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Featured Reviews
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 RayMedi HQ SCM |
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Supply Chain software designed to manage your chain of shops more easily
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| Acumatica Suite |
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Distribution management suite allows you to track inventory and fill orders
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| The WAVE |
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Robust yet easy to implement warehouse management solution
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| PSI Planner |
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Materials requirements planning and master production scheduling
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| MotorNotes |
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Offers a comprehensive vehicle management software solution
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| Lading Manager Lite |
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Is a simple easy-to-use bill of lading print program for Windows systems
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Right Test identifies which stores within a chain are best to be used for a new product test, and calculates how the results of the test can be applied to scale up a forecast of season demand across the entire chain. In addition, when preparing to introduce new products retailers need, in some cases, to determine the quantity for their initial order. It is critical to optimize the cost of stock outs balanced against the risk of obsolescence.
Yet, with no sales history, attempting to apply traditional forecasting methods to new products can prove to be extremely difficult. As a result, many retailers conduct tests in which products are offered for sale under carefully controlled conditions in a small number of stores. The success and validity of these tests are dependant on correctly answering two crucial questions:
Which stores should be used?
How can test results be used to accurately create a chain-wide forecast? |
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