If you work in consumer goods, depending on your particular industry, demand and inventory can fluctuate and shrink at any number of points throughout the year. For importers and distributors, their high-demand months occur just before those high-demand consumer seasons. With seasonality, it’s all about planning and forecasting. No matter your industry, no matter your peak season, it’s essential to be prepared to meet customer demand. And that starts with having enough inventory.
An ERP can effectively help you manage seasonal inventory and demand in five significant ways:
- Forecasting for Long Lead Times
- Demand Planning
- Managing Product Lifecycles
- Evaluating your Budget
- Leveraging Historical Data and Trends
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