Plan for a Newly Launched Product
With Prediko, you are able to accurately Plan for the launch of new products.
Step 1
Add the Product in a DRAFT status on Shopify.
Assign correct "Product Category" and "Product Type".
Important: Prediko syncs daily with Shopify. Your product appears inside Prediko the next morning. Or, you can also manually resync via Smart Modelp.
Step 2
Go to Plan page and click on "Launch Now"
What products can you "Launch"?
Product in "Draft" status inside Shopify with no prior Plan created.
Step 3
Select products you are launching and confirm the Launch Date. You can update in bulk or individually and then click Continue
Step 4
Confirm the split of SKU’s within a product as a percentage. As this is a new product, we have no previous data and so rely on the inputted information to make a prediction. In the example below, if the was the prediction was the same for T shirt M and T shirt S you would allocate 50% to each of the products. You can weight accordingly for all the different SKUs within a product.
Please note that if you are the first orders are generally overestimating, make sure to edit down predictions manually.
Calculate Smart Model for new launches
As well as inputted data, we also base the Smart Model predictions on the Category of the new SKU and analyse how similar products have performed in the same Category.
We also increase the Total Plan by the sales generated by a new Product.
Pro Tip: If you need to make edits to the product, update it manually the usual way.
What if it is a new variant and not a new Product?
If you have already a live Product and are creating a new variant and don't want customers to see it on Shopify as Unavailable:
Create a DRAFT Product (can use the same name)
Add a Variant there with the correct Name
Raise PO on Prediko for Stock
Once Stock arrives add a variant to the original LIVE Product
Archive the DRAFT Product
Check "SKU mapping" on Prediko to make sure we are grabbing the correct inventory and use a Re-Plan button to calculate the Plan