seasonal-planning

What problem does it solve?

This Skill helps retailers optimize their seasonal merchandise planning, ensuring they buy the right quantities to meet demand while minimizing excess inventory and markdowns.

Core Features & Use Cases

• Demand Forecasting: Predicts seasonal sales curves and total season demand based on historical data and growth trends.
• Buy Quantity Optimization: Uses the Newsvendor model to calculate optimal buy quantities for individual SKUs, balancing lost sales against markdown costs.
• Assortment Planning: Optimizes the product mix within a budget, considering individual SKU forecasts and costs.
• In-Season Management: Provides tools to identify chase opportunities for fast-selling items and markdown candidates for slow movers.
• Use Case: A fashion retailer can use this Skill to plan their Fall collection, forecasting demand for sweaters, optimizing the number of units to purchase for each style and color, and managing inventory levels throughout the season.

Quick Start

Use the seasonal-planning skill to optimize the buy quantity for SKU123 with a forecast mean of 500 and standard deviation of 150, a unit cost of $25, and a retail price of $60.