Need an Edge in the Competitive Retail Space? Get Smart with Inventory Planning and Demand Forecasting

In a highly competitive retail environment where customers’ preferences are always changing, what can retailers do to make more sales at full price?

A survey of retailers in the US suggest that the most important factor in avoiding unplanned markdowns is accurate inventory planning and demand forecasting.

It concluded that retailers could benefit from predictive analysis tools that use AI and machine learning to make more informed inventory decisions and anticipate where, when and what their customers want.

Read the full article at stocktrim.com.