When quantifying and allocating products, retailers frequently reference "demand forecasting" and "demand planning" synonymously; while they share many similarities, they are essentially two distinct concepts that play different roles in the supply chain management process. Understanding the distinction and the…
If 2020 and 2021 taught retailers anything, it’s that uncertainty is the new normal. We’ve seen uncertainty with demand, customer behavior, and the supply chain. For retailers, the old way of dealing with demand was to buy excess inventory to fulfill stores for…
After nearly two years of lockdowns, travel bans and supply-chain disruptions, COVID-19 has undeniably reshaped the future of retail – probably forever. The unprecedented pandemic-driven global recession has exposed existing flaws and hastened the emergence of new trends; thereby accelerating…