Blog
Publications on demand forecasting, optimization and inventory management, description of techniques and algorithms, comparison of different approaches. Useful materials on the choice of software, analysis of cases and recommendations.
How Forecast NOW! processes orders. Program workflow.
In the piece, we explain how Forecast NOW! builds forecasts and makes orders.
How to Save on Safety Stock?
How can you reduce safety stock and save money? This article explores several practical methods that can be applied...
How to Predict Demand for New Products?
As retail landscapes evolve, businesses constantly face the challenge of forecasting demand for their latest...
Accuracy of Forecasting or Profit: What Should Be Measured?
Forecast accuracy is one of the most popular metrics among inventory management professionals. But how does it relate...
6 Signs That Your Company Needs an Inventory Optimization...
When exactly to implement an inventory optimization system is not a trivial question. On the one hand, the company...
Inventory Management Efficiency: How to Evaluate?
What methods are there for assessing the effectiveness of inventory management? What is the right way to do it in...
Key Performance Indicators for Inventory Management. Part...
In this article, we explain how to measure missed demand, lost profit, fill rate and stock profitability and why you...
Key Performance Indicators for Inventory Management. Part...
In the article we tell why to measure turnover and deficit level, how to calculate them and what conclusions can be...
What is Service Level and Why It's Important
Details on what are the level of service of I and II kinds, how and why to calculate them
Sales Forecasting: Human Insight vs. Artificial Intelligence
As technology advances, the performance of artificial intelligence is often compared to that of human employees:...
Why should we calculate the order directly, rather than...
The classical approach to inventory planning is as follows: first, forecasting demand, then, based on the numbers...
Why Inventory Management Systems Aren't Taking Root: The...
In the article we tell you what problems and objections from employees companies face when implementing an inventory...
Why Better Forecast Accuracy Doesn't Mean Better Profits....
Why Better Forecast Accuracy Doesn't Mean Better Profits. We discuss the 5 main challenges associated with using the...
How to determine the optimal service level
How to set the service level for a product or a group of products and what value would be optimal? We tell about the...
Empty Shelves: What Causes In-Store Stockouts and How to...
To keep your store shelves full and adequately predict consumer demand, consider using a checklist from Forecast NOW!
How Digital Twin Technology Helps in Inventory Management
This article describes how digital twin technology, coupled with probabilistic forecasting, helps you manage your...
Probabilistic Forecasting
Description of a probabilistic approach to demand and inventory forecasting
Why we ignore MAPE, RMSE, and other mathematical errors...
When a business is faced with the task of forecasting demand for inventory management, the question usually arises of...
Why Forecast Inventories and not Demand?
Most companies use demand forecasting methods that are 10-15 years behind: exponential smoothing, ARIMA, moving...
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