1. Collect and cleanse demand data from POS, orders, and shipments.
2. Classify SKUs using ABC/XYZ analysis to determine forecasting approach.
3. Select appropriate forecasting method (moving average, exponential smoothing, etc.).
4. Apply promotional lifts and cannibalization adjustments.
5. Calculate safety stock based on demand and lead time variability.
6. Generate suggested purchase orders considering MOQ and EOQ.
7. Monitor forecast accuracy and adjust models as needed.
SynapticSkills