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Forecast Demand Using Seasonal Profiling
Seasonal profiling is complicated by moving holidays, multiple profile iterations and timing profile refreshes before an SKU comes into its next season.
Manage Demand Cleansing
Forecasts distorted by promotions, markdowns, weather or entry errors can get expensive if left unchecked over time.
Forecast Demand Using Causal Techniques
Looking at seasonal trends that could be unpredictable or skewed isn't enough to effectively plan next season's demand.
It’s as good as the information you give it. And we find time and time again, it’s the quality of our ability to manage the data, and to make sure it’s constantly updated for pricing, or for palette configuration, or for seasonality, or for lost demand sales—that maintenance is the key to success."
Russell Parker, Senior Vice President of Procurement, Nature's Best