When your stock runs into thousands of SKUs (Stock Keeping Units) you often resort to blanket business rules and statistical methods that work for some items but not for others – intermittent demand items for example. One area of inventory management that affects many businesses we work with is seasonality.
To be really on top of your stock and hit that sweet spot of not holding too much inventory, and at the same time being able to meet demand, fulfil customer satisfaction levels and not lose out to the competition, you need to be constantly reviewing and amending your inventory accordingly.
For some tips that can help you with your seasonal inventory planning see the rest of this article on Diver BI’s website
