Predict the unpredictable in supply chain management
People are fickle, not wholly rational and make different decisions at different times. However, people are predictable in most of their buying decisions.
Does demand forecasting for promotions have to be this difficult?
Demand forecasting for promotions is a major challenge for retailers, not least because of the impact it has on driving sales.
Stock availability versus stock value – What’s the trade-off?
One of the most established assumptions in inventory management is that stock holding needs to rise steeply as you increase availability.
When to use manual forecasting or forecast corrections
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?
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.