22nd April 2022

How To Achieve Better Control Over Your Inventory Management

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In today’s competitive – not to mention volatile – marketplace, businesses that can effectively manage their inventory will be well-positioned for success. By keeping track of what you have in stock and anticipating demand, you can ensure that you always have the supplies you need on hand while avoiding the costs associated with overstocking or understocking. Therefore, achieving better control over your inventory management should be a top priority for any business owner as we move out of the pandemic.

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10th March 2022

How Ecommerce Businesses Benefit From Demand Forecasting & Cash Flow Planning

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The shift in consumer habits away from traditional ‘bricks and mortar’ shops towards online retail presents ecommerce businesses with an opportunity for growth and increased profitability. However, while operating online frees businesses from the expensive necessity to maintain and staff a physical retail space, they remain subject to the basic principles of supply and demand affecting all retail businesses.
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03rd February 2022

Christmas Is Over – How To Plan For A Successful Trading Year In 2022

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For many business owners, 2022 is riddled with uncertainty. There are still open questions around the Covid-19 pandemic and its impact on the economy, Brexit developments impacting supply chains, shipping container shortages, and the added worry of a potential military conflict in the Ukraine! However, despite all this it seems that there’s hope in the horizon.

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19th January 2022

Why Inventory Management Software Is Essential When Running A Cruise Liner

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The Pandemic has not been kind to the cruise liner industry, with many leisure vessels still laying empty after 18 months. Nevertheless, with Covid-19 in retreat, many cruise line operators are looking forward to a surge in demand in 2022. And with the return of passengers comes the delicate game of inventory management – a more complex task for cruise liners than for land-based hospitality providers. 

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12th January 2022

How Machine Learning Is Transforming Demand Planning

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Matching supply to consumer demand is tricky at the best of times, even without the vagaries of a global pandemic to contend with. While an efficient demand forecasting strategy can drastically improve the accuracy of forward planning, there’s always an unavoidable element of subjectivity that’s hard to overcome. Machine Learning (ML), however, is improving the accuracy of demand forecasting even more, so that businesses can be more responsive to changeable markets.

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17th December 2021

Is It Too Early To Start Planning For Christmas 2022?

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It’s never too early to start planning, but is it too early for seasonal demand forecasting for Christmas 2022? Nobody knows what Christmas 2022 is going to look like, or the level of disruption that Omicron may cause. However, with the right software, you can increase the resilience, preparedness, and agility of your organisation.

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19th October 2021

What Best Practices Should I Follow In Demand Forecasting?

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There’s no such thing as perfect forecasting, but there are steps that can be taken to significantly improve forecasting accuracy. Ever-evolving technological advances continue to expand the options available to businesses, and these need to be embedded in best practices for full efficacy. Here’s what you need to know.

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22nd September 2021

How To Make Smart Supply Chain Decisions During Uncertain

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Panic buying, border closures, container shortages, rapid shifts in consumer demand, volatile investment markets… In the world of retail, Covid-19 has a classic disaster movie plotline. Organisations around the world have had to strap themselves in for a rollercoaster ride of uncertainty, and we’re far from the finish. Smart supply chain decisions matter now more than ever before. Here are a few ideas! Continue reading “How To Make Smart Supply Chain Decisions During Uncertain”

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14th September 2021

The 7 Keys To Accurate Demand Forecasts

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Accurate demand forecasts are invaluable for efficient sales, marketing, and distribution strategies. Reliable predictions of future customer behaviour allow you to manage production capacity, supply chains and human resources without waste. Customers also benefit from adequate availability of their desired products. What’s more, accurate forecasts can optimise budgets by giving greater foresight for spending plans.

Nobody can see directly into the future. However, advanced analytics, as well as real-time monitoring of sales data, stock movements and marketing initiatives, can provide excellent insights into upcoming customer trends. Accurate forecasting can be broken into the following seven key steps: Continue reading “The 7 Keys To Accurate Demand Forecasts”

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