Revolutionize Your Forecast Precision Based on Market and Product Attributes
Today’s product portfolios can contain hundreds of thousands SKUs. In some cases a company must manage several million. This is not to say a company will have this many product families. In fact, many of these SKUs are based on product configurations within a product family. For example a style of shoe can have a SKU for each gender, color, size and width. A family of sofas can have individual SKUs for fabric, color, pillows, and legs. A USB memory stick can have variations for memory size, color and indicator light.
So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. T
In the world of commerce, every business ecosystem has a type of supply chain that is critical to corporate operations.These supply chains rely on a n