Does Your Forecasting and Inventory Replenishment Software Prevent or Encourage Fires?
How often I walked into the corporate office of my former employer and thought ‘whew, is it HOT in here’? Knowing I was headed for budget and planning meetings that were going to steal my day with the end obvious result: wrong products and /or wrong locations.
How can you survive when customers expect new product almost monthly? The expectations of customers and the resulting changes to their shopping habits have been dramatic in the past 3 years. In the past a retail/ wholesale company could change product assortments 2-4 times a year to keep customers satisfied. Today social media has forced a new world order where product assortments need to change monthly to meet customer expectations. How do you respond? The great ‘idea’ is to find new sources and buy new products more frequently, operating more like the grocery industry has for years, right?!?! (just pretend the 60+ day lead times will not matter)