Inventory Management: Grab the Bull by Both Horns

Since forecasting is only half the game, it’s equally important to have an inventory master-scheduling tool that incorporates future demand and on-hand and on-order inventory by week, along with estimated returns by week to calculate inventory level by SKU by week into the future.

Successful multichannel merchandisers also understand that for either approach to work, it must be coupled with good top-down controls and targeted exception reports to identify less reliable forecasts so they’re able to respond to situations and resolve any problems more quickly.