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Essay Details:
Essay text:
Retailer buying teams would rely
on historic sales data to make intuitive forecasts
and make big minimum order quantity purchas-
es to drive down price. This would severely
undermine the corporate supply chain wellness
and merchandizing capability to react to the
fluctuating market demand. Without a contin-
uous forecast and replenishment discipline on
the inventory side, the out-of-stock rate for
popular items cannot be replenished in time,
and the less popular items continue to increase
the inventory costs. Further more, without an
effective methodology or tool to perform col-
laborations between retailers and suppliers,
the assortments planning itself suffers...
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