Do You Make These Lead Time Mistakes Shoppers use technology today at a dizzying level to gain leverage over retail. Mobile phones offer limitless shopping options for products at the right price and place. Key to the shopper process is deciding where to purchase the product. This changing speed of retail decisions shortens the retail […]
Slow Demand products comprise 35-40% of most retailer assortments and cannot be eliminated. To profitably sail the Slow Demand Product seas, you must be equipped with a proper forecasting engine. You have taken an essential step in your destination to increase demand forecasting accuracy by providing a forecasting engine that utilizes the correct algorithm for […]
Is Your Demand Forecasting Solution Actually Leading to Profits? All retailers face the fact that demand forecasting products that move slowly and products that move intermittently during the year is required to grow profits. In fact, 35-40% of most retailer assortments consist of slow and intermittent products. While this may be well known, it is less known […]
Have you noticed the number of stores with Easter products still on the shelf? The irony is the result of demand planning and replenishment systems that do not understand seasonal events. Easter last year was in late April and this year in March. Inventory systems bought late and planned the inventory around a different time […]
The number of retailers and wholesalers closing locations continues to grow. Today the customer wants new choices every month. In the old days we could change products and assortments 2 times a year and then later that changed to 4 times a year. The internet of things (IoT) has redefined what is new and more […]
“Big Data” is a buzzword that means just what it says. With the boom of handheld devices, online shopping, and the Internet of Things, retailers now have access to nearly infinite amounts of data regarding their customers’ shopping habits. Further, all that data requires the right resources to collect, sort, analyze, slice, and dice to […]
Does Your Forecasting and Inventory Replenishment Software Prevent or Encourage Fires? How often I walked into the corporate office of my former employer and thought ‘whew, is it HOT in here’? Knowing I was headed for budget and planning meetings that were going to steal my day with the end obvious result: wrong products and […]