Sparkfun makes thousands of electronics components and grows year by year. They have two strong demands from their production scheduling system:
- Never go out of stock
- Don’t overproduce an item (storage space constraints)
Improving upon their existing system Royalty Analytics developed prediction models and educated Sparkfun’s internal resources on the subject
of time-series predictions.
Our jointly produced aggregate (bottom line) revenue predictions were far superior to their existing predictions and our product by product predictions were able to predict 8 weeks sales numbers accurately for much of