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4 Steps to Skyrocket Your Demand Forecasting Accuracy

Logility

In this article, we’ll dive into four easy steps to sharpen your forecasting skills and optimize your inventory investments and deployments. Let’s get started! Here’s a closer look at four pivotal steps that can help you enhance your demand forecasting accuracy significantly.

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Excess Inventory: Causes, Consequences and How to Avoid it?

SCMDOJO

Understanding the root causes is the first step to streamline your inventory management and get rid of excess & obsolete items. Factors such as seasonality, market trends, and changes in consumer behavior can make forecasting challenging. This can help refine the product and adjust inventory plans accordingly.

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The Top 15 Retail Trends for 2022

ToolsGroup

From pet supplies – who doesn’t want a furry remote work friend – to outdoor activities, some initial pandemic shopping trends aren’t going away any time soon. With more time spent on our phones, it’s no surprise many of those minutes are allocated towards social media. I’ll let you come to your own conclusions on the tequila…).

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The Great Maersk Shift

Freightos

Oil prices tanked, cancellations increased and Maersk drilling and supply chain services would run up nearly $2 billion dollars in annual losses. With the right digitization in place, this exception management could extend to SKU level exception management for even smaller importers and exporters. The Primary Maersk Plays.

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Why is Promotional Display Planning So Far Behind In-line?

RELEX Solutions

If searching for the right tools, retailers would quickly find that there is a range of solutions available to help them apply category management to their promotional areas in much the same way they do for their inline shelves. And using planogram automation, it’s simple to select the right products for each store.

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Ecommerce Operations 101: What Ecommerce Operations Managers Need to Know

ShipBob

Across any industry, operations is the backbone or the organization and the function that gets things done. It’s one thing to sell a high-demand product , it’s another to get it into the customers’ hands. . It’s hard to measure effectiveness, from planning to execution, without the right data.

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Smart Warehousing Technology, Techniques + Best Practices

ShipBob

However, with the right smart warehouse systems, you can significantly reduce human error while also saving on labor costs. Additionally, managing or fulfilling from a single warehouse is no longer an option if you’re looking to offer affordable 2-day shipping to your customers while also expanding into new markets across the globe.