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If you only look at one demand forecasting metric ever, it should be demand deviation. As you'll see in this video tutorial, demand deviation is the #1 value influencing your profitability. Take a look at some of the most successful and strategic...
You always knew you didn’t care for items with long lead times, but you could never fully express why. Let this Lead Time - Service Goal % Heat Graph illustrate your pain: How to read this heat graph Heat graphs are great...
In Part 2 of this series, we talked about how ridiculously time consuming it is to conduct inventory management tasks manually. We discussed the reasons for this and shared how inventory automation is making life easier for demand planners...
So, you want to be a really effective inventory professional? Do you want your inventory team to be the most admired group in the company? Here are the top 7 areas where you can personally up your game and...
Part 2: AI in Supply Chain Planning and Demand Forecasting Welcome back! Earlier, we talked about the shortcomings of Distributed Order Management (DOM) systems as a standalone demand forecasting strategy, and why you should start your forecast at the point...
Modern Retail is Shrinking Our Ability to Make Balanced Inventory Decisions
In the old world of replenishment, retail and wholesale inventory teams worked to keep store shelves stocked, holes filled in the warehouse, and hoped they could stay out of trouble and avoid attention. My, how times have changed! Today’s savvy...
Gartner recently suggested that most retailers don’t do a good job of forecasting demand at the place where it really happens – fulfillment. Retailers are forecasting demand where the sale happens, vs. where customers receive products. And that has...
Teams that use this strategy and mindset to reduce inventory will free up incredible amounts of capital for their organizations.
Inventory Optimization Strategies for Retail CX Domination Welcome to the final post in our "Specialty Retail Series." In case you need a refresher, Part 3 covered "Where to Put Your Retail Tech Investment in 2020," which was all about being adaptable...