2 posts tagged with "e-commerce"

Accurate inventory forecasting and demand planning are essential for any store that work with its own warehouses. The precise forecast allows for preventing out-of-stock for trending products, reduces overstocks, and in time identity dead inventory.

Opposite to inventory value report, inventory forecasting - also known as demand planning - asks questions for all three time periods:

• Past: How many products were sold and how fast?
• Current: What is the actual stock status?
• Future: How many products do we need and when?

What is eCommerce product analysis?​

eCommerce product analysis is an analysis performed on data, that is directly related to your store products. The various sets of data collected for the same products allow you to get a clear and precise picture of the actual state and determine trends.

Why and when do you need product analysis?​

The key tasks of product analysis are:

• Get an actual picture of the current state
• Determine trends
• And most important - split products into two categories "good" and "bad" products

Determining what products are good, allows concentrating efforts on the right products and forgetting about bad products.