Stock the Perfect Shelf, every time

Knowing exactly how much inventory a store needs at any given moment is a dynamic issue. Out-of-stocks and overstocks cost retailers more than $1.1 trillion globally each year. Many grocery store partners that we’re working with are striving to stock the “perfect shelf” to avoid this issue.

The Challenge

Inventory planning is usually tedious and time consuming

Many stores rely on their employees to scope out shelves and avoid over-stocking and out-of-stock items. Besides analyzing seasonal trends, it is extremely difficult to know ahead of time which items will be in high demand and when. Because of this, grocery stores are susceptible to issues like supply shortages, over- or under-staffing, and overall demand planning inaccuracies.

Our Solution

Access external factors when planning for future demand

Let PredictHQ show you when impactful events will affect your individual stores. Our systems aggregate demand impact data that will influence your customer’s grocery needs. Understanding how events influence your business will allow you to improve forecasting accuracy, increase your inventory flexibility, and accelerate results by planning for real-world demand.

01

Get demand insights at scale

Track which events are going to drive customers to your stores across all locations.

02

Explore demand causal factors

Analyze different events to understand how they affect incremental (increased) and decremental (decreased) demand.

03

Plan for Unscheduled Events

Make sure that you have a plan in place for when impactful unscheduled events occur.

01

Get demand insights at scale

Many businesses understand that events impact demand, but for grocery stores, quantifying this is exceptionally tricky. It’s difficult to correlate specific events to demand for products when you don’t have insight into every event occuring around your stores. Tracking these insights across many stores and locations makes this even harder. PredictHQ’s demand intelligence provides a single source of truth for demand impact data, so you can know which events will impact inventory levels, assortment planning and resource schedules.

02

Explore demand causal factors

PredictHQ tracks 19 event categories so you can know which factors influence your stores and customers. Use PredictHQ’s 5+ years of historical data to find patterns with your own internal knowledge base to identify which events cause high demand days, specific product out-of-stocks, and more.

You could find that School and Public Holidays drive more people to your stores, that severe weather leads to increased demand for canned goods and beverages, or that sporting events lead customers to buy more barbecue supplies.

03

Plan for Unscheduled Events

Shift your strategy to be proactive, not reactive, when unscheduled events impact your customer needs and store operations. It’s hard to predict disruptions such as severe weather and health warnings ahead of time. Historical data and trends can give you insights into how these kinds of events impact your stores and customers. Combining this with future-looking data means you’ll never be caught off guard by unscheduled events again. You can develop strategies to ensure that you’re never left without a game plan when you experience operational disruptions.

Customer Stories

Trusted by Fortune 500 companies

Companies like Uber, Domino’s, and Amazon Alexa use PredictHQ's event data. Incorporating demand intelligence is a priority for any company in a competitive market.

Labor forecasts are 98% accurate, and thanks to machine learning, the forecasts continually get up to date, enabling organizations to make the best staffing and revenue decisions.
Read Legion’s Story

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