Long lead times frustrate buyers, jeopardize service levels, and in the end, steal profits. For inventory professionals in hardgoods industries, the lead-time component can be known as the sleeper component, the missing component, and often the killer component.
David Berman is a hedge-fund manager who CNN says is like a “patient predator.” He watches retail inventories with the focus of a hungry jaguar. Specifically, he watches for retailers whose inventories are growing faster
As shoppers prepare for the holidays, demand forecasters, inventory planners and replenishment buyers are hard at work anticipating what the rest of us will buy and when. Some items are obvious and easy to predict.
Do you want to improve the accuracy of your demand forecasts for inventory planning? If so, you’re likely to achieve solid results with one or both of these approaches:
Explore better forecasting methods.
Make your forecast errors
The art and science of demand forecasting have both come a long way in the past 20 years. Yet as much as demand forecasting has improved, we believe there’s still plenty of opportunity to take
No matter how well you manage your inventory today, you’re likely to benefit from what you might think of as a periodic review of the “junk in your closets.”
Does the number of items you carry
Let me guess what came to your mind first …
“What is MIOE?”
I can tell you that was my first thought when I read the recent research article from Gartner Research VP, Mike Griswold. The article, “Retailers
Earlier this week I had lunch with a friend and business associate, Chris Rowen from VRA Partners. VRA is an investment banking firm that works with distribution companies. Seems strange to say, but true. In