We always had problems with collecting market data and information about our competitors. Even after we got the data, we had to convert it to a common format, then integrate it into our workflow. Making decisions was often guesswork.
You created a simple and elegant system that no packaged software could do. This way, we can make better pricing decisions, resulting in more sales.
Csaba KökényFarmmix Kft. is a company dealing with the retail and wholesale trade of pesticides, seeds, fertilizers, gardening tools, and machines in Eastern Hungary in 10 locations. They wanted a simple and quick solution to forecast their demand. It's important that due to the nature of agriculture, there was a huge seasonality in the demand for the products.
What we did is we pulled in the last 3 years of sales data for each product. Then we calculated a reliability score for each product, which indicated how variable the demand is for the product. Then based on the score, the current stock, and the current date, we returned a suggested order amount for these products.
Using this new system, they stopped ordering products they had surplus of, while they stocked products just before the forecast showed a rise in demand. This way, Farmmix could increase the sale volume for many products by up to 72%.