Maintaining lean supply chains and appropriate inventory levels drives costs savings and maximize sales. Understanding how events impact demand will help you do both better.
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.
Inventory forecasting models can provide a general direction of stock levels. But unanticipated demand fluctuations are frequent, frustrating, and expensive. Many of these fluctuations are driven by events, yet without foresight, business supply chains are unprepared, causing waste and missed opportunities.
Discover which events impact demand for your products using your historical data and our seven years of verified historical event data. Then use our API to identify upcoming impactful events. Train your forecasting models using our API or operations managers can use our visibility platform or create event alerts that will impact inventory levels. Update inventory forecasting systems and adjust stock levels in advance to meet every fluctuation.
Aggregate event data and establish correlation.
Predict future demand with intelligent event data.
Adjust supply chain strategy and inventory levels.
Real-world event data is dynamic, diverse and often messy with duplicates and spam. PredictHQ solves these issues by verifying every event and standardizing our data. Our feature engineering identifies the aggregate event impact of historical events so businesses can see the relationship between events and their historical demand in minutes.
After correlation is identified, businesses gain visibility into which event categories impact their business most. Use the PredictHQ API to train your inventory forecasting models or equip your teams to know the amount of inventory you should have on hand at all times. You can also use Notifications to get alerts on when relevant events are scheduled or updated.
The right amount of inventory is crucial to any business. You can miss out on revenue when stock runs out and lose money when there’s excess stock. Let demand intelligence guide you to better understand demand anomalies so you can adjust your supply chain strategy and perfect your inventory count.
Learn how customers are integrating demand intelligence into their forecasting models and seeing value.
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 Data teams rely on high-quality data to understand market conditions across all industries. Demand intelligence is designed to seamlessly plug into current forecasting models and improve the output
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Identify demand drivers to package, price and update load factoring long before seats start selling.
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Improve your forecasting accuracy for grocery store inventory.
Enhance staffing predictions and workforce optimization strategies with external demand data.
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.
Delivery Optimization
Visualizations & Insights
Event Visibility
Workforce Optimization
Dynamic Pricing
Demand Forecasting