Most demanded products generate up to 80% of the retail chain’s revenue. These products must always be present on shelves. Even one hour of product’s absence from the shelf leads to lost sales. Systematic Out-of-stock distorts sales statistics and leads to more errors in orders.… Read More »Benefits of AI based automated ordering
In the process of introducing new products into the range category managers have to consider how much of a new product should be ordered to have it all sold before the replenishment. Most retailers are trying to calculate the demand in Excel. ASTOR clients employ… Read More »How to correctly forecast demand for new products?