Today, customer product demands are changing rapidly, which is causing many organisations to spend large amounts of time and resources trying to understand their customers better. Smart companies have now learnt how to read customer demand better, keeping just enough product on the shelf to minimise wastage while maximising cashflow and revenue. This also reduces the amount of cash tied up in inventory on a day-to-day basis. Keeping all these balls in the air can be hectic and quite demanding. But new technology makes this very easy to understand.

As most markets are currently plagued with uncertainty, plus the added pressure from new disruptive competitors, any false move or hesitation to act, can be fatal.

However, it is quite easy to avoid these issues by using automated forecasting and analytics solutions to manage your overstocked warehouse and supply chain.

Incorporating automated technology into your Demand and Supply Planning can give you the advantages you are looking for: