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Parex Forecasting

Future-proof your forecasting

Now more than ever, maintaining a highly accurate and efficient parts inventory system is critical to business success, and customer satisfaction. Parex Forecasting connects Dealers with OEMs to fully automate the stock replenishment process. Parex Forecasting analyses sales history, order demand, and other data points to recommend parts orders for Dealers. This enables Dealers to maintain optimal inventory levels while reducing the risk of stock shortfalls.

Dealer Part Demand History

Dealer Part Classifications

Dealer Stocking Parameters

Automatic Dealer Forecasting

Recommended Stock Returns

Automatic Buyback Proposals

Your solution for deep parts market knowledge and precise stock control

Streamline stock and cut costs

Streamline stock and cut costs

Hold The Perfect Amount Of Stock

Plan ahead based on historical data, and accurate order recommendations. Reduce the risk of stock shortfalls to ensure your business can service your customers uninterrupted.

Increase Productivity

Service teams can spend less time waiting for parts, and more time servicing customers. Reduce unsold labour time, and get customers’ vehicles back on the road faster

Cost Efficiencies

Reduce inventory waste and parts obsolescence through hyper-accurate ordering. And have the backing of a guaranteed buyback period for unsold parts. Make better use of your department’s cash flow.

Keep stock moving

Keep stock moving

Enhanced Visibility

Improved access to dealer sales and replenishment data enables efficient inventory management, and production prioritising.

Deep Market View

OEMs can profile the stock holdings of specific dealers in particular market regions to better understand future market demand.

Tight Control of Stock Flow

Easily manage the availability of new stock hitting shelves, and old stock diminishing in supply to ensure equitable access to parts, and guaranteed customer satisfaction.

Features

Effortless parts forecasting

Parex Forecasting reduces the effort required by dealers to accurately forecast, and then order the parts they need; saving time and reducing the risk of waiting for parts while customers’ cars are sitting in the service department.

Effortless parts forecasting

Dealer Part Demand History

Collect dealer data and identify sales patterns to provide more accurate order forecasting.

Dealer Part Classifications

Analyse the details of each part so that they can be classified into groups determined by a given set of rules.

Dealer Stocking Parameters

A set of forecasting parameters that control the various factors that can be applied to an order.

Automatic Dealer Forecasting

Choose to manually forecast your inventory and orders, or set parameters for automatic ordering direct to OEMs.

Recommended Stock Returns

Analyse non or slow-moving stock to recommend stock returns.

Automatic Buyback Proposals

Reduce inventory waste with factory-guaranteed buyback periods automatically triggered and sent to dealers.

Find out more
See the full suite of Parex solutions and transform the way your business manages parts.