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What are the different demand forecasting techniques?

Introduction Demand forecasting is the process of predicting future sales by using historical data to make informed business decisions about everything from inventory planning, and warehousing needs to running promotions and meeting customer expectations. Demand forecasting helps the business estimate the total sales and revenue for a future period of...

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What I learnt in first two years of Agile Implementation

Numerous agile frameworks are available in the market today, each one claiming to help implementation of common agile principles in different forms and manner. We, at BluePi, started our official agile journey almost 2 years back. Before that, agility was demonstrated at personal level by few individuals but was not...

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Customer Role in Agile Projects

Three Pillars of Agile Agile projects especially projects following Scrum Methodology depends on co-ordination and communication of three important roles in the project, namely, Product Owner, Scrum Team and Scrum Master. Product Owner Product Owner looks after the scope of the project and that team delivers the most important features...

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Role of third party data in a customer data platform

If there is one sector that has remained buoyant despite the global pandemic, it is online commerce. Brick and mortar players are also a significant shift in revenue streams, and omnichannel presence is a necessity. The changes in the retail sector are undergoing are transformational and long-lasting. A significant enabler...

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What is demand forecasting in Retail

Defining Demand Forecasting Demand forecasting as the term suggests is predicting the need for a product in the near future. Take a simple example - “World petrol demand likely to peak by 2030 as electric car sales rise” as said by The Guardian about two years ago. This simple one-line...

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Forecast new product success scientifically

A new product is launched in the market to reduce the inflation cost of production by making improvements on existing products, targeted to the current market needs. New products are launched by introducing area-specific changes to extend the market space. New Products permit organizations to develop incomes and hold high...

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