Midsize companies often lack insight into whether they are losing sales to competitors or have an opportunity to increase sales in an overlooked product line. That’s because external demand data often is housed in multiple, complex solutions, making it difficult to understand demand metrics outside of historical sales.
CohnReznick’s Inventory Demand Analysis solution gives clients the insights they need to make strategic inventory decisions. At its core is an inventory demand analysis solution that centralizes data from multiple internal and external systems. This allows clients to develop analytical visualizations, making demand trends easy to identify and act upon.
Our solution builds on industry standards to provide snapshot reporting, on-demand metrics, and analysis on outside demand factors through demand repository. Customized to your business’ needs, it uses analytics to create centralized KPIs, reliable metrics, and actionable insights.
We use inventory analysis, demand variability and COGS Analysis to establish a complete picture of demand metrics and analysis of external demand factors. High-level visuals track sales, sales volume, lead times, inventory value, Inventory volume, and Inventory item web page views. With drill-down capability into dates, SKU, customer silos, and transactions, users can glean customized, data-driven insights to help make insightful demand decisions.
Additional metrics analyze outside demand factors through demand repository. 'Added demand' is calculated by tracking and weighting customer identified external demand through several key measures. These create the 'theoretical cumulative demand' to help analyze which parts the user is not stocking but should, should stock more of, and is keeping up with demand.