Most of the internal and external data used by raw material buyers belongs to the category of streaming data, or "time series": time stamped, sequentially revealed, with the time factor a critical part of the message.
Datapred's market dynamics module and demand prediction module use a proprietary, award-winning time series modeling engine. Notable benefits include:
For cost/constraint optimization and purchase order suggestions, Datapred include an optimization engine built on top of OR Tools, an open-source optimization suite maintained by Google.
Datapred's "secret sauce" in that respect consists in:
But the basic genericity of OR Tools is preserved, meaning that Datapred can integrate any business rule or optimization model you may already be using.
Datapred is a modular software, and users with data science competencies can take advantage of that modularity to play with the market analysis and the optimization engines, using a standard Python console: