FORECAST VIEWS

More precise forecasting methods, a long-sought goal for the supermarket industry, are coming closer to reality, with several major retailers and manufacturers piloting programs to share sales and inventory data as steps toward agreeing on orders.Participants in these tests are hoping for increased supply-chain efficiency through better planning and lower-inventory requirements, as well as retail

More precise forecasting methods, a long-sought goal for the supermarket industry, are coming closer to reality, with several major retailers and manufacturers piloting programs to share sales and inventory data as steps toward agreeing on orders.

Participants in these tests are hoping for increased supply-chain efficiency through better planning and lower-inventory requirements, as well as retail improvements such as out-of-stock reductions and sales jumps.

Collaborative plan

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TAGS: Walmart