Written By: Pete Kornafel Most people in the automotive industry are painfully aware that the US recession created huge swings in new vehicle sales a decade ago. New vehicle sales in the US exceeded 16 million units per year from 1999 through 2007. New vehicle sales fell to about 13 million in 2008 and 10 million in…
Continue ReadingCheck Out the Q&A with our CEO Justin Holman in Aftermarket Business Word. Earlier this year, Aftermarket Analytics in Pueblo, Colo., launched its Inventory Analyst tool – a web-based software to help aftermarket companies improve inventory planning. Company CEO Justin Holman recently discussed the new product with us and talked about the challenges of inventory…
Continue ReadingDiscover in 90 seconds how you can increase accuracy and improve your margins. 10 features of Inventory Analyst, our demand forecasting software solution 10. Now you can generate accurate SKU level demand forecasts 9. Cloud based software. Available on the web. Anywhere at anytime 8.Simply upload your part catalog and P2V files for SKU level…
Continue ReadingJustin Holman (CEO) was delighted to present on the Lets Tech stage at AAPEX 2018. The topic of his presentation was “Data Science & Technology for demand forecasting in the Aftermarket”. Watch the 1 min 44 second summary below featured on AAPEX TV. https://aapextv.com/list/lg1IwOCf/video/ctKqpal1/lets-tech-sessions-at-aapex-18 For more information or to arrange a demo please contact Shawn…
Continue ReadingTake a look at the great article and interview by Brian Albright for searchautoparts.com and Aftermarket Business World. Automotive sector expands investment in inventory analytics With the number of SKUs expanding and more and more companies moving to an omnichannel model for parts sales, inventory planning and demand forecasting in the aftermarket has become increasingly…
Continue ReadingOne of our first clients in the Automotive Aftermarket was a manufacturer of replacement parts. They had developed their own in-house methodology for generating inventory stocking recommendations for their customers. They didn’t need us to reinvent the wheel. But, they had problems applying their methodology efficiently. They had built their system in Microsoft Excel and…
Continue ReadingIn my last post we looked at the population of Honda Accords in New York. We calculated a few descriptive statistics and examined a few data distributions. This helped us get to know the Honda Accord population in New York but there’s a lot more we can do to understand this potential population of aftermarket…
Continue ReadingWhen it comes to forecasting the future I like to think of two quotes from one of the smartest people I’ve ever worked with (the quote may not be precise but hopefully you’ll get the idea). 1. Forecasts are always wrong. 2. Forecasts with longer time horizons are always worse. David Simchi-Levi brilliant MIT Professor…
Continue ReadingWHAT IS THE AUTOMOTIVE AFTERMARKET? If you own a car, there’s a high chance you’ve had direct experience with the automotive aftermarket, whether you realize it or not. Anyone who has had to repair a windshield, replace brakes, purchase new tires, or even buy windshield wipers has participated in the automotive aftermarket, as has anyone…
Continue ReadingA severe outbreak of cholera was ravaging the Soho neighborhood of London during the summer of 1854. While city leaders and health officials struggled to determine the source of the outbreak, a physician named John Snow had a groundbreaking idea: he used a map of the neighborhood to plot cases of cholera. Ultimately, his method…
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