Good forecasting is like having technology’s answer to a crystal ball. Except rather than offering a misty view of the future, forecasting takes a crystal-clear analysis of the past, based on good, hard data and applies it to future seasons, promotions and product launches.
Some companies see forecasting as difficult, expensive or as little more than guesswork. None of these are true. RELEX offers a range of forecasting models that can be adapted and implemented to best reflect the nature of your business.
We’ve managed to reduce clients’ inventories by up to 30% and yet increase shelf availability and maximise sales opportunities while slashing residual, post-season stock and freeing up managers’ time. RELEX systems take the strain and do the number crunching, allowing managers to manage stores, colleagues, promotions and customers – which is just how it should be.
- Sales forecasting has a direct impact on the level and quality of service experienced by customers as well as the economic viability of a company’s operations.
- Sales forecasting is an integral part of careful sales planning, and creates a solid foundation for profitable sales.
- Sales forecasting is a lot easier than you think. The question is not ‘Can my company afford to invest in developing forecasting procedures?’ but ‘can it afford not to?’
Case studies
- Case Sinebrychoff: Quantitative forecasting to boost production
- Case Suomalainen Kirjakauppa: Forecasting and replenishment of seasonal products: Case Christmas
RELEX Whitepapers
- The Christmas Supply Chain: More ‘Ho Ho Ho’, less ‘Oh No No’
- Long distance and low cost vs. short distance but flexibility. Why not combine the best of both worlds?
- Lightning Reactions! Using POS data in your supply chain to react faster to changes in demand!
- Less work, better forecasts: More efficient and accurate demand forecasting with quantitative forecasting tools!
- The quest for the lost crystal ball: Busting some myths about sales forecasting!
