Forecast new product success scientifically

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...

A use case for what-if tool - Long horizon forecasting example

A use case for what-if tool -...

The need for long-horizon forecasting Long-horizon forecasting involves predicting a situation 1.5-2 years in advance. Some businesses need such horizons for procurement of raw materials,...

The Coronavirus Crisis-The impact of COVID-19 on the retail industry

The Coronavirus Crisis-The impact of COVID-19 on...

While COVID-19 spreads globally, the retail industry braces for the outbreak’s fallout. From the slowdown in sales at the moment to not being able to...

Factors to keep in mind while Forecasting

Factors to keep in mind while Forecasting...

A famous quote coined by Paul Saffo, a consultant associate professor at Stanford University who has been a technology forecaster for more than 35 years...

5 Things To Know About AI In Supply Chain Optimization

5 Things To Know About AI In...

Artificial Intelligence (AI), defined by Gartner as a technology that “applies advanced analysis and logic-based techniques, including machine learning (ML), to interpret events, support and...

Stockouts - what are the causes and how to avoid them

Stockouts - what are the causes and...

StockOuts and Why It Happens According to wiki, A stockout, or out-of-stock (OOS) event is an event that causes inventory to be exhausted. In layman...

Retail Stock Management Techniques For New-Age Retailers

Retail Stock Management Techniques For New-Age Retailers...

No business has ever become successful with ineffective retail stock management. Take the biggest of names in the industry and the statement holds true. Walmart...

How AI is making the fashion industry smarter!

How AI is making the fashion industry...

Trends in the fashion industry are driven by customer flickering behavior. Change is the only constant in this field. Other than consumer expectations, fashion is...

How deep learning solves retail forecasting challenges

How deep learning solves retail forecasting challenges...

Like in the case of most industries, retail too, is being driven forth and ahead with data. Keeping up with the increasing demands and expectations...

Success in Supply Chain with AI: Proven Ways

Success in Supply Chain with AI: Proven...

Roaring magnanimously, artificial intelligence has emerged as one of the most widely used technologies in every industry today. Looking at the graph below, it is...

Data-Driven Transformation Affair in Retail

Data-Driven Transformation Affair in Retail

Retail is one of the strongest and fastest-growing industries worldwide. 2019 onwards it will further pick up the pace and witness a glorious data-driven transformation....

Traditional Forecasting Methods

Traditional Forecasting Methods

As seen in Part 1, Forecasting is an important part of the demand planning strategy. Human beings have been cognizant of the importance of forecasting...

Why Demand Planning?

Why Demand Planning?

An unsophisticated forecaster uses statistics as a drunken man uses lamp-posts - for support rather than for illumination. - After Andrew Lang All business planning...

What is Sales Forecasting?

What is Sales Forecasting?

No enterprise these days can remain competitive and profitable without optimizing its short-term and long-term performance. Businesses from various industries and regions improve their long-term...

Importance of Sales Forecasting for Businesses

Importance of Sales Forecasting for Businesses

The demand for a product or service keeps changing from time to time. No business can improve its financial performance without estimating customer demand and...