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Solution Found For Promotional Inventory Replenishment

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Promotions are Huge, That Doesn’t Mean Inventory Should Be

You’re very familiar with the importance of promotions, how they can make or break sales figures for the quarter or even the year. But an extremely successful promotion brings to light a challenge: Inventory Replenishment. While we often think of general retail for sales events to model, it is the grocery industry and their weekly promotions that highlight the pain in the promotion link of a supply chain. Let’s take a look at the root of the problem, and how the challenge can be overcome with ingenuity and technology to give you an edge over your competition.
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Great Sales Forecasting Equals Out of Stock

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Sales Forecasting is a measure of the market response; it is not a measure of market demand. However, the problem with this is that simple; the most accurate sales forecast is only a measure of market response to what is available. This is not accurate when considering future market demand. Issues with constrained supply, service levels, price, and promotion are not analyzed correctly.  Yet, this is why sales forecasting is responsible for out-of-stock and overstock in many companies.
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Is your Promotion Planning and Execution Process Out of Date?

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Promotions are Vital for Greater Revenue and Reduced Inventory

In-Store trade promotions are the lifeblood of the supermarket industry and discount retailer. Trade promotions include products featured in ads and in-store circulars, products displayed on end of aisle caps or away from their normal shelf location, and products with temporary price reductions. They create Trial and Repeat Purchases AND create all important Impulse Sales. You know impulse sales; they are all of those items you purchased that were not on your shopping list!

According to a recent study from The Nielsen Company, 42.8% of grocery purchases are sold on promotion, up from 40.8% a year ago. Drug stores, too, sell a significant portion of products on promotion, with 40.4% of sales linked to displays and/or features. Read more

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