Inventory Forecasting: Avoiding Stockouts and Overstock with Better Demand Planning
Product starts flying off the shelves. Orders keep coming in, and suddenly there isn’t enough stock to ship them all.The reverse is also true. You order heavily for something that looked promising and find cartons sitting in storage months later.The answer is inventory forecasting. Brands can make smarter stocking decisions through analysis of sales history, seasonality, promotions and current ordering trends. For ecommerce businesses that use a 3PL, accurate forecasting also means that the warehouse can get ready for changes in the volume of receiving, storage, picking, and shipping.Why Inventory Forecasting Is Critical to Ecommerce BrandsOne month 50 units might…

