Better Inventory Management with Events

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.

The Challenge

Sufficient inventory levels can be challenging to pinpoint

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.

Our Solution

Optimize inventory management systems with intelligent event data

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.

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.

What is demand intelligence?

01

Aggregate event data and establish correlation

Uncover the catalysts causing demand fluctuations

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.

02

Predict future demand

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.

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 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.

curl -X GET "https://api.predicthq.com/v1/events/?q=Hawaii&category=severe-weather"
  -H "Accept: application/json"
  -H "Authorization: Bearer $ACCESS_TOKEN"

Customer Stories

Integrate PredictHQ and improve inventory management

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

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