Retailers believe that poor inventory forecasting harms their business:
“It also found that 87% of respondents consider inaccurate inventory a larger factor in revenue loss than theft. The survey has a sample size of 100, a margin of error of 9.8% and was conducted online.”
P.S. Walmart is proactive in this area by offering forecasting tools to suppliers. Our course can teach you how to optimize these tools. Sign up today!