Lightspeed Insights for Retail
Predict how much inventory to order and easily draft purchase orders with Lightspeed Insights.
Access insights to predict how much inventory to order
- Take into account past out-of-stock periods to avoid missing sales and order inventory with precision
- View suggested order quantities that consider past sales volumes and stockouts when deciding what to order and save time without creating manual estimations
- Have confidence with how much stock to order and minimise stockouts, reduce excess inventory and maximise profitability
Easily create purchase orders
- View current inventory and suggested order quantities while creating the PO to help determine the order amount
- Streamline the preparation of purchase orders and save hours each week that would otherwise be spent on manual inventory management tasks
- Eliminate the need to switch between systems and spreadsheets, simplifying the overall purchase order workflow
- Access accurate order quantities with POs based on up-to-date sales and inventory data, reducing the risk of overstock or stockouts
Factor stockouts
Keep track of items that often go out of stock. Our reporting measures can help you plan your ordering and gauge what inventory you’ll need for busy periods.
Forecasted demand and suggested reorder quantity
Have the ability to view suggested order quantities that consider past sales volumes and stockouts when deciding what to order.
Easily create purchase orders
Create purchase orders in Lightspeed Insights and easily determine which products and quantities to order. You can place purchase orders for all locations collectively or for individual locations.
My reporting system is invaluable to me. I’m confident that the information we’re getting through is absolutely correct for me to do the strategic financial planning moving forward, knowing what to spend money on. Lightspeed gives me all the tools I need to take it to that next level.”
Mick Smith
Financial Director, Smith’s Garden Centre
