The key to fulfilling customer demand, minimizing lost sales, and preventing expensive backorders is having the right inventory on hand when needed.
Initial fill rates, final fulfillment rates, and backorder costs are the key metrics merchants need to measure inventory scheduling performance. Incremental improvements in these metrics as small as a single percentage point can provide six-figure improvements in annual profits.
Inventory scheduling begins with accurate demand planning. Whether you have a simple, single-channel ecommerce retailing business, or a complex multi-channel, multi-division catalog and ecommerce retail business, Forecast*21 and Venture*21 provide the demand planning solutions that meets your needs.
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