Even a 1% error reduction in forecasting can result in millions gained for CPG businesses. PredictHQ offers forecast-grade intelligence that improves forecasting accuracy and identifies opportunities for profits and efficiencies hiding in plain sight. Here's how.
Demand Forecasting: Incorporating events into models for smarter forecasting.
Labor optimization: Ensuring the right number of drivers and store staff to meet demand.
PredictHQ has supplemented incomplete data sets, including unticketed events and cancelled events, to power pricing strategies and operational decisions.
Demand forecasting: Incorporating events into their Antuit-built models to better understand demand across 9600 stores.
Amazon Alexa's "Events Near Me" feature uses PredictHQ data to inform users about local events.
Demand forecasting: Getting drivers in the right place ahead of time to improve pick-up times.
Event visibility: Available in Zartico’s platform enabling deeper insight and smarter decisions.
Pricing: A key source of intelligence for the OTA Insights platform, enabling smarter pricing.
Labor optimization: Enriching the Legion Technologies platform, used by retailers to reduce labor inefficiencies.
Select any global consumer packaged goods location to instantly estimate spend from nearby events
Predicted Attendance
Attended Events
Suggested Radius
Predicted Event Spend (USD) - All Industries
Accommodation
Restaurants
Transportation
External circumstances – such as severe weather, sporting events, school holidays and university schedules – influence consumer behaviors and impact demand. If your models have under-forecasted or over-forecasted due to unanticipated demand fluctuations, it will create bottlenecks or gaps across your entire supply chain.
Demand uncertainty is a significant issue for the consumer packaged good industry, making demand forecasting a crucial function for businesses. PredictHQ’s forecast-grade event data is an intelligent input to your forecast models to take charge of the external factors impacting your demand.
Determine the external factors that cause the highest impact on your demand
Train forecasting models to improve accuracy and demand planning efforts
Plan distribution more accurately to prevent stocking issues at stores
Improved forecasts result in lower preventable wastage and greater profitability for CPG businesses. PredictHQ found that a 1% reduction in under-forecasting errors resulted in an average gain of $3.5M in the consumer products space.
Demand intelligence is crucial forecasting insight to reduce errors in your forecasting models. PredictHQ helps you uncover the major catalysts that cause demand shifts for your business so you can train your model with that data.
Building accurate models requires a massive amount of data and model prioritization. With PredictHQ, receive accurate, reliable data to improve granular forecasting efforts across your business.
Have you ever thought about how sporting events are impacting your supply chain? Whether its in-person demand around a sports venue impacting your customers, or Live TV Events that drive pre-game purchases or delivery orders, sports impact many CPG's demand. You can know this impact ahead of time so you can align your plans to meet it.
CPG businesses know unforeseen events such as severe weather and natural disasters cause major disruptions across their supply chains, making predictability a focus for many.
With demand intelligence, you get access to seven years of historical data so your models can learn from demand patterns during previous disruptions. Use this insight so you always have a data-driven strategy ready to deploy when the unscheduled events hit.
Lineup uses PredictHQ's demand intelligence to reduce forecasting errors and improve model accuracy. During initial trials, Lineup’s forecasting was 35% more accurate when leveraging demand intelligence.
The beauty of machine learning is that it can detect the changes and differences across all restaurant locations and adapt, but you need to ensure the data into your models is clean, accurate, and reliable.
Read Lineup’s Story
Improve your AI/ML forecasting models for more accurate predictions
Identify demand catalysts to improve supply chain efforts and inventory levels
Get value from demand intelligence by being able to upload locations, search and identify relevant events efficiently
Unlock better targeting and timing for your ad campaigns with privacy-safe event data
Know impactful events in advance and adjust prices sooner
Reduce labor costs and improve profitability by scheduling around events
Visualize event data through BI tools like Tableau to better understand impact
Ensure your network of delivery drivers is prepared based on demand from events
Contact our data science experts to find out the best solutions for your business. We'll get back to you within 1 business day.
Demand Forecasting: Incorporating events into models for smarter forecasting.
Demand forecasting: Getting drivers in the right place ahead of time to improve pick-up times.
Labor optimization: Ensuring the right number of drivers and store staff to meet demand.
Amazon Alexa's "Events Near Me" feature uses PredictHQ data to inform users about local events.
Transportation
Grocery & Supermarkets
Retail
QSR
Parking
Aviation
Accommodation
On-demand delivery
Location Intelligence
Technology Platforms
Human Capital Management