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"Quantitative Inventory Optimization for Retailers: How to anticipate future demand"
Learn how to anticipate future inventory demand for your retail or wholesale business with proven quantitative inventory techniques.
Inventory management is often a tradeoff between having too much stock and having too little.
While most practitioners accept this as an operational hurdle, things get really difficult when it comes to financial insights and future planning.
Each inventory decision has a financial cost and many businesses often fail to consider this in practice.
This free guide, written by demand forecasting expert Joannes Vermorel from Lokad, provides detailed insights into how businesses can apply scientific method to forecasting how much inventory they will need for their retail business at a specific time.
With detailed examples and practical use cases, learn how to:
- Measure the performance of your existing inventory forecasting and planning methods
- Identify specific reorder points
- Improve the accuracy of your inventory forecasting
- Benchmark and test alternate inventory management strategies against each other to improve forecasting.
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