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Long Term Inventory Planning: Identifying the Path to Optimal Inventory Through Modeling
Infosys
As increasingly advanced tools become available, optimal inventory planning is becoming not only possible, but essential for retailers. Even today, many retailers rely on a merchandise planner's past experience and gut feel to determine not only the rate at which a product will sell, but also the rate at which they will buy. Driven by top-down, growth-focused forecasts, this frequently results in bloated inventory levels and deep discounting to move unwanted product.
 
 
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