Growth strategies

Aftermarket Analytics updates web-based inventory tool

Updated Inventory Analyst ScreenshotAftermarket Analytics has updated Inventory Analyst, its web-based tool to help aftermarket companies generate SKU-level demand forecasts. The company’s new VIO model has been enhanced beyond the county level down to the ZIP code level, according to an announcement.

“Aftermarket Analytics has combined actual vehicle registrations and other demographic data in statistically sound ways to produce a detailed U.S. VIO database. This includes corrections to raw VIO data for anomalies such as single registration locations for widely dispersed large fleets, and more,” says Pete Kornafel, a consultant to Aftermarket Analytics and the author of “Inventory Management and Purchasing.”

Kornafel adds, “They have also derived a number of replacement rate models for a variety of aftermarket parts. Effective inventory management requires accurate SKU-level demand forecasts. VIO and replacement rates are vital inputs for these forecasts. Aftermarket Analytics provides all this with​ ​affordable, intuitive, cloud-based software interfaces to assist aftermarket inventory management efforts.”

Justin Holman, CEO of Aftermarket Analytics, says the company is excited to offer a variety of flexible pricing solutions that are affordable and simple to use and fit the needs of the aftermarket industry.

“Earlier this year we announced the availability of Inventory Analyst, with VIO at the county level. We have refined our VIO model to include U.S ZIP codes,” says Holman. “Our customers tell us that our demand forecasting software makes inventory decisions much easier and more affordable than ever, which is a valuable and exciting development for the industry.”

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