Learn how to improve demand forecasting accuracy in retail

Join us in our next webinar explaining how to improve demand forecasting results in retail!

In this webinar we will explain how a retailer can measure, control and improve demand forecasting in the business. The accuracy of demand forecasting in retail has a major impact on business performance. Important operational decisions are based on forecast results. Measuring, improving and controlling those results must be a top priority for any retailer who relies on data driven insights for decision support. Accurate forecasts are used to make decisions in pricing, ordering, replenishment, stock balancing and overall goods movement in the enterprise.

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Intended audience for this webinar is any retail professional with merchandising, controlling, finance, planning or supply chain role in a retail organization.

The following questions will be answered with relevant retail examples to demonstrate their role and impact on forecast accuracy:

  1. What is forecasting and how is it used in retail?
  2. What data is needed for forecasts?
  3. How is data quality checked for forecast generation?
  4. What methods are most widely used to generate forecasts, what are their advantages and disadvantages?
  5. What are the options for adjusting generated forecast?
  6. How can accuracy of forecast be measured for fine tuning forecasting?

This webinar was held on Wednesday, May 27th at 10 am Eastern US Time, which is 4 pm Central European Time.

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