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Demand forecasting challenges – how to deal with fluctuating demand

EazyStock

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. How to overcome demand forecasting challenges. Use appropriate historical data.

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Backorder: What it Means, Causes, and How to Reduce Temporarily Out-of-Stock Items

GoShip Blog

The sudden increase in demand can be because of seasonal events like holidays, extreme weather, or social media trends. How to Reduce Backorder? Inventory management systems also provide data-driven insights and analytics to help you set appropriate reorder points and improve your stock forecasting.

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How to Manage Seasonality of Demand to Increase Forecasting Accuracy

EazyStock

Seasonal demand is defined as a certain time series with repetitive or predictable patterns of demand due to re-occurring seasonal events. How to forecast for seasonal demand. For more tips on forecasting, check out our whitepaper “How to Improve Demand Forecasting Accuracy” for tips and best practices.

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Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains

3PL Links

As the name implies, trend research looks to forecast future events mostly based on consumer behavior, which drives shifts in the needs, wants, and expectations of the market. Strategic API integration allows logistics organizations to get almost real-time data and updates about orders and shipments. Check out below: 1.

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The Demand Powered Supply Chain: How to Win as the Bar Continues to Rise in the Retail Industry

CH Robinson Logistics

Robinson’s recent partnership with SAS , a trusted analytics powerhouse, to bring end-to-end supply chain processes and technology solutions that connect demand and inventory planning data with procurement and transportation data, in real-time. Spend less time on your annual procurement event by taking advantage of SAS’ and C.H.

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Supply Chain Optimization: 5 Tips to Optimize Your Supply Chain

3PL Links

Therefore, improving supply chain management is crucial for a business that wants to increase both its profitability and competitiveness in the marketplace. It is crucial that they understand how to use these tools correctly as well as how to respond quickly if something goes wrong.

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Marketing Small Business Tips: 6 Tips to Improve Your Small Business 

GoShip Blog

The technologies listed above can help you can grow and improve your small business by automating various tasks, such as: Accounting Customer Service Logistics Digital Marketing Tax Preparation Data entry Order Processing, etc 4. You can collect insightful data by staying on top of the prevailing market circumstances in your industry.

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