Run The Numbers reposted this
We advocate taking an active role in avoiding shrink by managing orders and ensuring you keep an eye on not just the brand's shelf-life guarantees with distributors, but also your distributors' guarantees with retailers. This is critical to make sure the RIGHT amounts get shipped and short-dated product doesn't result in chargebacks or spoil the consumer experience!
🔍 Last week, we asked professionals in our community to weigh in on priorities: Nailing an accurate sales forecast or mastering trade spend management? The response was loud and clear—68% of you emphasized the critical importance of accurate forecasting. And it's no surprise why! 📈 Without a precise forecast, brands face real challenges, from missed opportunities to costly issues like excess inventory and shrink. Our latest article dives into shrink’s hidden impact on profitability, especially when distributors and retailers overstock due to inaccurate demand predictions. Shrink isn’t just spoilage and damage; it’s a domino effect, starting at the warehouse and trickling down to retailers. As we explore in the article, aligning production and shipping with demand can dramatically reduce shrink and keep brands on track. We’re here to help you make these connections. A solid, data-backed forecast is at the heart of reducing shrink—and building a more resilient, efficient, and profitable brand. Tap into our insights to create a plan that drives your go-to-market strategy and keeps products moving, not sitting. 👉 Read the full article on shrink and forecasting accuracy below and join us in the comments to discuss how your brand is tackling shrink challenges! #ModusPlanning #Shrink #Forecasting #CPG #TradeSpend #SupplyChain #DataDriven