Suggested Order Quantity
An idea that needs a bit more analysis/thought but it would be great to explore a suggested order quantity based on X period of sales and a minimum inventory threshold
Gabriel
shared this idea
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Gabriel
commented
Any chance we can revisit this idea now that we have more historical data? I know it can get very complex but with inventory, daily average sales, inventory threshold and recent unit sales over say an 8 week period, could we come up an algorithm that might work?
Thoughts?
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While I agree this would be great, it would most likely require multiple years worth of data to calculate for seasonal changes in sales. Holiday weekends/periods upswings would otherwise be missed. Add into the mix seasonal products and Vintages released (that are often only stocked for a short period of time), it makes any type of accurate algorithm quite complex.
