DEMAND
FORECASTING

INVENTOR FORECASTER

INVENTOR FORECASTER is responsible for preparing raw transactions data for the computations and demand forecasting. The rich tools deck automatically prepares huge transaction data and draws neat demand forecast for your planners swiftly

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AUTOMATIC DATA VERIFICATION

Automatic data verification transactions allow identifying and getting rid of errors in huge volumes of data on transactions and significantly improving forecast accuracy.

LOOKALIKE GOODS

Maintaining a correct directory for lookalike goods drives overstock elimination

INTERDEPENDENT ITEMS

If the absence of a product leads to an increase in sales of another product, they are interdependent. The INVENTOR system calculates and uses substitution rates for any number of goods to forecast demand

ONE-OFF EVENTS FILTERING

The INVENTOR system uses special algorithms to identify one-off transactions, and the warehouse stock is optimized based on organic random demand, which is cleaned of tenders or special orders

TRUE DEMAND RECOVERY

The system automatically restores demand for periods with zero stock levels, making it possible to forecast demand for future periods correctly

SEASONALITY

Seasonal changes, weather events, or pandemics occur at different times, but the effect is known in advance. The system uses machine learning forming a library of behavioral patterns for the correct processing of the effect of "floating" events in the future

WEEKLY CYCLICAL DEMAND

For short lead-time items (up to two days), Inventor  Forecaster considers the cyclicality of demand within the week (beginning of the week, end of the week, weekend) and automatically calculates the weekly cycle rates and uses them to forecast demand

NEW ITEMS AND COLLECTIONS

The system implements the ability to inherit demand parameters, taking into account the previously accumulated statistics for similar units. Based on the assigned parameters, the optimal control strategy is automatically calculated for the new item

PROMOTIONS AND SPECIAL EVENTS

The system takes into account the duration and scale of the event, as well as the expected form of demand changes. The system also monitors special event results: it compares the actual effect of the action with a predetermined scale and form of increased demand