COVID-19 iERP Response

COVID-19 is rapidly spreading with almost 3 million humans being infected and billions of humans being affected by restrictions all around the globe. Weekly reported increases of new cases in Europe, United States, and other countries are near to 40% so understanding of the distribution of COVID-19 and prediction on business impact is one of the key challenges for executives and business owners all around the world. Estimation of inventory demand during and after COVID-19 is becoming one of the crucial abilities for companies in order to quickly adapt to the changing environment of worldwide supply chain management issues.

The Global Hack hackathon fighting COVID-19 was a great opportunity for iERP to build a tool with automatic update of business risk calculation for executives and business owners. We continue our fight with Corona on EUvsVirus hackathon where we are creating a new iERP webpage and survey which will help us to better understand most critical issues businesses are experiencing during COVID-19 crises. This will have a direct impact on the development of our product as we want to help businesses not only to survive but also grow at the time of crisis.

Result of The Global Hack hackathon is presented in visualised charts on website www.businesswithcorona.com. Business risk calculation consists of several factors and it is updated daily for the majority of the countries.

Indicators considered in actual and predicted business risk calculation are Workplace closing, School closing, Cancel public events, Close public transport, Public information campaigns, Restrictions on internal movement, International travel controls, Testing framework, and Contact tracing.

So what are we planning to do with Corona business indicators?

iERP platform is using machine learning algorithm to predict optimal order quantities and it compares predictions with actual inventory levels, ordered quantities and prepares for companies personalized reordering suggestions. iERP is currently working on the improvement of predictions by incorporation of business COVID-19 indicators to inventory demand forecasting platform. This will help to generate more precise predictions at times when business uncertainty is one of the main topics in the business world. Incorporation of COVID-19 factors is enabling companies to be more flexible and accurate on inventory demand prediction in COVID-19 situation.

We need your expertise!

COVID-19 INVENTORY DEMAND FORECAST QUESTIONNAIRE

Our startup is currently doing market research on main general issues businesses are experiencing in inventory demand forecasting and also how COVID-19 affected them in these difficult times. We would be glad to know your expert opinion on this topic. Please fill in our 5 minutes questionnaire related to inventory demand forecasting. We will be publishing results to all participants and on our webpage so stay tuned!


We need your expertise!

5 minutes questionnaire on how COVID-19 is affecting your business

COVID-19 INVENTORY DEMAND FORECAST QUESTIONNAIRE

Our startup is currently doing market research on main general issues businesses are experiencing in inventory demand forecasting and also how COVID-19 affected them in these difficult times. We would be glad to know your expert opinion on this topic. Please fill in our 5 minutes questionnaire related to inventory demand forecasting. We will be publishing results at the end of EUvsVirus hackathon, also to all participants and on our webpage!