Demand Forecasting
Challenges answered
Are you struggling with high or unbalanced inventory levels?
Do you have problems accurately planning merchandise order timing and quantities?
Do you lose time changing plans due to unexpected lost sales?
Advantages
Quick to set up, typically requires 2 weeks to initiate (may vary depending on historical data quality)
Requires little to no forecasting, data science and statistical expertise from retailer’s teams
Fast ROI with weekly forecast data shared back to merchandising, supply chain and planning teams
Benefits
Improved inventory levels across the enterprise
Retailer has a scientifically calculated forecast to rely on for decision support
Improved reactivity time for dealing with unexpected changes in sales volume