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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers. Order fulfillment becomes more efficient; meeting consumer expectations by enabling lower shipping costs, faster fulfillment, and a greater variety of fulfillment options.

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How to Revolutionize Inventory Management

Independent Retailer

Having insufficient stock to fulfill demand results in missed sales, causes reputational damage, and sends customers to competitors. Adobe expects the category to reach an annual figure of $85 billion in 2022. Retailers need tools that can connect and correlate all inventory data with the impact of external events.

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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

Unanimously, they said supply chain disruption will affect the upcoming holiday season “significantly or somewhat” and it will last at least through 2022. Beauty rival Sephora is using artificial intelligence (AI)-based demand forecasting to increase inventory turnover and product availability with greater accuracy and efficiency.