Inventory Planning: Calendar Woes
When determining an inventory forecast, get everyone operating on the same assumptions, said Gina Valentino, vice president and general manager of catalog consultancy J. Schmid and Associates. For example, to ensure your operational systems agree, determine which days begin and end the week for each department.
“Your call center may work on a Sunday through Saturday schedule for staff scheduling purposes, while your distribution center may work on a Monday through Sunday schedule,” said Valentino during the session “Forecasting the Future: Tips and Tricks from Marketing and Merchandising,” held during The Direct Marketing Association’s Annual Conference in New Orleans in October. “You want everyone working on the same schedule,” she noted.