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Essay Details:
Essay text:
It also requires knowing vendor lead
times and reliability, and having a way to
forecast demand and control service rates at
the store/SKU-level of detail without being
overwhelmed by paper.
Let’s focus on forecasting consumer purchases
(what we need to buy) since it is the
cornerstone to the solution. It is also the most
different approach.
Store-level forecasting used to set model stock
assortments by SKU requires a very different
approach. The vast majority of items have a
low rate of sale at the door/SKU-level so the
volatility of sales is the important fact — not
the average rate of sale...
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Common topics in this essay:
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