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