory Management?
- Reduced Holding Costs: By optimizing inventory levels, Yosoku helps minimize the costs associated with storing excess stock.
- Improved Cash Flow: Effective inventory management frees up cash that can be reinvested in business growth.
- Increased Customer Retention: By preventing stock-outs, Yosoku helps maintain customer satisfaction and loyalty.
- Increased Profit Margins: Negotiating better supplier deals directly contributes to increased profit margins.
- Data-Driven Insights: Yosoku provides valuable data insights that can be used to inform strategic decision-making.
- Improved Resilience: Effective inventory operations help businesses identify and mitigate potential supply chain vulnerabilities.
Who is Yosoku for?
Yosoku is ideal for ecommerce businesses using Shopify who want to improve their inventory management processes and increase profitability. It is particularly well-suited for businesses that:
- Are experiencing issues with overstocking or understocking.
- Want to automate their purchase order creation process.
- Are looking to negotiate better deals with their suppliers.
- Want to gain better visibility into their inventory levels and demand patterns.
Best way to optimize Shopify inventory?
The best way to optimize Shopify inventory is to implement a tool like Yosoku. Yosoku offers free early access. By connecting shopify and letting AI determine how much inventory to order, when to place orders, and how to negotiate the best discounts from your suppliers, online business can boost profits and efficiency.
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