Introduction Supply chain planning is a crucial aspect of managing a business, as it helps organizations anticipate and respond to demand, while ensuring efficient allocation of resources. One of the fundamental components of supply chain planning is forecasting, which involves predicting future demand for products or services. Accurate forecasting can lead to significant improvements in …
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Merchandise planning is a critical function in the retail industry that involves managing inventory levels, product mix, pricing strategies, and promotional events. The success of a merchandise plan can drive increased sales, enhance the customer experience, and optimize inventory turnover. In recent years, technology and AI have been transforming the merchandise planning process, making it …
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