About GoFact

GoFact software is a stock management tool designed to help businesses access intuitive reports to optimize inventory in accordance with customer demands. Users can also access built-in tools to see suggestions and communicate with relevant shops or manage orders within the ERP or POS platforms.

Businesses can monitor SKU levels to respond to sales and inventory trends on daily basis, and identify performing stores to optimize stock and maximize sales. It helps improve sales at full retail price and gain rewards by avoiding the need for markdowns. Administrators can also access a full transparent daily sellthrough on your products from your retailers.


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2 Reviews of GoFact

Overall rating

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April 2021

Lars from Ball Group

Company Size: 501-1,000 employees

Industry: Apparel & Fashion

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

April 2021

Succesfully bridging demand planning with demand management

We have successfully operationalized the concept of becoming much more demand driven in our flow of goods through GoFact

Pros

The software has a well struck balance between sophisticated algorithms and features to execute demand plans and a user friendly front-end that ensures that domain knowledge and thus intuition can be brought in to the equation when relevant. Most impactful is the auto-replenishment module that uses advanced statistical modeling to automatically manage stock at SKU level. A model that works well even in a retail environment, where transactional data at a daily SKU level is extremely volatile. Moreover, the ability to get a stock and allocation overview across numerous of stores and online platforms is second to none. Integrating the software from a technical perspective is straightforward as with most new and up to date applications.

Cons

The software is focused on the optimization of existing inventory. Thus, this is also its limitation, where a lot of demand insights are related to products that you may be missing.

Reasons for Choosing GoFact

It is more centered around the execution of demand plans. It matches our business requirements better, the integration is seamless and straightforward.

April 2021

Frederik from GOLF EXPERTEN A/S

Company Size: 51-200 employees

Industry: Retail

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

April 2021

GoFact

Great tool that is used every day. Good customer support as secure things will be as you want it.

Pros

Gofact is user-friendly and a super tool for use by companies that have several stores with many products.

Cons

It requires that there is 100% control of stock numbers and this is followed up regularly.