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Understanding New Product Forecasting

A reference guide to New Product Forecasting — explaining how Swap generates forecasts for draft products using similar-item matching.

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Written by Jemma O'Leary

New Product Forecasting helps you plan demand for products that don't yet have sales history. Swap generates an initial forecast by comparing your new product to similar items in your range, giving you a realistic starting point to review and adjust.


What is new product forecasting?

New Product Forecasting lets you create demand forecasts for products that are still in Draft status in Shopify and haven't started selling yet.

Instead of guessing or starting from zero, Swap:

  • Finds similar existing products based on tags, categories, and product types

  • Uses their historical performance as a reference

  • Visualises the similar products to help you review their forecasts

  • Generates a draft forecast for the new product

This helps you plan inventory earlier and more confidently — before launch.


How new product forecasts are built

Swap uses an AI-powered matching model to identify products in your catalogue that are most similar to the new product. The model looks at signals like product tags, categories, and product types.

Based on these similar products, Swap generates a forecast that reflects real historical demand patterns — making it grounded in reality, explainable, and easy to act on.


How it works

1. Create draft products in Shopify

Create a new product in Shopify and keep it in Draft status. Swap supports draft products created within the last three months.

2. Draft products appear automatically in Swap

Draft products appear almost immediately in the New Product Forecasting section in Swap — no manual setup needed.

3. Generate the forecast

Click into a draft product and generate its forecast. You'll see:

  • Forecasted sales over time

  • A visual chart similar to Demand Planning

  • The products Swap used as references

4. Set or adjust the launch date

You can adjust the product's launch date. Changing the launch date automatically shifts when forecasted sales begin.

5. Adjust variant-level forecasts

Adjust forecasts at the variant (SKU) level to reflect your expected size or colour mix. You can use the size curvature of similar products as a guide.

6. Mark the forecast as done

Once reviewed, mark the forecast as Done. This helps you track which products you've already reviewed and keeps your forecasting workflow clean.

7. Product goes live

When the product status changes from Draft → Active in Shopify, it automatically appears in Demand Planning with its forecast already in place.


Size curvature of similar items

You can view the size curvature of similar items to help you decide how much to forecast at each variant level.


Where new product forecasts appear

New Product Forecasting lives in its own dedicated view, but connects directly into your wider planning workflow:

  • Draft products → New Product Forecasting

  • Active products → Demand Planning

  • Forecast history remains visible for context

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