Forecasting

Introduction

The article highlights the benefits of modern technology to businesses whereby all business operations for both small and big business enhanced unlike in the past where only large enterprises favored. Digital technology provides insights that help retailers in very many ways. A study conducted shows that 90 percent of fashion retailers exclude past lost sales in their forecasts, but an amalgamation of digital technology with supply chain necessitates that the lost sales included. According to a study done by Omni-Channel Allocation and Replenish 2018-19, it’s important for small enterprises operating both in digital and physical world to understand every metric of Omni-channel for proper future forecasts and effectively manage of inventory. Furthermore, the use of different data by retailers ensures a competitive edge.

The article shows a report of the study done that indicates a few retailers who have not embraced the new tool integrated for forecasting. The article further adds that the new integrated digital tool helps to track a history of l

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