Retail is impacted by many factors, such as weather and cannibalization, that can be taken into account with the help of machine learning.
This white paper shows how accurately forecasting for short lifecycle products is possible through intelligent statistical modeling that uses data from previous product introductions.
Sales promotion of one product impacts not only the sales of that product, but also products not in promotion.
Weather is a source of significant fluctuations in consumer demand. In this whitepaper, we’ll look at how retailers can optimally prepare for them.
Accurate forecasting is at the core of increased operational efficiency as it is key to accurately match resources, such as stock and personnel, with demand.
Moving from a traditional category-based model to using causal methods increases promotion forecasting accuracy and supports promotion planning.
How RELEX combines time-series, regression and machine learning forecasts for best results? Take a look at the different forecasting approaches that can be used to achieve great levels of accuracy in diverse situations.
Ask managers what causes them the most problems in the consumer product supply chain – and the most common answer you’ll get is “promotion management”.
In this whitepaper we take a look at how to optimize for the holiday season and draw lessons for year-round seasonal management.
This article takes a look at the impacts weather can have on demand and how to take different scenarios into account.
As sales fluctuate significantly day to day, precision with fresh food is only possible through accurate daily forecasting and daily replenishment.
Given tight margins spoilage reduction can easily add 25% to typical retail profits on food of roughly 2% of turnover.
Supply chain integration has been talked about for so long, and has had so much promised on its behalf that, frankly, it’s easy to tune out.
This article explains how data systems affect the execution of S&OP processes.
It is possible to measure the value of POS data in a meaningful way. In my doctoral dissertation I examined a number of product launches by two suppliers.
Seasonal inventory management is not easy. However, there are many companies who have managed to turn it from a problem into an opportunity.
In grocery retail, approximately 3.9% of revenue is lost due to stock-outs and it is estimated that the situation is even worse in specialty retail.