eCommerce growth through smarter forecasting

Very! We would expect that in normal trading conditions, the demand forecast is accurate to within +/- 15% on product sales and order volume. By analysing product sales and order volume, the system ensures reliable predictions that enable businesses to maintain optimal inventory levels and meet customer demand. Accurate forecasting is crucial for reducing stockouts, preventing overstocking, and ultimately improving the customer experience.

Yes, forecasting data stored in the fulfilmentcrowd platform is accessible via an Open API, allowing seamless integration with your existing systems. This enables you to access real-time data, ensuring you can make data-driven decisions quickly and respond to market shifts with agility. Real-time updates help you maintain efficient supply chain operations and optimise inventory management while staying ahead of demand fluctuations.

Expect a major impact. Many growing companies tend to overbuy to avoid stockouts and ensure they never run out of products. However, forecasting software is a far more effective approach for inventory management. By leveraging advanced algorithms and analysing past sales data, forecasting can predict demand trends more accurately, helping businesses maintain optimal stock levels. This ensures the right amount of stock is ordered at the right time, reducing the risks of both stockouts and overstock situations, which ultimately leads to better cash flow and reduced costs.