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Forecasts are key to reduce costs and improve service (Tour 1/5)

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If you hold inventory, inventory planning and optimization is a requirement for your business. While it is challenging, it is also an opportunity: Improving the quality of your forecast, reorder point and order quantity directly improves your bottom-line.



Inventory planning is not an option, but a part of your business.

If your business requires inventory, you regularly decide on the appropriate level and need to decide on reorder points and order quantities. Forecasting your demand is an important consideration in the process. Whether you are a retailer, eCommerce or wholesaler.

Each 1% accuracy up = 1% less inventory.

Planning accuracy is critical - Improving your planning accuracy provides you with instant cost and cash savings. Each percent accuracy improvement results in up to one percent less inventory, which translates into less supply chain cost, capital tied up, stock obsolescence and CO2 emissions. Lokad is designed to be vastly cash positive for you from day one!

Reduce stock-outs = more revenue and customer satisfaction.

Less stock outs and increased on-shelve availability has a direct impact on revenues and customer satisfaction. Improving your forecasting accuracy allows you to reduce out-of-shelve events, stock-outs AND inventory!

Calculate reorder points, order quantity and forecasts.

We provide reorder points (quantile forecasts), economic order quantities and service level optimization based on expected demand, forecast accuracy and lead times.





Videos

Video introduction to Salescast sales forecasting

Video demo of the Salescast Web Application

Video: Learn how Lokad produces your forecasts