How to use richer data for better supply chain planning in online retail
Bringing product view or customer behaviour data from website into your supply chain planning and analytics tool can be very useful.
Assortment planning for online retail
Traditional inventory management limits as to what you can sell, and what you can’t, no longer apply in e-commerce.
Supply chain planning in online retail
I’m often asked how online retail affects supply chain planning. Although the basic rules are the same, there are indeed a number of differences.
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.
How can a retailer create meaningful forecasts for new products?
How does one create meaningful forecasts for new products when there is no sales history at all?
Does demand forecasting for promotions have to be this cifficult?
Demand forecasting for promotions is a major challenge for retailers, not least because of the impact it has on driving sales.
Top challenges in demand forecasting
Forecasting future demand successfully is difficult. Find out from our blog what the big retailers listed as their hardest challenges.
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.