Take 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 complex. Companies are turning to advanced analytics tools to help make more accurate and faster inventory decisions. IndustryARC predicts that automotive data analytics market will reach $3.81 billion by 2023, with a compound annual growth rate of 15.4 percent. That growth will be fueled, in part, by the increasing amount of data available from autonomous and connected vehicles or telematics systems.
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Aftermarket Analytics Launches Inventory Analyst
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The Greensheet Issue #18-18 (Full) _ The GreenSheet (1)
By now you’ve likely heard the news that Amazon wants a big slice of the aftermarket auto parts pie, and that Amazon has already made deals with some large parts manufacturers — Federal-Mogul and Bosch being a couple of these companies. We have had over a week to digest this news; admittedly it was received with some alarm at first. After all, the thought that this online e-commerce behemoth could chew up and spit out our neighborhood parts stores was a bit shocking.
Many of us, if not nearly all of us, have purchased items from Amazon and may order from Amazon on a regular basis.