Aftermarket Analytics (Pueblo, CO) has launched Inventory Analyst (IA), web-based software designed to help aftermarket companies with inventory planning. The goal is to help companies turn massive amounts of data into actionable knowledge, Aftermarket Analytics CEO Justin Holman said. The company designed IA primarily for parts manufacturers that distribute in the United States, but thinks retailers and distributors may find value as well.
“Inventory Analyst provides an affordable solution for companies of all sizes who want help solving their supply chain efficiency challenges,” Holman said. “It’s no secret that excess inventory has eroded industry profits, which means suppliers must improve their sales forecasting and inventory planning activities.”
IA includes demand analysis at the county and ZIP code levels, as well as vehicles in operation (VIO) data, and allows users to develop customized replacement rate modeling forecasts by year, make and model. Users pay a monthly subscription fee.
Aftermarket Analytics was established in 2012 as a subsidiary of TerraSeer. It also offers custom software development and data analysis services.
Over the past several years, the company has worked with various aftermarket companies, including Advance Auto Parts, Affinia, Brake Parts Inc., Carquest, Federal-Mogul, Remy and Tenneco, Holman said.
Prior to becoming CEO, Holman consulted with aftermarket companies for about a decade. He managed corporate consulting for the Strategy & Analytics division at MapInfo Corp. and served as vice president of software development at LogicTools, which was acquired by IBM‘s supply chain application software group.
Other team members include Chris Harman, director of software development, and Robert Valentine, director of data analytics.