The recent changes in size curves have proven to cause missed sales opportunities and excess inventory, impacting the financial performance of several industry giants.
To effectively tackle this challenge, retailers must take proactive measures.
At Sizeo, we advocate for a strategic approach to enhance size profiles and optimize financial outcomes.
Here are three key aspects:
1. Harness Historical Data: Start with historical sales and existing size curves as a foundation for forecasts. Analyze past trends and recent shifts in local markets to refine predictions accurately.
2. Leverage Advanced Technology: Embrace AI-powered solutions that elevate demand planning precision. Technologies like AI offer invaluable support in adapting to evolving size dynamics effectively.
3. Embrace Continuous Improvement: Adopt a Kaizen philosophy - regularly update size profiles based on feedback and recent trend changes to continually refine demand forecasts.
At Sizeo, we specialize in developing solutions to streamline and enhance brands and retailers' demand forecasting ability amidst changing size curves. Our cutting-edge SaaS solution ensures significant ROI with minimal risk.
Reach out today or connect with Gray King to explore how Sizeo can empower your organization to thrive in the fluctuating customer demand.
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