Demand Forecasting and Inventory Management
Some of the most successful retailers are using analytics for reducing stock outs at retail locations. Retailers are starting to understand how analytics can be leveraged to provide several quantifiable benefits: reduced stock outs, reduced inventory levels, optimized delivery schedules, and more efficient ordering process.
Inventory turn is a key metric in any retail business. The faster the goods move in and out, the more money an organization will make. Therefore, anything that can
“shorten the supply chain” or get rid of slow moving items will improve profits. Our goal is to help take the kinks out of your supply chain.
We have developed the Ergenomics Demand Forecasting Models which help you understand all of the different variables that are impacting your business. Many can be obvious while others are only detected through a sophisticated sifting and modeling of the data. For example, we have found in some instances that looking at the data over a 24 month period identified some key fraud issues that went undetected using the retailer’s 12 month analysis. This single analysis saved this retailer over $20M dollars in waste. From our experience, a 5% accuracy increase in forecasting for a $9b retailer will add another $60M in revenue. Our Ergenomics Demand Forecast Modeling leverages the power of both the latest technology and the analytical strength of our 10+ PhD economist analysts.
About Ergenomics:
Founded in 2008, Ergenomics is a private, boutique-style provider of enterprise-level solutions within the disciplines of analytics and technology services. Our focus is on data-driven business solutions that strengthen the relationship between a company and its existing customers. Our team consists of PhD economists, predictive analysis specialists, and senior business executives that deliver tailored solutions to improve the bottom line for customer centric companies in the areas of retention, cross-sell, attrition, risk management, profitability profiling, value enhancement, activation, marketing optimization, and loyalty.
Affiliated partnership agreements with SAS, SAP, Teradata, and Accenture, among others, ensure world-class solution delivery for our clients. Our services include readiness assessments, business analysis, marketing optimization, data management, CRM analytics, customer insight, and risk management. Our ultimate goal is to enable organizations to implement advanced business intelligence and insights.