Building A New Demand Forecasting Product25th March 2020 in Portfolio
Who Was This Built For?
TradeGecko is an inventory management platform that helps small and medium enterprises to build the business of their dreams.
What Did We Build?
Demand forecasting helps business customers reduce out-of-stock situations and inventory risk from over-ordering by answering two questions:
- How much stock should I order?
- When should I order?
Why Did We Build it?
Fast growing eCommerce and wholesale businesses are challenged with balancing their inventory correctly. Money is left on the table when they are go out of stock but too much hoarding locks up cashflow.
We saw this as an opportunity to build a better moat by moving from just being a 'system of record' to a 'system of intelligence'.
How Did We Do It?
We validated early demand through customer surveys, interviews, and free tools that gave value to new leads.
To ensure we solved the right problem and align the design of our product with our users workflow, we used design sprints to build a prototype together with our target customer segment.
Keen To Learn More?
This portfolio entry was meant to give a quick introduction to this project.
If you are curious about the product strategy, business model, and more, drop me a message below👇