Today it is a matter of wise management to be able to get through the financial crunch of business. Such measures as this one undertaken by Advance Auto Parts should serve as a model for most auto companies, the need to address inventory management to avoid overstocking which may eventually lead to losses.
Similar to modern consumer products, the need to identify proper car parts as needed by consumers and car companies has to be addressed. Doing an analysis manually would be fine but why bother if you can get a software to help the auto parts business operate a wiser business model for proper inventory management and distribution of car parts.
Advance Auto Parts is using PASW Modeler (formerly Clementine) and PASW Collaboration & Deployment Services (formerly Predictive Enterprise Services) for market basket analysis and to help optimize its supply chain to accurately manage inventory at warehouses and individual stores.
Clearly, this is an important need in optimizing business operations. With the help of the SPSS Predictive Analysis Software, auto parts distributors can expect a reliable way of controlling their inventory and not overstock and encounter losses in the end.
(Source) Press
Tags: advance auto parts, analysis software, auto companies, auto parts business, auto parts distributors, business model, business operations, car companies, car parts, deployment services, financial crunch, inventory management, losses, market basket analysis, predictive analysis, software auto, supply chain, warehouses