Why do forecasting and replenishment have to be such a pain?
Over the years almost every single retail initiative has had forecasting and replenishment at its core.
Over the years almost every single retail initiative has had forecasting and replenishment at its core.
So! With our tenth anniversary celebrations having come and gone it feels like a good moment to look back over the journey so far.
If there’s one nation in Europe with whom the British are given to comparing themselves it’s the Germans.
People are fickle, not wholly rational and make different decisions at different times. However, people are predictable in most of their buying decisions.
Demand forecasting for promotions is a major challenge for retailers, not least because of the impact it has on driving sales.
One of the most established assumptions in inventory management is that stock holding needs to rise steeply as you increase availability.
Manual forecasting generally produces results whose accuracy is, rather questionable. However it can be of benefit in certain situations.
What is the biggest cost in your business? It may seem obvious but this message is as true today as it was all those years ago.