Amid recession and ongoing supply chain volatility, businesses are no strangers to rollercoaster demand patterns – skyrocketing one day, plummeting the next. This can undermine the efforts of even the most experienced planner.
The good news is, we’ve already cracked the code to navigating the uncertain economic landscape. Here are three ways companies can best position inventory for the current business climate and be ready for the bounce-back economy.
01 Analyze your demand patterns
In today’s world, rolling demand forecasts forward from previous periods won’t work. For most businesses, you need a fresh look at your expected demand. A SKU-by-SKU analysis will sense changing demand patterns, allowing you to respond accurately and quickly to customer needs.
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