Tools for Merchandise Forecasting

Moreover, such systems are based on statistical-analysis functions that are far more accurate than rule-of-thumb measurements.

The e-commerce demand model is much more opportunistic, offer-driven and instantaneous, on the one hand, and more unpredictable on the other. But since the immediacy of the Web allows you to easily remove sold-out items from your site or to engage in aggressive, short-term discounting to off-load overstocks, forecasting tools per se are somewhat less critical in the e-commerce space.