Predicting the Future: Retail’s New World
Podcast | June 5, 2020
Even as we work to ramp back up, re-open stores, and improve our view of current inventory positions, we need to start developing perspectives of future sales and inventory demand. The ability to predict and react quickly to customer demand is critical, along with having a common demand signal that can help support various functions across retail planning, pricing, and fulfillment. Retailers can view this near-term period as an opportunity to significantly enhance their ability to quickly and dynamically drive business insights for improved decision making.
In this audio session of our Reconstructing Retail webinar series, Parker Avery experts Sam Iosevich and Amanda Astrologo are joined by industry analyst Joe Skorupa in helping you understand:
- The challenges and options for considering future demand as the COVID-19 crisis lessens and our retail economy begins to re-open
- How AI/ML tools can be used to provide dynamic demand signals and quickly produce multiple scenarios
- Options for addressing short-term inventory, allocation, and replenishment challenges while planning for future demand
