Optimize Demand Forecasting, Planning, and Inventory Investments

The objective of implementing any advanced analytics solution should be to solve a business problem. Typical inventory challenges include multiple forecasts and plans, insufficient and outdated information, as well as inadequate tools to support proper inventory planning. These issues result in lost sales and/or excessive inventory investment. Further, retailers and consumer goods companies are seeking help with eroding profitability and margins caused by trying to control inventory with price as well as through accommodating new fulfillment requirements.

Moreover, many clients admit that the existing data needed to optimize their inventory investments is overwhelming. We often encounter companies challenged with too much or not enough data, the data they do have is not clean, and it comes from disparate sources.

Solution Overview

Parker Avery’s Demand Intelligence can help mitigate inventory and planning challenges quickly and cost-effectively.

  • Provides a workflow-guided solution for demand planning that promotes visibility and collaboration throughout the organization

  • Uses artificial intelligence (AI) and deep retail and consumer goods expertise to produce a meaningful, market-adaptive forecast that drives inventory investment decisions

  • Quickly provides a significantly improved demand forecast to use as a single starting point for estimating demand across all functions in the enterprise

  • Promotes exception-based management that reduces manual tasks and allows planners to focus on value-adding activities

  • Incorporates data governance best practices to ensure a solid data foundation as well as sophisticated data harvesting science to account for missing data

  • Enables realization of substantial financial results, specifically in revenue growth, fill rate improvement, and increased inventory turns

Solution Highlights

Click or hover on the screenshots below to understand more about Parker Avery’s Demand Intelligence user experience and functionality.

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Demand Intelligence Results

Within the first few months of implementing our platform, Parker Avery clients have realized substantial financial results:

  • 3 to 4% in revenue growth

  • 10 points in fill rate improvement

  • 3 to 4% increase in inventory turns

These benefits continue to improve and are realized through enabling companies to:

  • Accurately predict future consumer demand
  • Quickly react to customer preferences across selling channels
  • Identify and proactively respond to trends
  • Detect and prioritize actions for near and long-term planning

Success Factors

The backbone of Demand Intelligence is Parker Avery’s advanced analytics platform that uses sophisticated machine learning modeling with differentiating capabilities. With an open-source architecture, the platform provides a stable and accurate demand signal across hierarchy and time.

Advanced data hygiene processes ensure that anomalous behavior, as was witnessed during the COVID-19 pandemic, does not adversely affect forecast accuracy. Further, our highly scalable solution is designed to process billions of time series quickly and efficiently.

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Why Parker Avery?

For over two decades, our team has been building advanced analytics systems that drive successful demand planning and inventory investments across some of the world’s largest retailers and consumer brands. We continue to make advances in forecasting through deep data science expertise as well as through partnerships with consumer brands, retailers, and academia.

Complementing our Demand Intelligence platform, Parker Avery’s consulting professionals have deep leadership-level experience within the retail and CPG industries. Our deep expertise in merchandising, planning, omnichannel, and supply chain holistically informs enhancements to our Demand Intelligence platform to ensure it continues to solve real business challenges. Where needed, our team brings leading business process expertise and change management tools to ensure adoption and sustainment of new capabilities.

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Case Studies

We invite you to read a few of our latest client case studies focused on Parker Avery’s analytics services. For a full understanding of our experience, please visit our Case Studies page.

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