Better Inventory Management with Events

Maintaining lean supply chains and appropriate inventory levels drives cost savings without missing out on sales. Use demand intelligence to understand the 'why' behind impactful surges or disruptions.
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The Challenge

Sufficient inventory levels can be challenging to pinpoint

Inventory forecasting models can provide a general direction of stock levels. But when demand fluctuates and anamolies occur, business supply chains are not prepared, resulting in waste and missed opportunities.

Our Solution

Optimize inventory management systems with demand intelligence

Demand intelligenceidentifies demand catalysts based on intelligent event data so you can know future demand fluctuations before they happen, and prepare. Many teams can access and use demand intelligence. Technical teams can add these demand causal factors to train their models for more accurate forecasts while operations managers can create event alertsthat will impact their inventory levels. Update inventory forecasting systems and readjust stock levels in advance to meet every fluctuation.

01

Correlate

Aggregate event data and establish correlation.
02

Predict

Predict future demand with intelligent event data.
03

Optimize

Adjust supply chain strategy and inventory levels.
01

Aggregate event data and establish correlation

Uncover the catalysts causing demand fluctuations

Real-world event data is dynamic, difficult to standardize, and often messy with duplicates and spam. PredictHQ solves these issues and identifies the aggregate event impactof historical events so businesses can correlate to their historical demand in minutes.

How we correlate
02

Predict future demand

After correlationis identified, businesses gain visibility into which event categories impact their business most. Use the PredictHQ API to train your inventory forecasting models to know the amount of inventory you should have on hand at all times. You can also use Notificationsto get alerts on when relevant events are scheduled or updated.

Explore the API
PythonCurl
import requests

response = requests.get(
  url="https://api.predicthq.com/v1/events/",
  headers={
    "Authorization": "Bearer $ACCESS_TOKEN",
    "Accept": "application/json"
  },
  params={
    "q": "Hawaii",
    "category": "severe-weather"
  }
)

print(response.json())
03

Optimize inventory and create leaner supply chains

The right amount of inventory is crucial to any business. You can miss out on revenue when stock runs out or lose money when there’s excess stock. Let demand intelligence guide you to better understand demand anomolies so you can adjut your supply chain strategy and perfect your inventory count.

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Customer Stories

Integrate PredictHQ into your demand forecasting and get results

Learn how customers are integrating demand intelligence into their forecasting models and seeing value.
Customer Stories
Thomas Joseph
Head of Data Science, 
Legion
Thomas Joseph
Head of Data Science, 
Legion
Don't underestimate how much effort it takes to work with event data... Being able to rely on a company whose sole purpose is to remove the ambiguity of event data has been game-changing for us.
Read Legion’s Story

Optimizing inventory based on your industry

Your inventory management strategy can define your success. Here’s how businesses can use PredictHQ as breakthrough context to update their models.
  • Retail

    Predicting foot traffic allows retailers to make strategic decisions around sales and promotions.

  • Aviation

    Understanding the demand impact of future events allows airlines to proactively adjust pricing.

  • Accommodation

    Anticipating booking curves with event day can increase RevPar and have product boosts of 25%.

  • Transportation

    Adjusting prices based on forward-looking demand can maximize driver supply and increase profits.

    How else can I use PredictHQ?

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