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The Retail Crystal Ball™ is a forecasting tool based on the state of the art forecasting techniques in use by the leading retailers across the globe. The forecasting engine uses various factors such as product life cycle, past sales history, trend, seasonality, competitive factors and substitutability of products to generate accurate forecast down to the units/week level.
Armed with accurate forecasts, leading retailers are able to reduce their inventories significantly while at the same time avoiding stock outs of products. The forecasts generated can be easily integrated into any inventory management systems. When combined with the information generated from the Retail Pulse Report™, the retailer is able to drive down the carrying costs while increasing revenue through being able to ride the market at its predicted demand levels. |
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Key Features:
- State-Of-The -Art Mathematical Models
- Precise Forecasts for Each Unit by Store
- Identification of Demand Variance
- Identification of Supplier Reliability
- Reduced Inventory Carrying Costs
- Eliminate Stock Out Possibilities
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