Global manufacturers are navigating unpredictable supply chains, volatile demand, and rising costs. Without external data, even the most sophisticated inventory systems fall short—leaving businesses exposed to stockouts, overstock, and missed revenue.
External Data Makes Inventory Smarter
By integrating third-party data like supplier performance, economic indicators, and market demand trends, manufacturers can:
✅ Predict product demand and avoid costly overstock or shortages
✅ Monitor supplier risks and adjust inventory plans in real time
✅ Align production schedules to shifting market conditions
✅ Improve forecast accuracy and reduce operational inefficiencies
How It Works
🔹 Time-Series Analysis: Forecast demand using external economic and market data
🔹 Monte Carlo Simulation: Model risk scenarios and optimize safety stock
🔹 Competitor Insights: Monitor market shifts to anticipate inventory changes
Real-World Impact
Aliaxis Corporation, a global manufacturer, used a mix of internal and external data to forecast demand with greater accuracy—reducing excess inventory while ensuring product availability during key market cycles.
Ready to Unlock Inventory Efficiency with External Data?
External data can transform your inventory strategy from reactive to predictive. Want to explore the right data sources for your supply chain?
📩 Let’s talk about how Blue Street Data can help you build a smarter inventory system.