The strength and weakness of transactional data is that it is historical. There is inevitably a latency between customer needs and supplier reactions. So, understanding demand and updating supply in a fast-changing environment means incorporating new data sources.

Bringing marketing data into the supply chain

Social listening is now used by marketing departments to assess how their brand is perceived and their marketing campaigns are being received. Within SO99+ there is a solution that brings this power of social listening to the supply chain team, correlating social sentiment with demand signals. A stochastic (probabilistic) demand planning system with embedded machine learning uses this data to improve demand forecasting.

These enhanced forecasting models can be especially helpful for new product introduction and promotions forecasting. For instance, we leverage a system called “Groover” that listens to social channels and gauges consumer sentiment to enhance supply chain planning. Groover uses natural language processing, a subset of artificial intelligence, to interpret the social communication, focusing on whether the sentiment is positive or negative. It can then look at the network impact, reach and location, producing a social index that can adjust future demand to account for current trends in the social network. This adds greater depth to the supply chain teams’ understanding of market movements and consumer demand patterns. 

“The flexibility of consultants during all this change was world-class … So far this project has gone far better than we ever could have imagined … We’ve actually managed to grow our revenue and reduce our inventory costs, so I’m very pleased.”
- Chris Clowes, Supply Chain Manager, Costa Express
"Brookes Retail has proven to be an ideal partner in helping O2 plan a supply chain that can respond to changes in demand"
- David Flaxten, Demand Planning Manager, O2 UK

Brookes Supply Chain Solutions

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use collaborative data from multiple sources for more accurate demand forecasting
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optimise in-store and warehouse inventory levels to reduce inventory costs
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improve demand forecast accuracy using signals from data and AI, including seasonal variations, long tail and intermittent demand products
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reduce out-of-stocks and increase on-shelf availability

About Brookes Supply Chain Solutions

Brookes Supply Chain Solutions, the official UK distributor of ToolsGroup SO99+ supply chain software, brings together the best supply chain people, processes and technology to create sophisticated, highly automated demand-driven solutions which deliver measurable and sustainable business value.

We offer market leading consultancy, software and managed services for inventory optimisation, demand forecasting and product replenishment planning.

We understand the challenges enterprises face in a digital economy with high customer service and investor performance expectations.

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