Companies that achieve the holy grail of Inventory Optimization (IO) realize maximum profit by holding the least amount of inventory necessary, while still fulfilling consumer demands and achieving fill rate goals. By matching supply to expected demand, companies reduce the cost of carrying inventory and increase cash flow and operational efficiencies.
Companies may be struggling from a lack of revenue or cash flow. They may be drowning in excess inventory and the costs associated with it. A company may be struggling with determining the drivers of their business, instead focusing on the wrong things. A forecasting system can help a company clarify the problems within their business and provide a roadmap to improving their operational performance. [basic-code]™ has helped many companies improve their KPI’s with its Sales Analysis and Forecasting Tool©.
A 2017 survey by the Small Business Administration shows that 50 % of small to mid-size businesses fail within five years, and only 1/3 survive more than ten years. This is largely due to a lack of cash flow. It is critical for the business owner to know their cash balance at all times. In addition to the Balance Sheet and Profit and Loss statements, a cash flow forecasting system is a necessary tool for a small business. For companies with inventory, the cash flow forecasting system should include an Open to Buy.
The customer is demanding it. Competitors are stepping up to the plate. Omni-channel retailing – providing a seamless shopping experience across multiple channels – is necessary to succeed in today’s retail world. How can a better sales forecasting system contribute in this complex environment?
As interest rates increase, what effect will this have on your company’s cash flow? The costs of carrying excess inventory will be increasing as well, impacting your company’s bottom line.
Those confusing and intimidating words… Open to Buy. What do they mean? In reality, Open to Buy is really not that complicated and it is a tool that every retailer, whether large or small, should be using…
Frustrated by too many spreadsheets? Or spreadsheets so big they lock up or crash? [basic-code] has the solution for your sales forecasting and inventory management needs!
Every business benefits from a sound forecasting process. In addition to the primary objective of fulfilling customer needs on-time in a cost-effective manner, there are numerous other benefits…