Aftermarket Analytics recently announced that it has entered into an agreement to offer consulting services to DRiV, a global aftermarket and OE ride performance supplier.
As per this new agreement, the company will be aiding DRiV by improving its demand forecasting and commercial processes.
According to Justin Holman, CEO of Aftermarket Analytics, the company is eager to work with DRiV. “We are pleased to provide DRiV with our expertise and proven solutions for accurately predicting product demand,” he says. “Our expertise in demand forecasting and proprietary tools consistently help companies get the right product to the right place at the right time.”
As stated by the company, Aftermarket Analytics released a web-based tool—Inventory Analyst—in 2018. This tool is designed to provide SKU level demand forecasts to aid aftermarket companies. The demand forecasts can be obtained by uploading their part catalogue and part-to-vehicle file to the tool. Previously known as TerraSeer, Aftermarket Analytics has been helping automotive aftermarket business for over eight years now to improve category management, enhance supply chain efficiency and drive profits by using its predictive models and data portals. Carquest, Mevotech and Advance Auto Parts are some of the company’s customers.
Aftermarket Analytics is offering a product suite at present that contains four components—Replacement Rates, VIO, Inventory Analyst and Supply Chain Commander.