Monocle

Monocle (monocleapp.co) is an inventory forecasting product for ecommerce merchants, delivered as an app installed on Shopify. Its core function is demand forecasting: the software detects periods in which a product was out of stock and adjusts the sales history for them, on the premise that conventional tools read zero sales during a stockout as zero demand and therefore recommend under-ordering the best-selling items. Forecasts are then converted into suggested purchase orders that merchants can review and send.

Beyond forecasting, the product covers purchase order creation and tracking, automated replenishment and reorder suggestions at the SKU and bundle level, real-time material and component counts with shortage alerts, ABC-XYZ analysis, market basket analysis to identify complementary products for cross-sell and upsell, and analytics on purchasing trends and per-variant demand. Onboarding assistance, training and ongoing support are offered, with concierge onboarding included on higher plans. The company markets a free, assisted data migration for merchants moving off Shopify's Stocky app ahead of that tool's announced August 31 shutdown. A customer-facing web application is hosted at app.monocleapp.co, and the company publishes a blog on inventory planning topics for Shopify operators authored by Amir Sigari.