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. Understanding the distribution of COVID-19 and predicting the impact on businesses, 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 most crucial abilities for companies, in order to quickly adapt to the changing environment of the worldwide supply chain management issues.
The Global Hack Hackathon is fighting COVID-19 and was a great opportunity for iERP to build a tool with an automatic update of business risk calculations 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 the most critical issues businesses are experiencing, during the COVID-19 crises. This will have a direct impact on the development of our product, as we want to help businesses not only survive but also grow at this time of crisis.
Results of The Global Hack Hackathon are presented on visualised charts on their website www.businesswithcorona.com. Business risk calculations consist of several factors and it is updated daily for the majority of the countries.
Indicators considered in actual and predicted business risk calculations are workplaces closing, schools closing, canceled public events, closed public transport, public information campaigns, restrictions on internal movement, international travel controls, testing framework, and contact tracing.
The iERP platform is using a 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 the incorporation of business COVID-19 indicators to the 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 this COVID-19 situation.
Our startup is currently doing market research on the main general issues businesses are experiencing in inventory demand forecasting and also how COVID-19 affected them during these difficult times. We would be glad to know your expert opinion on this topic. Please fill in our 5-minute 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
Would you like to learn more about our Covid Response?
READ THE REPORT
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!