Rectify Future Discrepancies with Demand Planning Software
There is nothing more exciting than launching a new line of products in your inventory. It keeps your portfolio fresh and is essential to attracting customers for repeat sales. But we have been noticing that customer demand is not stable in the last couple of years. In situations like these, you might want to consider effective demand planning software to test out how your new product will perform when it gets launched. It seems like a mystery to determine how customers will react to new products or understand how much to order without any previous sales history. But with effective KPIs and complete visibility, you can access end-to-end transparency to your supply chain and make better decisions. This article will emphasize 10 crucial steps to evaluate the future demand for new products. Take a collaborative approach While creating a forecasting strategy for a new product launch, make sure that you pick selected, proactive people from the marketing, sales, and technical department