Retail
Demand forecasting for a retail chain
Every week, each store gets a forecast per product that allows for promotions, holidays and the season.
The challenge
Orders are based on the previous period's sales and adjusted by hand in spreadsheets. Perishable goods are written off in some stores and missing from the shelves in others.
The solution
- 01
Bring sales history, stock, prices and the promotions calendar into one place.
- 02
Forecast demand per product and store, with separate handling for new products and promotions.
- 03
Send managers a suggested order they can adjust before it goes out.
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